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Development Challenges Series

The Future of Aid

London, September 16, 2011

Background:
As part of its multi-stakeholder engagement, the External Affairs' Department of the World Bank in Europe is organizing a series of dialogue on topics of interest to the development community at large. Through roundtables with stakeholders from government, civil society organizations, academia and think tanks, private sector and European-based multilateral organizations, the Bank is keen to learn more about European views, ideas and concerns on present-day development challenges and future scenarios.

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Features of the aid landscape
Participants underscored the following themes


There was broad agreement that official development assistance as it has been known for the last 50 years is at a crossroads. In particular, the "monopoly" of OECD-DAC partners over the aid landscape is being contested by new entrants and public support for traditional aid actors is under strain. Today's world calls for different engagement modes, partnerships and development models.

Key challenges for the development community


In short, the event led to a wide-ranging debate on a timely question with no readily available single answer, but with a series of recommendations on how to further advance this dialogue. To read more on the future of aid and related topics, go to the links provided in this page and to the World Bank Chief Economist Justin Yifu Lin's blog "Let's talk development"

 

 

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