Development finance to Southeast Asia continued its decline in 2022, with support for renewable energy also falling, according to a recent analysis.
Given the importance of external finance to development priorities in the region, the authors of the Southeast Asia Aid Map at Australia’s Lowy Institute think tank argued that a failure to reverse the trend could jeopardize the recovery from COVID-19 and development progress overall.
Notably, on climate, they wrote “despite the apparent prioritisation of climate-related [finance] by a host of development partners, there remain several negative signs.”