Over the last 15 years, developing countries have increased domestic revenues by on average 14% annually. 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?
The Addis Ababa Action Agenda (AAAA) 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. What does it promise?
Which countries need more resources to finance the SDGs? What types of resources are needed most? Where does international finance, both public and private, currently flow? Where does it not? Answers to all of these require reliable and easy-to-understand data on all international financial flows.
The Sustainable Development Goals (SDGs) are much more ambitious than their predecessor. Much more financing – public and private, domestic and external – will need to be mobilized.
Does the UN expert committee's report offer a sensible strategy for financing the new international development vision? Will the report be the game-changer many civil society organizations want to see? And how far will it support human rights realization for all?
UN experts have drawn up a ‘menu of options’ for financing sustainable development. What do they say?
Since the 1980s, progressive financial deregulation – within and between countries – has led to increased instability and recurrent financial and economic crises. This is combined with volatility associated with more frequent and extreme environmental shocks. How should developing countries manage this increasingly volatile external environment? What should the international community do?