Papers by Cecilia Piemonte
OECD Development Co-operation Working Papers, 2019
Section 1 introduces the concepts of transition and transition finance, the main thrust of this p... more Section 1 introduces the concepts of transition and transition finance, the main thrust of this paper, with a focus on external finance in particular from the perspective of the DAC. Section 2 raises the question of what happens with financing for sustainable development when countries transition. Building on the holistic approach to FSD that has been promoted, among others, by the Addis Ababa Action Agenda and the recent Global Outlook on Financing for Sustainable Development (OECD, 2018[1]), this section develops a methodology to assess the relative weight and role of different sources of external finance as countries transition. It observes major trends (what happens with each source as the country becomes richer) and dynamics (how do different sources interact and substitute with each other) that allows for the identification of expected finance mixes at different stages of transition.
OECD Development Co-operation Working Papers, 2020
This document, as well as any data and any map included herein, are without prejudice to the stat... more This document, as well as any data and any map included herein, are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.
OECD development co-operation working papers, Feb 17, 2020
Background In the communiqué issued at its 2017 High Level Meeting, the Development Assistance Co... more Background In the communiqué issued at its 2017 High Level Meeting, the Development Assistance Committee (DAC) set an objective for itself "to better understand the broad catalytic effect of official support and other resources by understanding the interlinkages among official development assistance (ODA), partner countries' domestic resources, private investment, remittances, philanthropy, trade finance and export credits, and other sources of finance", and to "continue to collaborate with other experts within the OECD and beyond in order to have a global overview and outlook on financing for development" (para 15). Responding to this call, the OECD Development Cooperation Directorate (DCD) developed a new work stream on transition finance and set the scene with the publication of a working paper1 that outlines the analytical basis of this new framework. The methodological paper sets out an "ABC framework" for transition finance diagnostics, which involves: Assessing the transition context in the country; Benchmarking the substitution effects between public, private, domestic and international resources; and Counselling on how development partners can help phase out ODA and secure the progressive growth of other sources of finance. The DCD has carried out five pilot studies on countries facing different transition challenges: Cabo Verde, Zambia, Uganda, Lebanon, and Viet Nam. This Chile pilot study explores the financial challenges faced by a country transitioning out of the DAC list of ODA recipients (i.e., moving from an upper middle-income country to a high-income country category). Chile's experience described in the following pages can help other transitioning countries to manage their own "graduation" from the DAC list. This experience is also useful to develop recommendations to the DAC on how to better manage a smooth phasing out from ODA.
OECD development co-operation working papers, Apr 16, 2021
This document, as well as any data and any map included herein, are without prejudice to the stat... more This document, as well as any data and any map included herein, are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.
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Papers by Cecilia Piemonte