Project Info

Project Code
2023Z
Tranche
T12A
Tranche Type
Regular
Status
Closed
Title
Response and Recovery: Mobilising financial resources for development in the time of Covid-19

Entities

Implementing Entity (Lead)
UNCTAD
Jointly Implementing DA Entities
ECLAC
ESCAP
Other Collaborating Entities
Other UN entities

Financial and Evaluation Info

Total Budget
$1,115,290.00
Project Selected for Evaluation
No

Countries and Regions

Countries or Areas: Antigua and Barbuda, Costa Rica, Ethiopia, Jamaica, Kenya, Kyrgyzstan, Maldives, Pakistan, Philippines (the), Saint Lucia, Samoa, Sri Lanka, Zambia
Regions: Africa, Americas, Asia, Oceania
Sub-Regions:
Intermediate Regions:
Countries in Special Situations: Land Locked Developing Countries (LLDC), Least Developed Countries (LDC), Small Island Developing States (SIDS)

Areas of Work

SDG
1
2
3
4
6
7
8
9
10
13
SDG Targets
8.5
8.8
10.1
10.2
10.4
10.5
17.1
17.3
17.4
Thematic Clusters
Macroeconomics and Finance
Governance and institution building

Brief Description

Many developing countries face distinct limitations on their ability to mount appropriate stimulus packages for their economies as well as far greater challenges to their economies and societies arising from the COVID-19 crisis than is the case in the industrialized world. In many developing countries a large-scale lock-down of their economies to flatten the contagion curve of the pandemic is not feasible without risking the prospect of more people dying from hunger than from illness. The project, led by UNCTAD with the cooperation of ECLAC, ESCAP and other regional commissions as needed, will be organized through three distinct components that combine global macro-financial policy analysis with in-depth analysis of specific policy goals.

Objective and Expected Outcomes

Objective
To leverage and adapt existing macro-financial analytical tools and policy analysis to create enhanced capability for developing countries to diagnose their financing and liquidity needs arising from the COVID-19, and create enhanced capability to refine and implement sustainable financing, fiscal and other macroeconomic strategies, consistent with averting a prolonged depression in their economies.
Expected Outcome 1
Enhanced capability in beneficiary developing countries to undertake macro-financial needs assessments and identify possible policy responses to the COVID-19 shock, given pre-COVID funding gaps, current global challenges and the imperative of achieving the 2030 Agenda.
Expected Outcome 2
Enhanced capability in beneficiary developing countries to diagnose financial vulnerabilities and design debt strategies consistent with overcoming debt overhangs and attaining the SDGs as quickly as possible.
Expected Outcome 3
Enhanced capability in beneficiary developing countries to design macroprudential and fiscal policies to restore the development path towards achieving the 2030 Agenda.