10 Jun 2014
Kishan Khoday, Practice Leader for Environment and Energy
Syrian refugees in Zaatari camp in the village of Zaatari, Jordan. photo: UNDP
Recent years have seen dramatic changes in the Arab region and two aspects in particular are important for the region’s relationship with issues of development finance.
First, the expanding role of the region itself as a provider of official development assistance (ODA), with the Arab Gulf countries providing more than $3 billion to countries around the world each year - Saudi Arabia alone provided over $100 billion to almost 90 countries since the 1970s.
While the volume of Arab ODA has attracted attention, important issues for the future will be a growing focus by Arab partners on development effectiveness, alignment with post-2015 priorities like sustainable access to energy and water, and applying social and environmental quality standards to manage risks in recipient countries.
Furthermore, while most Arab ODA has operated through bilateral cooperation channels and Arab multilateral platforms in the past, there are benefits to connectivity with other Southern donors. The centre of gravity in the global economy is shifting East at speed, and this means shifting lines of development cooperation as well.
Strategic alliances between Asian and Arab donors could be a powerful force for the common goal of supporting new development solutions in Africa, with both Arab and Asian …