Guarantees for Development

Mirabile, Mariana; Benn, Julia; Sangaré, Cécile

doi:10.1787/5k407lx5b8f8-en

Cited by 13 publications

(12 citation statements)

References 3 publications

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“…It highlights the need to move beyond forecasting towards establishing a monitoring framework to report mobilisation. The OECD Development Assistance Committee recently carried out a survey on 'Guarantees for Development' in the context of its work to modernise statistics on external development finance (Mirabile, Benn and Sangaré, 2013). The aim was to estimate the volume of private finance to developing countries mobilised by guarantee schemes.…”

Section: Assumed Lifespan Of Mobilisation Effectmentioning

confidence: 99%

“…Instead, they may be used at the institutional level to measure the strategic use of resources. This however raises the issue of encouraging public resources to be spent in relatively higher-income countries rather than lowestincome countries where the need for (public) external development finance is greatest (Mirabile, Benn and Sangaré, 2013).…”

Section: Assumed Lifespan Of Mobilisation Effectmentioning

confidence: 99%

See 1 more Smart Citation

Public Interventions and Private Climate Finance Flows: Empirical Evidence from Renewable Energy Financing

Haščič

Rodríguez

Jachnik

et al. 2015

OECD Environment Working Papers

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Section: Assumed Lifespan Of Mobilisation Effectmentioning

confidence: 99%

Section: Assumed Lifespan Of Mobilisation Effectmentioning

confidence: 99%

Public Interventions and Private Climate Finance Flows: Empirical Evidence from Renewable Energy Financing

Haščič

Rodríguez

Jachnik

et al. 2015

OECD Environment Working Papers

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“…This might lead to increased "efficiency" in terms of use of fewer public resources needed to mobilise private investment. But it could also result in decreased "effectiveness", as these resources might not be invested in the countries or activities most in need (Ellis et al 2013, Mirabile et al, 2013. Thus, the amount of private finance mobilised by public actors (and the various ratios that can be derived on that basis) should not be interpreted as reflecting their respective abilities to achieve effective and transformational climate action, which requires monitoring over time of both the catalytic effect of public interventions on private finance, as well of actual mitigation and adaptation results.…”

Section: 2020 Projections Of Climate Finance Towards the Usd 100 Bimentioning

confidence: 99%

2020 Projections of Climate Finance Towards the USD 100 Billion Goal

2016

Climate Finance and the USD 100 Billion Goal

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ForewordThis work was undertaken in response to a request to provide analytical support to the preparation by developed countries of a roadmap for meeting the commitment of jointly mobilising USD 100 billion per year by 2020 for climate action in developing countries.This technical note was prepared by staff members from the OECD Environment and Development Co-operation Directorates 1 and aims to set out as transparently and rigorously as possible the methodology and assumptions underlying the projections of climate finance in 2020 presented here. It is published under the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of OECD member countries or the international organisations and other institutions referenced in this note. The authors are, however, grateful to the countries and institutions that have shared information to help interpret their climate finance pledges.This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.Please cite this publication as: OECD (2016) Developed countries committed to mobilise jointly USD 100 billion a year in climate finance by 2020 to address the needs of developing countries, in the context of meaningful mitigation actions and transparency on implementation (UNFCCC, 2009). "Climate finance in 2013-14 and the USD 100 billion goal" (OECD, 2015) provided estimates of progress towards this commitment. Several countries and multilateral development banks 2 recently pledged to scale up the climate finance they provide in future. This note provides an analysis of what the current pledges 3 imply about climate finance levels in 2020, conscious that any such projections are inherently uncertain, made at a specific point in time and incomplete in some respects. It also briefly discusses climate finance in the broader context of development finance and mainstreaming.The methodology used here takes as a starting point the accounting framework set out in OECD (2015). The projection of developed countries' public finance in 2020 is based on an analysis of pledges made so far by developed countries and multilateral institutions, as well as a number of assumptions detailed in the body of this note. On this basis, developed countries' public finance in 2020 is projected to be close to USD 67 billion (approximately USD 37 billion of bilateral public finance and USD 30 billion of multilateral public finance attributable to these countries). In addition to the USD 67 billion, the projection includes the value of export credits 4 at the average annual level observed in 2013-14 of USD 1.6 billion.Mobilised private finance in 2020 cannot be projected with the same degree of confidence as public finance. Indeed, conceptually these two elements are of a very different nature. This note, therefore, provides a projected overall rang...

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“…• The need for the current OECD-DAC system to better reflect and incentivise the ways in which donors are engaging with the private sector, including through the use of marketlike instruments such as risk guarantees and equities. Work has already been carried out in developing a modern Development Assistance Committee (DAC) taxonomy of financial instruments and methodologies to measure private-sector resources mobilised through public actions, for example through guarantees (Mirabile et al, 2013).…”

Section: Aid Can Be Used To Leverage New Sources Of Development Finanmentioning

confidence: 99%

(Q.4) External resource flows to fragile states, 2000-12

2015

States of Fragility

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opinions expressed and arguments employed herein do not necessarily reflect the official views of OECD member countries.This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. ISBN 978-92-64-22178-9 (print) ISBN 978-92-64-22769-9 (PDF) Revised edition, June 2015 Details of revisions available at: www.oecd.org/about/publishing/Corrigendum- States-Fragility-2015.pdf.The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of international law.Photo credits: Cover © Thijsvrijstaat | Dreamstime.com.Corrigenda to OECD publications may be found on line at: www.oecd.org/about/publishing/corrigenda.htm. © OECD 2015You can copy, download or print OECD content for your own use, and you can include excerpts from OECD publications, databases and multimedia products in your own documents, presentations, blogs, websites and teaching materials, provided that suitable acknowledgment of the source and copyright owner is given. All requests for public or commercial use and translation rights should be submitted to rights@oecd.org. Requests for permission to photocopy portions of this material for public or commercial use shall be addressed directly to the Copyright Clearance Center (CCC) at info@copyright.com or the Centre français d'exploitation du droit de copie (CFC) at contact@cfcopies.com. Please cite this publication as:OECD (2015) Ya s m i n A h m a d , E l e n a B e r n a l d o, Va l é r i e G ave a u , C é c i l e S a n g a r é a n dGiovanni Maria Semeraro (OECD) provided DAC statistics and analysis. Gregory De Paepe, L e n a D i e s i n g , E m i ly E s p l e n , L u c i e Fa u ch e r re, D o n a t a G a r ra s i , S i a f a H ag e, Any errors or omissions remain, however, the authors' responsibility.The OECD would also like to thank the World Bank's Fragility, Violence and Conflict Group in Nairobi for hosting a regional consultation on the draft report's findings in December 2014 that brought together practitioners, researchers and other experts on Africa and Latin America. Thanks to their feedback, we were able to refine our findings. EditorialThis year has the potential to be a turning point in the history of poverty reduction. As the end of the Millennium Development Goals (MDG) draws closer, we are witnessing progress given that extreme poverty has been halved worldwide, although the majority of States of Fragility 2015 is published at an important time for international development cooperation. In 2015, the world's governments will agree on a successor framework to the Millennium Development Goals (MDGs). This framework will be more ambitious than ever, requiring in turn more urgent efforts to reduce the persistent pove...

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Guarantees for Development

Cited by 13 publications

References 3 publications

Public Interventions and Private Climate Finance Flows: Empirical Evidence from Renewable Energy Financing

Public Interventions and Private Climate Finance Flows: Empirical Evidence from Renewable Energy Financing

2020 Projections of Climate Finance Towards the USD 100 Billion Goal

(Q.4) External resource flows to fragile states, 2000-12

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