Outlook 2021: effective multilateralism under the UN will be crucial
By Eurodad
The combination of a lack of ambition to boost aid budgets and the belief that private actors will be able to fill the gap needed to meet the Sustainable Development Goals has led to an increase in the use of aid to subsidise the private sector. Blended finance mechanisms - which combine official development assistance (ODA) with other private or public resources - have been a common modality despite insufficient evidence of their impact on eradicating poverty and inequalities and contributing to environmental protection and development.