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Redesigning International Co-operation Finance for Global Resilience

Authors: Inge Kaul
Source: OECD Development Co-operation Report
Year: 2020

Policymakers risk wasting the opportunity presented by the COVID-19 crisis to make the system of international cooperation fit to meet today’s and tomorrow’s global challenges. This chapter proposes a new architecture for this system comprising existing institutional arrangements for country-focused development assistance, a new pillar focused on the provision of global public goods, and a third pillar designed for global crisis response and stabilization. It discusses global public goods and their distinguishing features in detail and concludes with concrete suggestions to advance the proposed reforms.

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