The aid effectiveness campaign has succeeded in offering a set of operating principles and a process framework for making development assistance more transparent, effective, accountable and consultative. However, as climate change poses to be a significant threat to African countries, the prevailing modality to address adaptation and mitigation is the global fund, which is delivered directly to projects, bypassing partner countries’ public finance management systems and institutions.
Though there is great variation in the costs of adaptation, the estimates are monumental, ranging between US$75 - $100 billion annually; for Africa, approximately US$18 billion annually. There is an urgent need to fuse the gains made by the aid effectiveness movement with the goodwill and enthusiasm of global funds.
http://www.realityofaid.org/
Though there is great variation in the costs of adaptation, the estimates are monumental, ranging between US$75 - $100 billion annually; for Africa, approximately US$18 billion annually. There is an urgent need to fuse the gains made by the aid effectiveness movement with the goodwill and enthusiasm of global funds.
http://www.realityofaid.org/
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