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MDG and International Cooperation

Can business help finance the Post-2015 Agenda? Yes, But…

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A participant at the Latin America regional consultation on 'Engaging with the Private Sector' in Cartagena, Colombia. Photo credit: (AECID)

Diplomats and their governments are in the middle of a huge exercise to update the world's development agenda. Attention has now started to shift from the ‘what' of the agenda to the ‘how' – policy choices, capacities, institutions, and technology to name but a few. Yet where will the hard cash come from to fund these lofty aspirations? Some of the poorest and least developed countries will be looking for a clear commitment from richer countries that they will meet previous commitments on official development assistance (ODA), including the international benchmark of 0.7% of GNI. But the economies of many rich countries are still struggling, and their governments are finding it difficult to justify to domestic taxpayers that their money is being spent abroad rather than at home. At the other end of the spectrum, some governments have emphasized that the private sector will step in and shoulder the burden of financing the new goals and targets. The discussion on the validity or means of this claim has not been very deep. More cynically, some have suggested that focusing on the private sector's role is a deliberate tactic to steer the debate away from aid commitments. But this critical question remains... Read more

How well is the rich world supporting development?

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Miners in the Democratic Republic of Congo. The mining sector is characterized by conditions of extreme danger, without any security and health framework with negative consequences for the environment. Photo: Benoit Almeras-Martino/UNDP DRC

We all know that many factors influence a country’s progress on poverty reduction and development. Policies and institutions at the domestic level are probably the most important driver. But it’s also true that the policies and actions of other countries – and especially rich and powerful nations – also influence the developing world’s development prospects. In this spirit, MDG 8 was elaborated. This MDG differs from all the others; it measures the developed world’s efforts to do things like increase development aid, cancel the debt of the poorest countries, make international trade fairer and provide access to affordable medicines. These measures, many argue, are just as important as the steps developing country governments can take at home to ‘improve their lot’. Every year, the UN monitors progress on how well the rich world is doing and launched its latest ‘update’ report recently. UNDP partners in this annual monitoring effort. So what’s the verdict? Is the rich world living up to its MDG commitments? On development aid (ODA), the report notes that, despite an increase last year, ODA still was US$180 billion short of the commitment. It’s also heavily concentrated in a few countries; in 2013, just 10 countries absorbed over 34%... Read more

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

Making sense of the world we live in: The development contribution

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South Sudanese refugees in a Refugee Settlement in Northern Uganda. Photo: F. NOY/ UNHCR

It’s hard to remember a time when more crises were jostling for space in the headline news, or when the world’s leading diplomats, like Secretary of State John Kerry and the UN Secretary General, were engaged in shuttle diplomacy on so many issues simultaneously. Top of mind by late last month were the conflicts in Gaza and eastern Ukraine, Syria, Iraq, Libya, South Sudan, Central African Republic and Mali, Nigeria. Meeting the costs of humanitarian relief is proving overwhelming. By the end of June this year, UN coordinated appeals for humanitarian crises had already reached $16.4 billion. This was before the latest conflict in Gaza began, and before a lot of the fighting in eastern Ukraine.  Could more be done to anticipate, prevent, or mitigate these traumatic events? The short answer is – yes and there is a compelling need to try to get ahead of the curve of future crises and disasters, to avert huge and costly development setbacks and lives lost.   Rough estimates suggest that for every dollar spent in disaster preparedness and mitigation, seven dollars will be saved when disaster strikes. It is also true that spending in fragile states which have been or still are immersed in conflict does... Read more

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