ffd mooc final project

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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

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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