The global flows of Official Development Assistance (ODA) have been significantly disrupted by the ongoing coronavirus pandemic. International multilateral donors have redirected a large share of their resources to fund COVID-19 response efforts, designed to stabilize the economic, social, and health sectors of developing countries. Some bilateral donors, on the other hand, have cut their foreign aid and redirected the funds to finance internal needs.
In the context of the high uncertainty of the market, DevelopmentAid, in its role as the leading provider of business intelligence in the development sector, announces an exclusive webinar on projections for the evolution of aid flow.
The event, “DevelopmentAid’ s projections on the evolution of Official Development Assistance”, will provide attendees with a better understanding of how the ODA market will evolve in the coming years. Consultancy companies, experts, and various stakeholders working in the development sector will learn what to expect in terms of possible funding dynamics from the largest bilateral and multilateral donors.
DevelopmentAid – the leading provider of business intelligence in the aid sector
DevelopmentAid has been assisting all those operating in the international development and cooperation sector for more than a decade. The set of tools and services offered by DevelopmentAid has diversified and evolved significantly over this period as donors themselves have diversified their approach and policies.
Currently, the platform serves as a one-stop shop for donors, consulting organizations, individual experts, and recruiters assisting them through all the stages of the public procurement cycle. Furthermore, the continuous processing of large amounts of information allows the company to build unique sets of data that can be used to analyze and project a number of important variables related to the international development assistance flows.
Key findings on ODA flows and trends
ODA represents flows of funds provided by developed states or by their executive agencies (e.g., USAID) to poor countries to promote economic growth and wellbeing. It includes grants, loans, and other forms of assistance. The ODA flows increased by 14% in 2020 compared to 2014, reaching US$157 billion. During the seven-year period analyzed, the lowest levels of ODA flows were reached in 2015 when international donors contributed US$131.6 billion and the maximum value was registered in 2020 at US$157 billion.
In all probability, the ongoing COVID-19 pandemic and the consequent budget adjustments by national governments will influence future ODA dynamics and trends. In what way? Join the exclusive webinar to find out the answer to this question.
Fig.1. Total ODA flows (2014-2020, billion US$)
Source: OECD, World Bank, and government sources.
Market dynamics
International donors use bilateral and multilateral channels to deliver aid to developing countries. While bilateral transactions are initiated and completed by governments or executive agencies, multilateral transactions are governed by multilateral organizations. DevelopmentAid currently monitors 217 international donor organizations (multilateral and bilateral) including the majority of the European Commission’s (EC) directorates.
The current projections on ODA flows suggest that the majority of bilateral donors will continue to increase their ODA contributions with the United States, Germany and Canada expected to demonstrate the highest growth. On the other hand, projections for the United Kingdom highlight a significant decrease in ODA flows with a probable recovery to pre-pandemic levels, not until 2025.
Fig.2. Projections of ODA levels for key bilateral donors (2015-2025, billion US$)
Join an exclusive webinar on aid evolution projections
DevelopmentAid invites you to attend an exclusive webinar, “DevelopmentAid’ s projections on the evolution of Official Development Assistance”, that will take place on 2 December 2021 at 4 pm (Brussels)/10 am (Washington DC).
Speaker: Sergiu Casu, Head of Business Development, DevelopmentAid. Sergiu joined DevelopmentAid in 2010 and led its remarkable growth from a three-person start-up to over 200 employees today. In 2017, DevelopmentAid became the world’s leading service provider in the field of international development. Prior to joining DevelopmentAid, Sergiu worked for multiple international organizations and government institutions as well as in the private sector. During his career, Sergiu has visited over 30 countries for business-related activities. He speaks four languages fluently: English, Russian, Romanian and Italian.
Speaker: Mircea Chiriac, Market Research & Analysis, DevelopmentAid. Mircea is a highly-skilled researcher and international development professional with a vast history of working in the information technology and services industry. He has strong business analysis and marketing skills. For the last 10 years, Mircea has led DevelopmentAid’s research unit focusing on development finance flows and trends. He holds a Ph.D. degree in research from the Ca’ Foscari University of Venice, Italy.
Host: Ion Ilasco, External Relations & Events, DevelopmentAid
The speakers will delve into statistics and the effects of these numbers on international development. You will also learn about DevelopmentAid’s research unit, its mission, and its internal capabilities.
