Date post: | 13-Apr-2017 |
Category: |
Economy & Finance |
Upload: | elina-penttinen |
View: | 324 times |
Download: | 1 times |
PowerPoint Presentation
Financing for DevelopmentFinal projectFFD MOOC December 2015
Sustainable Development Goals 2016-2030
Level of challenge
Millennium Development Goals 2000-2015Sustainable Development Goals 2015-20308 specific goals targeting poverty17 goalsUniversal in characterAddress root causes of poverty and inequality
What should we do?
169 targets
Main challenge isHow do we finance the Sustainable Development Goals?
The need is great3.9 trillion USD / year
There is a gap
Source: The Rockefeller Foundation
We have the meansGlobal savings: 17-22 trillion USD / year enough to meet the needs
BUT: Not allocated adequately
What are our options?Official development assistance (ODA)Mobilizing domestic resources Private finance for development (domestic and international)
1. Official development assistance (ODA)
1. Official development assistance (ODA)
Source: Sustainable Development Financing, UN, 2014
1. Official development assistance (ODA)
South AfricaPrivate Philanthropy & Vertical Funds
China
Russia
Brazil
1. Official development assistance (ODA)
Paris Declaration, 2005Busan Outcome Document, 2011Accra Agenda of Action, 2008
Country ownership, Transparency, Accountability, Donor harmonization & alignment
2. Mobilizing domestic resources
2. Mobilizing domestic resources
Improving taxation capacity
2. Mobilizing domestic resources
Harnessing natural resources revenue
=
2. Mobilizing domestic resources
Improving expenditure efficiency
2. Mobilizing domestic resources
Curbing illicit financial flows
3. Private finance for development
3. Private finance for development
Foreign direct investment (FDI)Bank loansBond issuanceInstitutional investors (including sovereign wealth funds)Private transfers
3. Private finance for development
3. Private finance for development
Stable and predictable enabling business environments Credit, saving and insurance products
3. Private finance for development
Stable and predictable enabling business environments Outsourcing, concessions, PPPs, privatization, promotion of social entrepreneurship
Remittancesremittance-backed bonds & diaspora bonds
3. Private finance for development
Pull mechanisms (consumption subsidies)Advance market commitmentsCap-and-trade schemes (e.g. carbon markets)Resources-for-infrastructure models Financial transaction taxes 3. Private finance for development
What mattersis how efficiently we target these resources
ODADomestic resourcesPrivate finance