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Development Finance Architecture:What are the Institutional Challenges?
Inge KaulOffice of Development Studies (ODS)
United Nations Development Programme (UNDP)
OECDOECD
Paris – 4 July 2006Paris – 4 July 2006
* The views expressed are those of the author and do not necessarily reflect those of the organization * The views expressed are those of the author and do not necessarily reflect those of the organization with which she is affiliated. Please, send comments to with which she is affiliated. Please, send comments to [email protected]@undp.org. .
Multiplication and diversification of international financing mechanisms
Rise in the number of global public private partnerships
1 1 1 2 3 3 5 8 16
121
231
0
50
100
150
200
250
up to1865
1865-1885
1885-1906
1906-1921
1921-1947
1947-1958
1958-1968
1968-1978
1978-1988
1988-1998
1998-2005
GPP
Ps p
er p
erio
d
0
50
100
150
200
250
300
350
400
450
GP
PPs c
umul
ativ
e
GPPPs per period GPPPs cumulative
The phasing of aid instruments
The many roads to global equity for development
Intergovernmental cooperation in support of GPGs follows a subsidiarity principle
National-levelintervention
Market-based intervention
Regulatory intervention
Incentive provision
• on specific projects
Non-financial interventions
Financialinterventions
Global public good provision is subject to intense screening, minimizing international-level interventions, especially interventions with financial implications for national governments
Internationallevel
Morepreferred
Leastpreferred Direct
spending on:
• open-endedprojects
Selected financing mechanisms supporting international cooperation, 1930-present
Differences between aid and financing for global public goods