Financing sustainable development: Shall we throw more money at the problem or start with doing better with existing resources?
Reforming development assistance and debt relief have been main threads in Geske Dijkstra’s notable professional career. We worked together on those issues over two decades ago while we were both at the International Institute of Social Studies (ISS). Plus ça change? Since the outbreak of the COVID-...
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| Format: | Book Chapter |
| Language: | Inglés |
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Erasmus School of Social and Behavioural Sciences
2023
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| Online Access: | https://hdl.handle.net/10568/140076 |
| _version_ | 1855531608417763328 |
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| author | Vos, Rob |
| author_browse | Vos, Rob |
| author_facet | Vos, Rob |
| author_sort | Vos, Rob |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Reforming development assistance and debt relief have been main threads in Geske Dijkstra’s notable professional career. We worked together on those issues over two decades ago while we were both at the International Institute of Social Studies (ISS). Plus ça change? Since the outbreak of the COVID-19 pandemic lowincome countries have been hit hard economically; first by the global recession induced by the public health related lockdowns, then by spikes in food, fuel and fertilizer prices associated with the recovery from the recession and pandemicrelated supply disruptions, and subsequently by further surges in food and fertilizer prices with the outbreak of the war in Ukraine. The capacity of poor nations’ governments to protect the livelihoods of their populations from the impacts of the multiple crises quickly eroded. Bilateral development assistance failed to come to a rescue, multilateral contingency financing mechanisms proved inadequate and fraught with old-fashioned, ill-conceived policy conditionality, and the lack of proper sovereign debt work-out mechanisms was painfully felt again as the number of low-income countries facing severe debt distress doubled during these years of crisis. Proper reforms on all these dimensions remain an unfinished agenda. In addition, yet another looming global crisis – climate change – is calling for transformative investments in production systems to stave off this existentialist threat and to set economies on sustainable development pathways. The calls for transformative change come with massive needs for additional (development) finance in magnitudes of hundreds of billions, if not trillions, of US dollars per year over the next couple of decades. However, the prospects for mobilizing new funding in such magnitude seem elusive if only considering the experience with creating new facilities for climate finance. |
| format | Book Chapter |
| id | CGSpace140076 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2023 |
| publishDateRange | 2023 |
| publishDateSort | 2023 |
| publisher | Erasmus School of Social and Behavioural Sciences |
| publisherStr | Erasmus School of Social and Behavioural Sciences |
| record_format | dspace |
| spelling | CGSpace1400762024-10-25T07:59:38Z Financing sustainable development: Shall we throw more money at the problem or start with doing better with existing resources? Vos, Rob coronavirus covid-19 resources sustainable development economics coronavirinae livelihoods coronavirus disease debt Reforming development assistance and debt relief have been main threads in Geske Dijkstra’s notable professional career. We worked together on those issues over two decades ago while we were both at the International Institute of Social Studies (ISS). Plus ça change? Since the outbreak of the COVID-19 pandemic lowincome countries have been hit hard economically; first by the global recession induced by the public health related lockdowns, then by spikes in food, fuel and fertilizer prices associated with the recovery from the recession and pandemicrelated supply disruptions, and subsequently by further surges in food and fertilizer prices with the outbreak of the war in Ukraine. The capacity of poor nations’ governments to protect the livelihoods of their populations from the impacts of the multiple crises quickly eroded. Bilateral development assistance failed to come to a rescue, multilateral contingency financing mechanisms proved inadequate and fraught with old-fashioned, ill-conceived policy conditionality, and the lack of proper sovereign debt work-out mechanisms was painfully felt again as the number of low-income countries facing severe debt distress doubled during these years of crisis. Proper reforms on all these dimensions remain an unfinished agenda. In addition, yet another looming global crisis – climate change – is calling for transformative investments in production systems to stave off this existentialist threat and to set economies on sustainable development pathways. The calls for transformative change come with massive needs for additional (development) finance in magnitudes of hundreds of billions, if not trillions, of US dollars per year over the next couple of decades. However, the prospects for mobilizing new funding in such magnitude seem elusive if only considering the experience with creating new facilities for climate finance. 2023-04-26 2024-03-14T12:08:53Z 2024-03-14T12:08:53Z Book Chapter https://hdl.handle.net/10568/140076 en Open Access Erasmus School of Social and Behavioural Sciences Vos, Rob. 2023. Financing sustainable development: Shall we throw more money at the problem or start with doing better with existing resources? In Crossing Borders: Liber Amicorum for Professor A. Geske Dijkstra, eds. Markus Haverland, Wil Hout and Michal Onderco. Part Two: Development Economics, Chapter 9, Pp. 83-95. Rotterdam: Erasmus School of Social and Behavioural Sciences (ESSB). https://pure.eur.nl/ws/portalfiles/portal/87080244/Liber_Amicorum_Geske_Dijkstra.pdf#page=87 |
| spellingShingle | coronavirus covid-19 resources sustainable development economics coronavirinae livelihoods coronavirus disease debt Vos, Rob Financing sustainable development: Shall we throw more money at the problem or start with doing better with existing resources? |
| title | Financing sustainable development: Shall we throw more money at the problem or start with doing better with existing resources? |
| title_full | Financing sustainable development: Shall we throw more money at the problem or start with doing better with existing resources? |
| title_fullStr | Financing sustainable development: Shall we throw more money at the problem or start with doing better with existing resources? |
| title_full_unstemmed | Financing sustainable development: Shall we throw more money at the problem or start with doing better with existing resources? |
| title_short | Financing sustainable development: Shall we throw more money at the problem or start with doing better with existing resources? |
| title_sort | financing sustainable development shall we throw more money at the problem or start with doing better with existing resources |
| topic | coronavirus covid-19 resources sustainable development economics coronavirinae livelihoods coronavirus disease debt |
| url | https://hdl.handle.net/10568/140076 |
| work_keys_str_mv | AT vosrob financingsustainabledevelopmentshallwethrowmoremoneyattheproblemorstartwithdoingbetterwithexistingresources |