Adugna, AbebeCastro, RocioGammara, BorisMigliorisi, Stefano2017-06-052017-06-052011-11https://hdl.handle.net/10986/26894Over the past couple of decades, global financing for development has changed dramatically. The biggest shifts have been the rapid increase of net private financing flows to developing countries, in particular to middle-income countries (MICs); the sustained growth of official development assistance (ODA) from Development Assistance Committee (DAC) members, even excluding debt relief; the emergence of MICs as growth poles and sources of ODA with different approaches to aid delivery than those of DAC donors; and the expanded role of private aid. In addition, past trends of proliferation, fragmentation and earmarking of aid have continued. This paper reviews broad trends in global financing for development, with a focus on ODA and the growing importance of new development partners such as the so-called BRICS. In this context, it discusses the implications of this changing landscape for aid effectiveness and the role of ODA going forward.en-USCC BY 3.0 IGOABSORPTIVE CAPACITYADMINISTRATIVE BURDENADMINISTRATIVE COSTSADVANCED ECONOMIESADVERSE IMPACTAGRICULTUREAIDAID AGENCIESAID ALLOCATIONAID EFFECTIVENESSAID FLOWSALLOCATION OF FUNDSALTERNATIVE FUNDINGALTERNATIVE SOURCES OF FUNDINGBALANCE OF PAYMENTSBANK POLICYBASE YEARBENEFICIARYBILATERAL AIDBILATERAL TRADEBORROWINGBUREAUCRATIC QUALITYBUY-BACKSCAPACITY BUILDINGCAPITAL FLOWSCAPITAL INFLOWSCARTELCONVERSIONSCOOPCREDITORCURRENT ACCOUNTCURRENT ACCOUNT DEFICITDEBTDEBT BURDENDEBT FINANCINGDEBT FLOWSDEBT FORGIVENESSDEBT RELIEFDEBT SERVICEDEBT SERVICE PAYMENTSDEBTORDEBTOR REPORTING SYSTEMDEPENDENTDEVELOPED COUNTRIESDEVELOPING COUNTRIESDEVELOPMENT AGENCIESDEVELOPMENT AIDDEVELOPMENT ASSISTANCEDEVELOPMENT BANKDEVELOPMENT COOPERATIONDEVELOPMENT FINANCEDEVELOPMENT GOALSDEVELOPMENT ISSUESDEVELOPMENT OBJECTIVESDEVELOPMENT PARTNERSDEVELOPMENT POLICYDEVELOPMENT PROGRAMSDEVELOPMENT STRATEGYDISBURSEMENTDOMESTIC RESOURCESECONOMIC ACTIVITYECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC OUTLOOKECONOMIC POWERECONOMIC RESEARCHEMERGING ECONOMIESEMERGING MARKETSEQUALITYEQUITY FLOWSEXPENDITURESEXTERNAL FINANCINGFACE VALUEFINANCE CORPORATIONFINANCIAL CRISISFINANCIAL FLOWSFINANCIAL INTERMEDIARYFINANCIAL MANAGEMENTFINANCIAL MANAGEMENT SYSTEMSFINANCIAL RESOURCESFINANCIAL STATEMENTSFISCAL DISCIPLINEFOOD AIDFOREIGN DIRECT INVESTMENTFORGIVENESSFREE LOANSFUNDING SOURCESGAPSGDPGLOBAL DEVELOPMENT FINANCEGOVERNANCE STRUCTURESGOVERNMENT BUDGETSGOVERNMENT BUREAUCRACIESGROWTH RATEHUMAN RESOURCESHUMANITARIAN AIDHUMANITARIAN ASSISTANCEIDSIMMUNIZATIONINCOMEINCOME GROUPINCOME LEVELINDEBTEDINDEBTED POOR COUNTRYINDIRECT COSTSINEFFICIENCYINFRASTRUCTURE DEVELOPMENTINFRASTRUCTURE FINANCINGINSTITUTIONAL ARRANGEMENTSINSTITUTIONAL CAPACITIESINSTRUMENTINTEREST SUBSIDYINTERNATIONAL AIDINTERNATIONAL BANKINTERNATIONAL DEVELOPMENTINTERNATIONAL FINANCEINTERNATIONAL SETTLEMENTSINVESTMENT ACTIVITIESINVESTMENT FUNDINVESTMENT PORTFOLIOINVESTMENT PROJECTSLINES OF CREDITLOANLOAN COMMITMENTSLOCAL GOVERNMENTSLONG-TERM DEBTLONG-TERM OBLIGATIONSMANDATESMARKET SHAREMASSIVE DEBTMIDDLE INCOME COUNTRIESMONETARY FUNDNATIONAL INCOMENATURAL DISASTERSNEGOTIATIONSPLEDGESPORTFOLIO EQUITYPORTFOLIO INVESTMENTPRIORITIESPRIVATE DEBTPRIVATE DONORSPRIVATE FINANCINGPRIVATE SAVINGSPROCUREMENTPUBLIC ADMINISTRATIONPUBLIC DEBTPUBLIC INVESTMENTSPUBLIC POLICYPUBLIC SAVINGSRECIPIENT COUNTRYREMITTANCESREPAYMENTSRESERVESHARE OF DEBTSHAREHOLDERSOURCE OF FUNDSSUSTAINABILITYSWAPSTARGETINGTAXTAX DEDUCTIONSTECHNICAL ASSISTANCETRADINGTRANSACTIONTRANSACTION COSTSTRANSPARENCYTRUST FUNDSTRUSTEEUNIONUNITED NATIONS DEVELOPMENT PROGRAMMEWorking PaperWorld Bank10.1596/26894