Financing for Development, 3rd international conference

Let’s finance development at local level!

By Philippe Orliange, director for Strategy, Partnerships and Communication at AFD

The third international conference on financing for development organized by the United Nations will be held in Addis Ababa from 13 to 16 July. 193 countries will be gathering to seek to answer a question that on the face of it appears simple: “How to finance development?”.

If Official Development Assistance (ODA) continues to be a major source of financing, its USD 134 bn a year will not be sufficient to finance the estimated needs. To multiply the effects of ODA, it should be designed and used as an incentive system that gives rational reasons to local actors to mobilize domestic resources for sustainable development.

Not crowd out local banks: let's finance them!

Development assistance has tended to finance projects without involving local financial actors, yet without developing and strengthening the local banking sector there is no sustainable financing of the economy.

Find out more

 

Financing for development: What visions behind the figures?
(In french)
  Financing sustainable development: The resources
are already in the South
 

Financing development post-2015: Change everything without anything changing?


Synthesis
 
By Yves Guicquéro
 
By Tancrède Voituriez
The Addis Ababa Conference is based on a question that appears to be simple: “How to finance development? There are numerous stakeholders and very diverse visions and proposals. what can be the role of international public financing? What financial solutions can be proposed to a category of rapidly expanding countries, the middle-income countries, while maintaining efforts for solidarity and the concentration of aid in the least developed countries? These questions were debated at the Agence Française de Développement.
Read the synthesis (in french)
 
In July, in Addis Ababa, the world’s States will define a financing strategy to meet the objectives of the Sustainable Development Goals (SDGs). The resources allocated to development by developed countries will not be sufficient to finance this new agenda. There is one solution in order to achieve the SDGs: use part of ODA to leverage the domestic resources available in the South.



Read the post
  The scale of financing needs for sustainable development estimated by the United Nations exceeds a thousand billion dollars a year. ODA looks like the last coins emptied from a money box in comparison. The conference on financing for development must lead to financing options that meet the new challenges and specify the modalities for the mobilization of the complementary billions to ODA. A revolution? The reality could well be that everything will change without anything changing.

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Last update in July 2015

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