President, Global Policy & Advocacy, and Chief Strategy Officer, Bill & Melinda Gates Foundation
President, Center for Global Development
Chief Operating Officer and Senior Fellow, Center for Global Development
Antoinette Monsio Sayeh
Former Director, African Department, IMF and Former Finance Minister, Liberia
Vice President of Communications and Policy Outreach, Center for Global Development
In the current political and economic climate, donor governments are under pressure to reduce and spend foreign aid budgets as efficiently and effectively as possible.
Aid remains a critical driver of progress. Yet at the same time, aid is increasingly NOT how the world pays for development; even the annual total of around $160 billion in overseas development assistance (ODA) represents a small and declining share of all global development finance. Private investment flows and developing countries' own public resources dwarf ODA. And while organizations like the World Bank and the UN still have top billing, commitment to their core missions appears to be weakening and regional alternatives are on the rise.
Given these considerations, what is the future of development finance?
Following opening remarks, Mark Suzman, President, Global Policy & Advocacy and Chief Strategy Officer at the Bill & Melinda Gates Foundation, will join CGD president Masood Ahmed and CGD fellows Amanda Glassman and Antoinette Sayeh for a discussion on what aid is achieving, how governments can prioritize aid spending by focusing on what works, how to make the full set of funding options work better together for development, and what happens if donor governments' generosity dries up.