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  • Webinar
  • 16 April 2021

The impact of Covid-19 on aid: Financing an equitable recovery

This 2021 ECOSOC Forum on Financing for Development side-event shed light on the financing challenges that have been exacerbated by the pandemic and explored what needs to change in financing to promote an equitable response and recovery.

Prior to the Covid-19 pandemic, we knew that mobilising the funding needed to deliver our shared global development ambitions was a huge challenge. The pandemic has compounded this situation: needs are rising and all resources are taking a hit – international, domestic, public and private. This will impact poorer countries more acutely if action is not taken to ensure they do not fall further behind as countries with better access to resources begin to recover.

So it is vital we are equipped with a clear picture of the financing landscape and how it is shifting in the midst of the pandemic, to ensure those who can drive action and effect change understand where efforts must be focused.

In this webinar, an official side-event of the 2021 ECOSOC Forum on Financing for Development, Development Initiatives (DI), the United Nations Foundation and Oxfam International bring together a diverse group of key experts on financing to set out what has changed as a result of Covid-19 and what this means for Official Development Assistance (ODA) spending if we are serious about building back better and fairer by promoting and ensuring an equitable response and recovery for all. It includes an exploration of new research on how key donors of ODA have responded during the first year of the pandemic, using the latest data available via the International Aid Transparency Initiative, and an action-oriented discussion with a select group of panellists.