The Third Conference on Financing for Development has come and gone; country delegates and their leaders, civil society actors, aid organizations, and policy wonks have all returned home. As we discussed prior to FFD , the United States government had a major opportunity to make commitments on domestic resource mobilization (DRM) and data. So how did the US government fare in these areas?
CGD Policy Blogs
The Financing for Development Conference, which drew to a close yesterday in Addis Ababa, was never going to solve all the world’s development problems. What it could do was establish a shared policy framework within which decisions for the rest of 2015 can be taken. The outcome document, the Addis Ababa Action Agenda, actually does that pretty well. But the real test is still to come: what specifically will countries commit to which will make these ideas real?
Addis Ababa has been alive with urgency this week. Maybe it’s the conference negotiations, establishing a consensus on how to implement the SDGs, to lift millions more out of poverty and save countless lives. But the frenzy may also be due to the sheer number and close scheduling of side events in different locations.
The Financing Development for Development Conference is well under way, and this week's podcast comes to you direct from Addis to give you an update on the negotiations. Owen Barder, who has been in on the conversations, tells you what's being discussed and the likelihood of meaningful results being reached.
How Much Do We Really Know about Multinational Tax Avoidance and How Much Is it Really Worth? Comments Welcome!
At the Financing for Development conference in Addis Ababa this week, the issue of international cooperation to address ‘tax dodging’ and illicit flows will be higher up the agenda than ever before. Credit for this is due in no small part to the various non-governmental organizations that have built up public consciousness and pressure through sustained campaigns focused on the tax affairs of multinational companies.
In Washington, rumor has it that the United States will bring commitments on domestic resource mobilization (DRM) and data to the table at the Financing for Development Conference this month in Addis Ababa, Ethiopia. As we get down to the wire, our fingers are crossed that the US government will take this opportunity to be ambitious and offer robust packages in both these areas. Here’s what that could look like.
He oversaw implementation of the MDGs, so what does Sir Suma Chakrabarti think of the SDGs that will replace them? Now President of the European Bank for Reconstruction and Development (EBRD), Chakrabarti is a former Permanent Secretary of the UK’s Department for International Development. He gave me his thoughts on the upcoming Addis Ababa Financing for Development Conference, the future role of multilateral development banks in development financing, as well as EBRD’s work amidst the ongoing conflict in Ukraine.
Nancy Birdsall has given us her five wishes for the Financing for Development conference in July — and I agree with them all. I would say this even if she were not my boss. But all of her wishes are about how we can generate more and better financing in the cause of development. I think we need to do better than that.
Meeting the SDG targets for infrastructure in developing countries is going to cost around USD 1 trillion a year. With official development assistance at around $150 billion, other official flows at $27 billion, and investment in infrastructure with private involvement at about $181 billion, it is clear that the majority of infrastructure finance will have to come from domestic resource mobilization in developing countries (which comes to about $9.2 trillion per year).