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MDG 8

Financing Post-2015: A quick run-down of the expert committee’s report

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Drip irrigation system introduced in the farmlands of Akmola region in Kazakhstan. Photo: UNDP in Kazakhstan

The UN’s inter-governmental committee of experts on sustainable development financing met for the last time this month to put the final touches to their much anticipated report on how the world should finance the post-2015 Sustainable Development Goals – or SDGs. I’ve had the opportunity to attend many of the committee’s sessions, and they’ve had a mammoth task. So what have they come up with? You can read the full report here, but below is a quick heads-up. The range of issues they’ve had to cover is massive: from assessing how much cash is needed to finance sustainable development to thinking about where the cash could come from and where these funds should be directed. The report draws up a ‘menu of options’ for the financing of sustainable development. This allows policymakers in different countries to make choices as to what policies and financial instruments are most suited to them. That makes perfect sense of course; the strategy that will be best for a climate-vulnerable small island state such as the Maldives won’t necessarily be the same for a larger resource-rich country such as Kazakhstan. On the other hand, it could also lead governments to ‘cherry-pick’ among the ideas presented, and... Read more

Development aid: where to next?

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The first High-Level Meeting of the Global Partnership for Effective Development Cooperation launched 38 new initiatives by government, business, private foundations and civil society in Mexico last month. Photo: AGCED Mexico

Last month some 1500 people from over 130 countries gathered in Mexico City for the latest international jamboree on development aid. The ‘Global Partnership for Effective Development Cooperation’, an OECD/UNDP-led effort  to improve aid effectiveness by encouraging better partnerships between aid donors and aid recipients, had to confront some really tough questions. Do some countries still need development aid? Does aid really work that well? And what is ‘aid’ anyway? Over the last decade, the developing world has dominated global economic growth. There are now 103 middle-income countries and the number (happily) continues to rise. Although much of the attention has been focused on the rapid economic advances made by the ‘big beasts’ of the developing world —Brazil, China and India— others are also doing well; Sub-Saharan Africa has grown at, on average, 5-6% annually over the last decade. Some developing countries have become major donors themselves, such as Mexico, Turkey, Kazakhstan and South Africa. Arab donors have also become more prominent and last month the UAE posted the highest aid levels of all donor countries as a percentage of gross national income (at 1.25%). All well and good, then?  Perhaps, but it’s left many ‘old’ donors confused – will taxpayers... Read more

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