Economics

Heterogeneity in financing for development strategies as a hindering factor to achieve a global agreement on the 2030 Agenda

A. Sianes, L. A. Fernández-portillo, et al.

Explore the evolving landscape of development finance in the context of the 2030 Agenda! This research by Antonio Sianes, Luis A. Fernández-Portillo, Adela Toscano-Valle, and Elena Pérez-Velasco uncovers the differing financing strategies among donor countries and poses critical questions about the potential for a unified global approach.

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Abstract

The 2030 Agenda has shifted the development aid system, yet there's no consensus on financing it. This paper examines the diverse financing for development (FfD) strategies of donor countries, focusing on ODA, remittances, philanthropic donations, and policy coherence for development. A hierarchical cluster analysis reveals four distinct groups of countries with differing FfD strategies, hindering a global agreement and questioning the feasibility of a common approach.

Publisher

Humanities and Social Sciences Communications

Published On

Nov 17, 2023

Authors

Antonio Sianes, Luis A. Fernández-Portillo, Adela Toscano-Valle, Elena Pérez-Velasco

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