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Motives for Sovereign Funding Allocation in the Eurasian Region: The Case of USAID and ADB

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  • M. A. Esayan

  • A. K. Morozkina

Abstract

In the context of budget constraints, the allocation of development finance is one of the important research questions. This article proposes a study of the allocation of sovereign financing in the Eurasian region in 2008-2022 using new data (the Eurasian Fund for Stabilization and Development (EFSD) sovereign financing database). The analysis shows that the most vulnerable countries of the region (Kyrgyzstan, Tajikistan) are not among the key recipient countries, on the contrary, most of the funds are directed to the most developed countries of the region Armenia, Georgia, Kazakhstan. To assess the efficiency of funding allocation, an index of the “fair†share of aid for key recipient countries was calculated. The results of the study show a low share of “fair†aid, therefore, a weak orientation of donor countries to the problems in the countries of the region. In particular, it was revealed that there is a gap between the “fair†distribution of aid and the actual distribution, which indicates the need to revise the existing mechanisms for the provision of development finance.

Suggested Citation

  • M. A. Esayan & A. K. Morozkina, 2026. "Motives for Sovereign Funding Allocation in the Eurasian Region: The Case of USAID and ADB," Outlines of global transformations: politics, economics, law, Center for Crisis Society Studies, vol. 18(4).
    • Handle: RePEc:ccs:journl:y:2026:id:1980
    DOI: 10.31249/kgt/2025.04.10
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