Development funding is in crisis. What now? With Mark Suzman
The Economics Show
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Crisis in Development Financing
This chapter explores the ongoing crisis in development financing, tracing its roots from the 2002 Monterrey conference to the current impact of COVID-19, particularly the retraction of support from wealthier nations. It highlights the challenges faced by countries in the global South due to rising debt distress and a shift in funding priorities that jeopardizes essential human capital investments. The conversation also introduces the concept of blended finance as a potential strategy for enhancing investment in critical sectors, underscoring the need for tailored financial approaches to effectively mobilize resources.
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