International development cooperation

International development cooperation is a crucial component of the COVID-19 response, especially in supporting efforts of the poorest and most vulnerable countries to respond to the pandemic and the resulting economic crisis. Development cooperation provides a vital countercyclical flow in times of crisis and can help fight poverty and prevent inequality from worsening within and between countries. At the same time, there is also fiscal pressure on donor budgets due to the pandemic. While some major donors increased their development cooperation budgets, others succumbed to domestic fiscal pressure and cut official development assistance (ODA).

Sustainable Development Goals:

Partnerships for the Goals