The COVID-19 pandemic has created a series of simultaneous and reinforcing shocks that has exposed and exacerbated economic, financial and debt vulnerabilities of low- and middle-income developing countries (LICs and MICs). Mobilizing financial resources for responses to and recovery from the pandemic is essential so that progress towards the Sustainable Development Goals (SDGs) is not undone.
This platform is a resource where member states, experts and the public can access diagnostic tools, policy analysis and recommendations, as well as evaluate the policy responses designed to ensure a recovery aligned with a sustainable development path.
The project Response and Recovery: Mobilising financial resources for development in the time of COVID-19 is co-ordinated by the Debt and Development Finance Branch of UNCTAD and jointly implemented with ECA, ECLAC and ESCAP.
The project delivers a number of tools, research analysis and policy recommendations, covering 193 countries in the world. This global map gives an overview of 9 workstreams of the project per country.
Dotted line represents approximately the Line of Control in Jammu and Kashmir agreed upon by India and Pakistan. The final status of Jammu and Kashmir has not yet been agreed upon by the parties.
Macro-financial needs assessments following the COVID-19 shock
The Global Policy Model
The Global Financial Safety Net (GFSN) Tracker
Financial Conditions Indicator (FCI)
Response & Recovery I
Debt strategies and financing instruments
Sustainable Development Finance Assessment (SDFA)
Revitalizing Soft Law Frameworks for Responsible Borrowing and Lending
Innovative Financing Instruments and Initiatives of the FfD Agenda
Response and Recovery II
Macroprudential and Fiscal policies to restore development
Capital Account Management
Leveraging Fiscal Space
UNCTAD-ECLAC Experts Workshop on Financial stability, macroprudential regulation and international capital flows
In the first phase of the project, ECLAC commissioned studies on experiences with capital account management measures in Africa, Asia-Pacific, and Latin America and the Caribbean to draw policy recommendations for developing countries to maintain policy space and stem the potentially harmful effects of unregulated capital flows on the financial and real sectors both during the crisis and the recovery.
Intergovernmental Expert Group on Debt and Development Finance
The fourth session of the Intergovernmental Group of Experts on Financing for Development will be held from 25 to 27 January 2021 in room XIX of the Palais des Nations, Geneva, from 11 a.m. to 1 p.m. and 3 to 5 p.m. each day.
At the fourth session, discussions will address the following: Addressing systemic issues – strengthening the coherence and consistency of multilateral financial, investment, trade and development policy