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Post ODA Development Finance: Challenges and Prospects

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  • Hung Q. Tran

Abstract

Official Development Assistance (ODA) to developing countries has fallen in recent years to well below the UN target of 0.7% of developed countries’ gross national income. Global remittances have become the biggest inflow to poor countries, greater than ODA or foreign direct investment which has also declined. Against the backdrop of geopolitical tension between major powers, other countries including developing ones and development institutions have to do their parts in mobilizing development finance to assist low income countries. The challenge in doing so remains formidable in the foreseeable future.

Suggested Citation

  • Hung Q. Tran, 2025. "Post ODA Development Finance: Challenges and Prospects," Policy briefs on Economic Trends and Policies 2461, Policy Center for the New South.
    • Handle: RePEc:ocp:pbecon:pb59_25
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