Development finance
The world's ability to effectively mobilize and deploy necessary financial resources is crucial for a more sustainable and resilient recovery from the ongoing crises. Developing countries have long faced persistent challenges in mobilizing domestic resources, exacerbated by volatile capital flows, soaring debt levels, and the detrimental effects of illicit financial flows. More recently, the war in Ukraine, sharp increases in food and energy prices, and rapidly tightening financial conditions have increased hunger and poverty risking progress on the SDGsSustainable Development Goal. The Bridgetown Covenant -—
– ‒
- –
—--—
– ‒
- –
—--—
– ‒
- –
—--—
– ‒
- –
—- strongly emphasizes the essential contribution of ODAOfficial Development Assistance (ODA) are resource flows to countries and territories which are: (a) undertaken by the official sector; (b) with promotion of economic development and welfare as the main objective; (c) at concessional financial terms (implying a minimum grant element depending on the recipient country and the type of loan). In addition to financial flows, technical co-operation is also included -—
– ‒
- –
—--—
– ‒
- –
—--—
– ‒
- –
—--—
– ‒
- –
—-., private investment, as well as South-South and triangular cooperationBroad framework of collaboration among countries of the Global South in the political, economic, social, cultural, environmental and technical domains. It includes trade, FDI, regional integration efforts, technology transfers, sharing of solutions and experts, and other forms. Involving two or more developing countries, it can take place on a bilateral, regional, intraregional or interregional basis -—
– ‒
- –
—--—
– ‒
- –
—--—
– ‒
- –
—--—
– ‒
- –
—-., in addressing the challenges related to development finance. Developments in these areas are reviewed in the following sections based on SDGSustainable Development Goal indicators and other official statistics:
- Official international assistance insufficient to reach 2030 Agenda
- Volatile, but slowly more sustainability-focused investment flows
- Escalating debt challenges are inhibiting achievement of the SDGs
- First official estimates of illicit financial flows
References
Donec tincidunt vel mauris a dignissim. Curabitur sodales nunc id vestibulum tempor. Nunc tortor orci, sodales nec eros eget.
Donec tincidunt vel mauris a dignissim. Curabitur sodales nunc id vestibulum tempor. Nunc tortor orci, sodales nec eros eget.
Donec tincidunt vel mauris a dignissim. Curabitur sodales nunc id vestibulum tempor. Nunc tortor orci, sodales nec eros eget.
Donec tincidunt vel mauris a dignissim. Curabitur sodales nunc id vestibulum tempor. Nunc tortor orci, sodales nec eros eget.
Donec tincidunt vel mauris a dignissim. Curabitur sodales nunc id vestibulum tempor. Nunc tortor orci, sodales nec eros eget.