"Funds for Development: Multilateral Channels of Concessional Financing" ed. by Gerd Droesse

This book examines the concessional windows of multilateral financial development institutions. It also looks into trust funds, multipurpose vehicles, special facilities, and financial intermediary funds. It also analyzes different paradigms of organizational structures and the close connection between such structures and the institutional frameworks governing matters such as membership, representation in governing bodies, decision-making procedures, and voting rights—all of which play a part in the shaping of aid discussions.
In navigating the ever-increasingly complex landscape of aid architecture, this book is a valuable guide for all persons interested in concessional financing and the law of international organizations.



It is an extensive study of the legal frameworks of such concessional windows, their modalities of concessional financing, resource structures and replenishment procedures, and analyzes how such replenishment efforts are implemented and impact on the development activities of these institutions.

Contents
Preface
Abbreviations
Introductory Remarks and Overview of Publication: Proliferation, Fragmentation,
and Earmarking of Concessional Financing
by Gerd Droesse
Introduction
Four Generations
Overview
Conclusions
1 Concessional Resources and Development Thought
by Peter McCawley
Introduction
Beginnings
Policies
A New Decade
Conclusion
2 Organizational Structures, Institutional Frameworks, and Decision-Making Procedures
of Multilateral Concessional Financing
by Gerd Droesse
Introduction
Organizational Structures
Organizations Providing Financing Only on Concessional Terms
Groups with Affiliated Organizations Providing Concessional Financing
Organizations with Built-in Soft Loan Facilities
Special Funds, Ordinary Capital Resources, and Special Programs as Sources
of Concessional Financing
Trust Funds
Institutional Structures
Governance
Future Perspectives
Appendix
3 Modalities of Multilateral Concessional Financing
by Gerd Droesse
Introduction
Legal Framework of Concessional Financing
Classification, Eligibility, Access, and Allocations
Modalities of Concessional Financing
Replenishment Processes and Bridging Arrangements
Implementation of Replenishments
Financial Management
Conclusions
4 Concessional Financing of the Asian Development Bank:
The Asian Development Fund and Other Channels of ADB Concessional Financing
by Gerd Droesse
Channels of Concessional Financing
History
ADB’s Special Funds Resources
Trust Funds and Special Facilities
Organizational Structure
Legal Framework of Asian Development Fund Resources
Resources of the Asian Development Fund
Asian Development Fund Replenishments
Modalities of Concessional Financing
Financial Management of Asian Development Fund Resources
Special Institutional Arrangements
Future Perspectives
Appendixes
5 The Concessional Financing Windows of the African Development Bank Group:
Organization, Decision Making, and Modalities
by Adesegun Akin-Olugbade and Augustin Flory
Abstract
Introduction
History of the Bank Group’s Concessional Financing Windows
Organizational (Governance) Structures of the Bank Group’s
Concessional Financing Windows
Legal Framework
Resource Mobilization and Replenishment Process
Separation of Resources
Modalities of Concessional Financing
Financial Management
Special Arrangements
Overview of Replenishments of the African Development Fund
Proposed Reforms
Conclusion
Appendixes
6 The Unified Special Development Fund of the Caribbean Development Bank
by Yvette Lemonias Seale, William Warren Smith, and Adrian Debique
Introduction
Historical Background
Organizational Structure
Institutional Arrangements and Decision-Making Procedures
Overview of Various Replenishments
Conclusion
Appendixes
7 Multilateral Concessional Financing of the International Fund for
Agricultural Development
by Vera P. Weill-Hallé, Cynthia Licul, and Itziar García Villanueva
Introduction
Objectives and Functions
Organizational Structure
Vote Allocation System
Legal Framework of IFAD Resources
Modalities of Financing Activities
Financial Management of IFAD Resources
Replenishment of Resources
Procurement
Special Programs
8 The Global Environment Facility: Institutional and Operational Aspects
by Maurizio Ragazzi
Introduction
Institutional Aspects
Operational Aspects
Conclusion
9 A Practical Guide to Creating a Collective Financing Effort to Save the World:
The Global Environment Facility Experience
by Sophie Smyth
Introduction
The Establishment of the Global Environment Facility
and the Global Environment Trust (1991): A Pilot Phase
The First Replenishment Process (1992–1994):
A Major Restructuring and Shift in Power
The Second Replenishment Process (1997–1998):
The Articulation of Process and Principles
The Third Replenishment Process (2000–2002):
The Seven-Year Itch
The Fourth Replenishment Process (2005–2006):
The Dominance of Programming Policy
Further Fragmentation and Ongoing Developments
Conclusion
10 Global Fund to Fight AIDS, Tuberculosis and Malaria: A New Legal and Conceptual
Framework for Providing International Development Aid
by Anna Triponel
Introduction
Background
An Innovative Legal Status
Organizational Arrangements
Concessional Financing Modalities
Mobilizing Resources
Conclusion