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What would it take for private capital to replace ODA?

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  • Ishac Diwan

Abstract

The global financial crisis has been exacerbated by a systemic debt crisis in low‐ and lower‐middle‐income countries. The Global Financial Safety Net (GFSN) has a role in resolving the debt crisis. However, improving the capacity of indebted countries to cope with market swings and how to make markets a useful source of finance for long‐term development remains a challenge looking for a solution. In addition to a larger GFSN, it is essential to develop rules that facilitate debt refinancing during outturns.

Suggested Citation

  • Ishac Diwan, 2025. "What would it take for private capital to replace ODA?," Development Policy Review, Overseas Development Institute, vol. 43(5), September.
    • Handle: RePEc:bla:devpol:v:43:y:2025:i:5:n:e70034
    DOI: 10.1111/dpr.70034
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