The perils of commodity price volatility

12 Feb 2016 by Degol Hailu, Senior Advisor, UNDP and Chinpihoi Kipgen, Research Associate, UNDP

Coal sellers in BurundiWhile a possible option to to compensate for the fall in commodities' prices, cutbacks in public expenditure will hinder progress towards the sustainable development agenda. Photo: Aude Rossignol/UNDP in Burundi
Since 2011, the price of oil has fallen by 51%. Copper, coal and iron ore prices have dropped by 38%, 53% and 67%, respectively. Commodity dependent countries in Sub-Saharan Africa are facing serious fiscal and balance of payment deficits, hindering the progress towards the sustainable development agenda. Our experts consider 5 possible short-term options to compensate for the fall in prices and their drawbacks. … Read more

Financing development through better domestic resource mobilization

22 Dec 2015 by Gail Hurley, specialist on Development Finance and Nergis Gülasan, specialist on Strategic Policy

women in VanuatuSevere extreme weather events in Small Island Developing States can result in heavy relief and reconstruction costs. Photo: UNDP in Vanuatu
Over the last 15 years, developing countries have increased domestic revenues by on average 14% annually. The domestic revenues of developing economies amounted to USD 7.7 trillion in 2012; that’s USD 6 trillion more than in 2000. Domestic resources are the largest, most important and most stable source of finance for development. Can we expect these resources to keep on increasing in the coming years and mobilise them for development? … Read more

Post-Paris: paving the way for zero carbon growth

18 Dec 2015 by - Jo Scheuer, Director of Climate Change and DRR, Bureau for Policy and Programme Support, UNDP

women in mountainsIn 2016, we will build on our $2.3 billion climate portfolio across 140 countries and expand our support on climate change mitigation and adaptation. Photo: UNDP Turkey
Having witnessed the international community reach (and celebrate) a global climate deal in Paris last week, I have been reflecting on the journey that brought us here, as well as picturing the long but important road ahead. First, while there has been much talk about the relative significance of the Paris agreement, I would like to echo a sentiment expressed by the New Yorker’s Elizabeth Kolbert: the deal is a success simply because the alternative was no deal at all. Business as usual is not an option, and the Paris agreement, while not perfect, is a landmark that brings together 196 parties. The bottom-up nature of the agreement is certainly a worthy first step. … Read more

Will enclaved development be the scenario of the future?

30 Oct 2015 by Patrick Keuleers, Director, Governance and Peacebuilding, UNDP

In the extractive industries, it is not unusual to see companies supported by political elite-pacts confining themselves to compounds protected by private security firms, literally walled off from the local communities. Food, supplies, and even labour are flown from outside, while the extracted resources are exported to other countries for processing. Where this happens, operations are hardly connected with the local environment. And when labour is imported, these developments also fail to promote local employment opportunities. Inequality and enclaved development is also increasingly visible in capitals and large cities. Some capitals in resource rich countries have become extremely expensive cities, despite widespread poverty. … Read more

South-South cooperation brings strong partnerships to the new development agenda

24 Sep 2015 by Xiaojun Grace Wang, Lead Adviser, South-South Cooperation and Triangular Cooperation, Bureau for Policy and Programme Support, UNDP

South Sudanese menSouth Sudanese attend a planning workshop in Juba. UNDP supports Ethiopia, Kenya and Uganda to send civil servants for two-year terms in South Sudan to provide peer coaching to their counterparts. Photo: Jennifer Warren/UNDP
An African proverb says, “If you want to go fast, go alone; if you want to go far, go together.” The new sustainable development agenda recognizes the importance of partnerships to achieving the Global Goals. This agenda presents the opportunity for a new and inclusive global partnership, of which South-South Cooperation (SSC) forms an integral part. South-South Cooperation (SSC) is the exchange of resources, technology, and knowledge between countries of the global South. It’s about developing countries extending helping hands to each other to tackle development challenges together. … Read more

Stronger partnerships with foundations to take sustainable development further

27 Jul 2015 by Marcos Neto, Team Leader, Private Sector and Foundations and Karolina Mzyk, Policy Specialist, Foundations, UNDP

HC in IndonesiaA farmer in Kenya, one of four countries where UNDP is partnering with philanthropic foundations for the implementation of the sustainable development agenda. Photo: UNDP Africa.
“If you want to go fast, go alone, but if you want to go far, go together.” This old African proverb underpins UNDP’s engagement with philanthropic foundations for the implementation of the new sustainable development agenda. Ghana is the fourth country – following Kenya, Colombia and Indonesia – where we are connecting local foundations with the UN, government, private sector and civil society led policy discussions and development initiatives. The project is in collaboration with our partners the Foundation Center and Rockefeller Philanthropy Advisors and aims to localize the Sustainable Development Goals (SDGs). … Read more

The Addis Ababa Action Agenda: A step forward on financing for development?

21 Jul 2015 by Gail Hurley, Policy Specialist on Development Finance

HaitiThe need to build capacities in risk preparedness and to ensure that the international community is able to respond to shocks with timely and adequate financial support is acknowledged in the Addis Abeba Action Agenda. Photo: UNDP in Haiti
The Addis Ababa Action Agenda lays out the steps the international community promises to take to fund the world’s new sustainable development agenda – to be agreed in New York in September. This new document must also chart a path for how we can address the challenges which have emerged – or become more pronounced – since the 2002 Monterrey Consensus, such as climate change, accelerated environmental degradation and inequality. So did we get our ‘Monterrey Plus’ in Addis Ababa? In this blog series, our experts share their thoughts on key financing for development issues. … Read more

Haiti at a turning point

16 Jul 2015 by Hervé Ladsous and Jessica Faieta

Elections 2011 in Haiti.Elections in 2011 in Haiti, where there has been significant progress in restoring confidence in the political process. Photo: UNDP Haiti
Haiti will reach a major historic milestone this summer. Starting 9 August, some six million Haitians will choose 1,280 representatives for local administrations, 140 mayors, 139 Parliamentarians and finally, their President, in several rounds of electoral processes that could last until the end of the year. It has not been easy to arrive at this moment. The Haitian people have been waiting three years for these elections. A Parliament has been absent since January. Haiti has made significant strides to restore confidence in the political process and to hold these elections on time. The electoral council, appointed in January, has been impressive in taking on several challenging technical, logistical and financial tasks aiming to ensure a credible, inclusive and transparent process. … Read more

A new development model to tackle some of the world’s toughest challenges

15 Jul 2015 by Haoliang Xu, UN Assistant Secretary-General and UNDP Regional Director for Asia and the Pacific

Kazakhstan is becoming a donor to other countries. Photo: UNDP in Kazakhstan
As economies boom in developing countries across the world, and many of these countries graduate to Middle Income Country status, the landscape of development is being fundamentally reshaped. We are now witnessing a range of more nuanced and complex development situations, which call for a new approach to meeting some of the world’s toughest development challenges. In this blog series, our experts share their thoughts on key financing for development issues … Read more

The role of data standards in tracking financing for development

14 Jul 2015 by Robin Uyterlinde, Chair of the IATI Steering Committee

 Work is underway with South-South Cooperation providers to extend the IATI Standard to include their specific needs. Indian elections in 2014 inspired several country delegations from the Global South. Photo: Prashanth Vishwanathan/UNDP India
As the Third International Conference on Financing for Development kicks off in Addis Ababa, it is important to focus on how the commitments made will be tracked – at a global level, but most importantly, at country level. The first step in mobilising all of these resources for a common purpose is to publish information in a common way. As Chair of The International Aid Transparency Initiative, I believe we can do just that. … Read more