FUCK You All Mafakerz !
When the Millennium Development Goals (MDGs) were first established nearly 15 years ago, the half-joke reminder among global health experts was that they needed to replace the “M” with a “B” when talking about financing – meaning the solutions required budgets in the order of billions rather than millions of dollars. Today, as the MDGs approach their 2015 deadline and the world negotiates a new global vision for sustainable development, the time has come to shift mindsets from “B” to “T”, since the next frontier is talking about trillions of dollars in required investment throughout the global economy.
To that end, members of the Global Agenda Council on Poverty and Sustainable Development have this week released a report distilling key financing challenges to be addressed in establishing a new generation of global development goals. The report, Paying for Zero: Global Development Finance and the Post-2015 Agenda, stresses the crucial complementary roles and opportunities for public, private and “blended” finance at the domestic and international levels. The word “zero” is used to signal a broad theme of transformation for sustainable development: eliminating extreme poverty, eliminating the most pernicious forms of inequality, and eliminating environmentally unsustainable economic activities.
Stressing ongoing generational shifts in the global development landscape, the report argues that ambitious post-2015 goals will require accompanying ambition and innovation in development finance.Watch Full Movie Online Streaming Online and Download
The conclusions tackle a wide range of issues, including:
- Development finance will increasingly be integrated across types. Flows from public finance will need to leverage additional private finance, and all forms of finance will need to adhere to common standards of transparency, measurement and reporting.
- As many developing countries continue to make long-term economic gains, the process of graduation from official development assistance (ODA) needs very careful consideration. For example, emerging lower-middle-income countries, especially those with large numbers of extreme poor, should not face a stark drop-off in access to external finance.
- It is crucial that the international community place special emphasis on protecting and enhancing properly-targeted ODA budgets. These will need to prioritize the poorest countries and programmes that most effectively reduce poverty. But even with complete success in eliminating extreme poverty by 2030, ODA will continue to play a crucial role tackling many deep global priorities through to 2030 and beyond.
- Improving the capacity of developing countries to mobilize their own resources should be an important element of ODA, without imposing unwanted conditionalities.
- Greatly enhanced instruments are needed to incentivize the amount and nature of required private finance post-2015. Big ticket investments in infrastructure, energy and agriculture will all require some degree of blending between public and private sources.
- Many of the infrastructure investments for sustainable development will be the same ones that determine the future of the world’s climate change mitigation and adaptation efforts.
The report’s release coincides with this week’s meetings of both the Intergovernmental Committee of Experts on Sustainable Development Financing and the Open Working Group on Sustainable Development Goals at the UN Headquarters in New York. The Global Agenda Council on Poverty and Sustainable Development brings together a variety of eminent leaders and practitioners from public, private and non-profit sectors around the world. An earlier draft of the paper was circulated for public comment in January.
Author: John McArthur is a Senior Fellow at the United Nations Foundation and a visiting fellow at the Brookings Institution. He is a World Economic Forum Young Global Leader and chair of the Global Agenda Council on Poverty and Sustainable Development.
Image: People walk past closed shops in a slum in Rio de Janeiro, Brazil, May 23, 2013. REUTERS/Pilar Olivares.
Brookings – Opinion | February 6, 2014
Amidst the growing global consensus around a target of “zero” extreme poverty for 2030, there is renewed debate around the role of official development assistance (ODA) and how much will be required to achieve the goal. The ideal way to assess this question would be through country-specific, bottom-up costing assessments that account for general equilibrium price dynamics and allow for the possibility of shocks, whether positive (e.g., technology) or negative (e.g., conflict or fuel price spikes). In the absence of such rigorous scenario-based analysis, some back-of-the-envelope calculations help inform the approximate orders of magnitude of aid required.
Two conceptually distinct approaches can help inform deliberations on the issue:
- The first is to estimate the cost of essential services for extremely poor people and the amount of public expenditure required to finance them.
- The second is to estimate the dollar value of the extreme poverty gap, i.e., the amount of transfers theoretically required to bring each person in the world up to a living standard of $1.25 a day.
1. Essential Services Budget GapWatch movie online The Transporter Refueled (2015)
A budget gap for basic services can be estimated through some simple arithmetic. Assume the following:
(1) A full package of basic public services for health, education, infrastructure, agriculture and public administration costs $200 per capita per year, including roughly $100-140 for Millennium Development Goal-type public investments (in line with the bottom-up estimates of the U.N. Millennium Project, 2005). [Read more…]
If global development targets followed a National Football League format, we would be approaching the two-minute warning. December 31, 2015, marks the final deadline for the Millennium Development Goals, the global anti-poverty targets that have mobilized an unprecedented generational success in tackling extreme poverty around the world, most notably the burdens of disease in the poorest countries. We are now facing the final moment to bend the relevant curves of progress. For decision makers, 2013 is the real 2015. [Read more…]
John McArthur says input on social, economic and environmental issues will be vital.
The 2008 global financial crisis instigated a cascade of events that still frame many of the world’s foremost political tensions. Simmering beneath the daily headlines lie protracted disputes over which private and public actors caused the problems, and thus who should now pick up the tab.
The scope of debate is enormous, but it likely pales next to the consequences of other global problems like climate change, ocean acidification, air pollution, and even income inequality. Like the financial crisis, these issues call attention to the need for new notions of global accountability across public and private sectors. Much of the resolution will hinge on finding a workable path in Asia.
The final installment of my 3-part series at OpenCanada.org.
Canada’s next generation global development efforts will draw from much more than public sector action. Governments matter, but their matrix of responsibilities is shifting, both within and across countries. To map out a way forward, Canada needs an organized national conversation across key stakeholders, aligned to the “post-2015” global development debates already underway. Such an effort can develop a common understanding of the global challenges at hand, and then strategize as to how Canadians might best collaborate to help address them. This needs to be done in the context of a rapidly shifting global environment. And it could practice implementing through goal-oriented collaboration starting today. The following outlines some thoughts as to how this could happen. [Read more…]
The next installment of my 3-part series at OpenCanada.org
It would be a mistake to view Canada’s aid history in partisan terms. Despite ever-present debate at the policy margins, there has been no systematic difference between Conservative and Liberal governments’ respective investment levels or approaches to global development. Today, the most fundamental problem is that Canada’s aid policy and national political conversation remain too disconnected from objective standards of global need and responsibility.
I. Key Trends
The lack of partisan dynamics is reflected in aggregate budgets alone. Canada’s aid levels were consistent at nearly 0.5 percent of national income throughout the Liberal and Conservative governments of the 1970s and 1980s. In the 1990s, it was a Liberal government that oversaw the largest aid cutbacks in the country’s history, down to 0.22 percent in 2001, before joining a global trend to rebuild over the 2000s. The current Conservative government continued the upward course, reaching 0.33 percent in 2010 (adjusting for the accounting tricks of debt relief), before signaling plans to taper off to 0.25 percent in 2015.
Beneath these numbers, three recent trends stand out: [Read more…]