Motives for Sovereign Funding Allocation in the Eurasian Region: The Case of USAID and ADB
https://doi.org/10.31249/kgt/2025.04.10
Abstract
In the context of budget constraints, the allocation of development finance is one of the important research questions. This article proposes a study of the allocation of sovereign financing in the Eurasian region in 2008-2022 using new data (the Eurasian Fund for Stabilization and Development (EFSD) sovereign financing database). The analysis shows that the most vulnerable countries of the region (Kyrgyzstan, Tajikistan) are not among the key recipient countries, on the contrary, most of the funds are directed to the most developed countries of the region Armenia, Georgia, Kazakhstan. To assess the efficiency of funding allocation, an index of the “fair” share of aid for key recipient countries was calculated. The results of the study show a low share of “fair” aid, therefore, a weak orientation of donor countries to the problems in the countries of the region. In particular, it was revealed that there is a gap between the “fair” distribution of aid and the actual distribution, which indicates the need to revise the existing mechanisms for the provision of development finance.
Keywords
sovereign financing,
Eurasian region,
“fair share” index,
absolute poverty,
Eurasian Fund for Stabilization and Development,
USAID,
Asian Development Bank
Supporting agencies: The article was prepared within the framework of the project “International academic cooperation” HSE University.
About the Authors
M. A. Esayan
National Research University Higher School of Economics
Russian Federation
Russian Federation
Marianna A. Esayan, Independent Expert, BA (Faculty of World Economy and International Politics)
Malaya Ordynka Street, 17, Moscow, 101000
A. K. Morozkina
Politics National Research University Higher School of Economics;
Financial Research Institute of the Ministry of Finance of the Russian Federation
Russian Federation
Russian Federation
Aleksandra K. Morozkina, PhD (Econ.), Leading Researcher, Faculty of World Economy and International; Senior Researcher
Malaya Ordynka Street, 17, Moscow, 101000
Nastas’inskiy pereulok, 3, building 2, Moscow, 125375
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For citations:
Esayan M.A., Morozkina A.K. Motives for Sovereign Funding Allocation in the Eurasian Region: The Case of USAID and ADB. Outlines of global transformations: politics, economics, law. 2025;18(4):169-190. (In Russ.) https://doi.org/10.31249/kgt/2025.04.10
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