On 28 November 2022, OECD published the Multilateral Development Finance 2022 Report. The report provides an overview of challenges faced by the multilateral development system and presents policy recommendations for enhanced delivery on the 2030 Agenda, in the face of successive and mutually reinforcing confluence of crises. Covid-19 pandemic has underlined the central role played by the multilateral development system. Indeed, in 2020, the multilateral development system provided USD 185.1 billion, amounting to 41% of total ODA (up from 36% in 2010). Multilateral Development Banks (MDBs) accounted for 79% of the total USD 61.5 billion increase in multilateral financing between 2019 and 2020.
The main challenges identified in the report are the fact that the world has entered a more shock-prone era, with growing geopolitical polarization, which is leading to increased tensions in the multilateral space and at the same time, the legitimacy of the rules-based multilateral order is being challenged.
The report concludes with key policy recommendation for states, multilateral organizations and stakeholders.
– Develop a holistic vision for the multilateral system
– Provide sustainable and predictable funding
– Improve co-ordination
– Ensure that the needs and priorities of the poor and marginalized are considered
– Mainstream climate and biodiversity
The report also presents the multilateral development profile of countries, based on Development Assistance Committee (DAC) statistics. Greece provided 80% of development assistance through multilateral organizations in 2020, primarily through the EU. Greece’s earmarked multilateral assistance in 2020 was in the humanitarian sector (mainly to the EU Facility for Refugees in Türkiye).