Annalisa Prizzon

The Age of Choice: Developing Countries in the New Aid Landscape

The proliferation of new sources of finance and actors mean that developing countries now have a much larger range of financing options and choices but their implications for partner countries’ approaches to aid management are less clear. The chapter fills this gap by analysing the new challenges and opportunities for the cases of Cambodia, Ethiopia and Zambia. The analysis found that flows from non-traditional providers (NTPs) have increased significantly over the past decade; partner countries welcome more choice and more finance; ownership, alignment and speed of project delivery have been identified as key priorities; and countries such as Cambodia and Ethiopia are taking a strategic approach to the division of labour between traditional (DAC donors) and non-traditional providers (emerging donors and philanthropic organisations).

Debt relief initiatives 20 years on and implications of the new development finance landscape

ABSTRACT Having been on the verge of falling off development practitioners and analysts’ radar for nearly a decade, concerns about the ability to meet external obligations are rising, especially in those developing countries that benefited from debt relief in the past decade. This article reviews these issues by taking stock of some of the achievements of the Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI) to date and by reflecting on the extent to which the ‘new’ debt-creating development finance flows – emerging lenders, international sovereign bonds, and public–private partnerships – may jeopardise debt sustainability and the results achieved so far.

Development co-operation: New perspectives from developing countries – Introduction for special issue of Development Policy Review

The nature of development co-operation has changed rapidly in recent years. Developing countries have access to a more diverse range of financing sources, including non-traditional providers of bilateral development co-operation, new or emerging multilateral and regional institutions, philanthropic organizations and private investors. These changes raise pressing questions about how the policies and practices of external providers of development finance must evolve, both to meet changing development priorities and to ensure that the overall development assistance effort from all providers is optimal. This article introduces a special issue of Development Policy Review that presents new perspectives from developing countries on the roles that development finance should play. This introduction highlights commonalities and differences among the articles contained in the special issue, and concludes with next steps for research and policy.

An ‘age of choice’ for external development finance? Evidence from country case studies

The article presents findings from nine country case studies in sub-Saharan Africa and Asia, mapping the expanding access of partner country governments to external development finance beyond official development assistance. The article analyzes governments’ priorities for the terms and conditions of development finance flows they would like to access. The analysis finds that (1) Chinese official finance is the largest component of external development finance flows beyond official development assistance (ODA) in the countries analyzed, far larger than global figures would suggest, (2) partner countries welcome more choice and more finance, (3) countries identify ownership, alignment with national priorities, speed of project delivery, portfolio diversification as key priorities, and (4) the rise of providers such as China has increased the potential bargaining power of recipient countries vis-a-vis more traditional donors. This article is protected by copyright. All rights reserved.