The 2016 OECD Development Co-operation Report convincingly claims that sustainable development cannot be achieved with public funds alone. A new relationship needs to be established between public and private engagement in development. The implications go well beyond fundraising and finance, and the challenge is further compounded by the ambitious global framework of the Agenda 2030 and the challenges of successfully implementing the Sustainable Development Goals (SDGs) – at all levels, leaving no one behind. Experimentation, research and diversification of development finance approaches will be key components of innovation and effectiveness in the decade ahead.
In a two-hour session organised in collaboration with the OECD DAC, the Global Development Network proposes to explore some of these challenges in two polar – yet complementary – scenarios for “blended finance” as an engine of development: one is large-scale, centralised vertical innovation, applied to health systems; the other is through decentralized innovation to promote stronger and more sustainable incentives for social enterprises. Two short presentations on each proposal were made by winners of #NextHorizonsEssay, a global competition for ideas on the future of development assistance, run in 2014-15. See original essays on health systems and social enterprises.
The event was organized by the Global Development Network, in partnership with the OECD DAC.
What should tomorrow’s aid agencies look like in a landscape where the global goal is to ensure sustainable development? How should development actors work to sustain development in the next fifteen years? What specific skills do these actors need to advance the development finance agenda? Should aid agencies remain pivotal to global aid?
In the past, the role of aid has mainly been to “finance” specific projects or services, with a strong sense of donor identity and marked projections of donor interests. A modern approach to development assistance, however, focuses on the catalytic role of institutions and their capacity to mobilize expertise and resources towards shared objectives. The Global Development Network (GDN) and the Centre for Global Development (CGD) organized a panel discussion on the future of aid agencies at CGD in Washington DC in June.The panel discussed a range of questions on the topic. The event featured two winning authors of the Next Horizons Essay Contest, a global competition for ideas on the future of development assistance, run by the Global Development Network in 2014 and 2015. Read the orginal essays on aid agency reform to generate contextualized knowledge and more autonomy for donors and their agencies. Catch a recording of the live webcast from the event and join the conversation: #NextHorizonsEssay @CGDev @GDNint
The event was organized by GDN in collaboration with the Center for Global Development.
For more information, contact Francesco Obino on email@example.com