Frontiers of finance for development in landscape of international cooperation development policies: Beyond ODA?

Authors: Silvia Grandi*, University of Bologna
Topics: Development, Human Rights, Economic Geography
Keywords: Development, Finance, ODA,
Session Type: Paper
Day: 4/5/2019
Start / End Time: 1:10 PM / 2:50 PM
Room: Capitol Room, Omni, East
Presentation File: No File Uploaded

This paper aims at analyzing and conceptualizing the emerging financial instruments used to support developmentand human right policies in the Global South going beyond the traditional ODA structure, building on the role of private for profit sector, aid for trade instruments, strategic investment funds, sovereign wealth funds, climate change financing instruments, ‘marketized’ state-owned companies, national development banks, ethic banks, soft cooperation in South-South forms, venture and seed capital for development, microfinance, etc. as a potential game changer. Within a global framework in significant number of instruments have been developed and used going often beyond the classification of ODA as well as by country going beyond OCSE-DAC membership. This is creating a potential new geography of finance for development, set in 2015 also by the Addis Abeba Action Agenda and that every donor country is interpreting in various fashion and with various open and hidden agendas. In particular, this paper will conclude with the landscape of Italian international cooperation for development governance and funding mechanisms moving from traditional grant to financial support to private sector investments, thanks to a renewed Italian law for international cooperation L. 125/2014.

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