What are the different types, sources and volumes of finance that can address the multitude of development challenges across countries and regions at various stages of development? What are the implications of these different financing tools for policy makers? These are the challenges developing countries have been confronted with for decades – and will continue to be so for years to come.
Next week, from 13 to 16 July, Addis Ababa in Ethiopia will host the UN’s Financing for Development conference, where member states will discuss how to pay the ambitious plans set up by the Sustainable Development Goals. Unlike the Millennium Development Goals from 15 years ago (a short list agreed by the countries from the North), the SDGs are a global decision.
To discuss these important questions, four ECDPM staff (Sebastian Große-Puppendahl, Bruce Byiers, San Bilal and Hanne Knaepen) got together to try to respond to some of the most prominent issue in the debate:
– the significance of the Addis conference to finance the development of poor countries,
– the role of climate change,
– the growing role of private sector and DRM (Domestic Resource Mobilisation, how countries generate savings using their own domestic economy, for example by using taxation) to add funding to development.
So, how will the world finance development? Watch this video to find out!
If you prefer, you can also listen to the audio version:
Head of Programme Economic Transformation and Trade - Editor of GREAT Insights magazine
Senior Policy Officer Economic Transformation and Trade Programme
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Policy Officer Economic & Agricultural Transformation Programme