Hide
Show all
Email this article 
Official development assistance: current state and trends
Abstract
Changes in the size of official development assistance have been analyzed. Needs for the financing of sustainable development have been studied. Trends have been identified and priority areas for external assistance have been established.
Introduction. Official development assistance is one of the most important sources of external financing for sustainable development. It enables financial and technical cooperation with developing countries.
Objective. The paper's objective is to analyze the current state and identify trends in the official development assistance to developing countries.
Methods. The study uses the methods of economic and statistical as well as comparative analysis (for analyzing the current state of and identifying the trends in official development assistance), the graphical method (for visualizing changes in the size of external assistance), and the abstract and logical method.
Results. The main aspects of official development assistance have been presented. The current state of external assistance has been analyzed. The trends in the provision thereof have been identified. A gap between allocated aid and commitments of donors has been identified, notwithstanding an increase in aid to developing countries. It has been determined that: bilateral aid comprises the largest share in the total volume of aid; the largest volume of aid has been directed to the social sector; countries in Africa south of the Sahara are the main recipients of aid; countries that mostly need financial assistance are the least developed countries and countries with low levels of income. Estimated financing needs for sustainable development have been reviewed. Priority areas have been established for external assistance.
Scientific novelty. Taking into account the identified trend of the lack of financial resources, which necessitates the increase of official development assistance and the fulfillment of commitments made by donor countries, will help identify priority areas for funding sustainable development.
Practical value. The practical significance of the findings consists in the possibility of using them for determining the overarching priorities in the financing of sustainable development of regions which most need assistance.
Keywords
Full Text:
References
Transforming our world: the 2030 Agenda for Sustainable Development: Resolution adopted by the General Assembly on 25.09.2015. (2015). Retrieved from : http:// www.un.org.
United Nations Millennium Declaration. (2000). Retrieved from : http:// www.un.org.
Addis Ababa Action Agenda of the Third International Conference on Financing for Development: Resolution adopted by the General Assembly on 27 July 2015. (2015). Retrieved from : http://www.un.org.
Аhmed, М. (2008). The Next Frontier Low-income countries gain ground in a globalized world, but they still face major challenges. Finance & Development, 45/3, 9-14.
Deutscher, Е. & Fyson, S. (2008). Improving the Effectiveness of Aid – Finance & Development, 45/3, 15-19.
Mavlanov, I. R. (2011). Diplomatiia sodeistviia mezhdunarodnomu razvitiiu [Diplomacy of international development assistance]. Vestnik MHIMO, 6, 107-118.
Dehterev, D. А. (2011). Osnovnyie podhody k okazaniu sodeistviia mezhdunarodnomu razvitiiu [The main approaches to the provision of international development assistance]. Vestnik MHIMO, 4, 99-103.
Zaitsev,Yu. К. (2011). Mnohostoronniie mehanizmy upravleniia protsesami sodeistviia mezhdunarodnomu razvitiiu [Multilateral mechanisms for managing processes of international development assistance]. Vestnik MHIMO, 5, 67-76.
Kapitsa, L. M. (2012). Rol pomoshchi mezhdunarodnomu razvitiiu v dostizhenii tseley i zadach, postavlennyh v Deklaratsii tysiacheletiia [The role of international development assistance in achieving goals and objectives the Millennium Declaration]. Vestnik MHIMO, 2, 39-46.
Report of the Intergovernmental Committee of Experts on Sustainable Development Financing. (2014). Retrieved from http://www.un.org.
Rohach, O. І. (2003). Mizhnarodni finansy [International Finance]. Retrieved from : http://libfree.com.
Ofitsialnaia pomoshch razvitiiu [Official assistance for development]. Retrieved from : http://www.rcicd.org.
Development Co-operation Report. (2015). Retrieved from: http://www.oecd-ilibrary.org.
The Millennium Development Goals Report. (2015). Retrieved from: http://www.un.org.
DAC REPORT ON MULTILATERAL AID. (2015). Retrieved from: http://www.un.org.
OECD. Stat. (2015). Retrieved from: http://stats.oecd.org.
Taking Stock of the Global Partnership for Development: MDG Gap Task Force Report. (2015). Retrieved from: http://www.un.org.
The Global Partnership for Development: The Challenge We Face: MDG Gap Task Force Report. (2013). Retrieved from http://www.un.org.
Article Metrics
Metrics powered by PLOS ALM
Refbacks
- There are currently no refbacks.
Copyright (c)
Articles are distributed under Creative Commons Attribution International 4.0 (CC-BY-NC 4.0)
Science Works Journal "Ekonomichnyy analiz"
ISSN 1993-0259 (Print) ISSN 2219-4649 (Online) DOI: 10.35774/econa
© West Ukrainian National University
© «Ekonomichnyy analiz», 2007-2023