As the world continues to face severe challenges including high inflation, worsening financial conditions, spillovers from Russia’s invasion of Ukraine, intensifying humanitarian crises, and the lingering effects of the COVID-19 pandemic, many of the Sustainable Development Goals (SDGs) are off track, and the World Bank has declared the goal of eradicating global poverty by 2030 out of reach. These challenges have renewed calls for greater financial support, a more effective international architecture, and greater multilateral cooperation to address cross-border challenges.
In response, demands on external financing and foreign aid grow. Official development assistance (ODA) in particular is being stretched across competing priorities. As the Organisation for Economic Co-operation and Development’s Development Assistance Committee (OECD DAC) Chair Susanna Moorehead’s four-year term comes to an end, she will join CGD President Sir Masood Ahmed to discuss lessons learned from her term, views on development today, and advice for development cooperation in the future.