Экономическая уязвимость и содействие международному развитию: распределение финансирования в период шоков 2020-2022 гг.

International Organisations Research Journal. 2024. Vol. 19. No. 3. P. 123–137.

Morozkina A.

COVID-19 Pandemics and sanctions against Russia greatly influenced the global economy, including developing countries. The first part of this research explores main macroeconomic trends in emerging economies, including decline of economic growth rates after shocks of 2020-2022, dynamics of external debt, government deficit, unemployment and inflation.

Huge increase of financing needs of developing countries on the background of financial constraints requires fine adjustment of the development assistance allocation system, especially from the multilateral agencies. Second part of the article highlights current situation in terms of usage of economic vulnerability as one of the criteria for allocation of concessional finance. This includes the most relevant experience of the Caribbean Development Bank and its concessional body Special Development Fund.

Absence of economic vulnerability as one of the criteria for aid allocation in most of the institutions increases risks for global economy as a number of vulnerable countries have an increasing financing gap. The third part of research present a simple attempt to evaluate potential financing allocation based on economic vulnerability and bring to a conclusion on underfinancing of a number of most vulnerable developing countries.

Keywords: содействие международному развитию, уязвимость, international development assistance, многосторонние банки развития, vulnerability, sanctions, multilateral development banks, экономический рост, пандемия COVID-19, санкции, COVID_19, EVI