《THE FUTURE OF EDEVELOPMENT FINANCING CHALLENGES AND STRATEGIC CHOICES》

1 The Inheritance: Evolution of the International Development System and of Development Financing1

The evolution of the concept of development1

Institutional changes in the international development system4

The evolution of development financing mechanisms9

Main defining characteristics of the international development system at the end of the twentieth century17

2 Attempted Change: Recent Attemps to Transform the International Development Financing Architecture22

Reforms in the United Nations24

Reform of the International financial institutions27

Reforms and recent developments in bilateral agencies34

The EU aid reforms40

Emerging initiatives in development financing44

Major opportunities and threats for the future of international development financing47

3 Building Scenarios for International Development Finance50

Introduction50

Institutional arrangements57

Financing instruments66

Capacity to mobilize financial resources90

International political economy and political viability100

4 The Shape of Things to Come: Scenarios and TheirPolicy Implications117

Interactions between the scenario components117

Scenarios for the international development financing system118

A framework for strategic choices150

5 Concluding Remarks: Strategy, Commitment and Prospects179

Strategic options: taking stock and moving forward181

The way forward: radical instrumentalism188

Notes and References190

Bibliography199

Annex A: Development Financing 2000 Reports211

Annex B: Country Classification Scheme: Approach, Methodology and Results221

Index233