Financing for development is a broad concept that aims to find a comprehensive approach to advocating for, and introducing policies needed to support sustainable development financially around the world.
The composition of development finance is changing. Whilst domestic financing and public sector resources (such as tax revenues), and international resources (such as Official Development Assistance), will remain crucial to development co-operation, private sector resources must be, and are starting to be, mobilised to achieve the SDGs.
Getting the financing right will be critical to the achievement of the SDGs. The funding gap between what is provided now and what needs to be provided to realise the goals in full is too substantial for ODA or public resources alone to overcome. The Addis Ababa summit in 2015 recognised the growing role of the private sector in international development but also faced criticism that it placed too much emphasis on the private sector and not enough on effective domestic resource mobilisation.
- Dóchas Transcript 'International Conference on Financing for Development Briefing to JCFAT' (2015)
- Dóchas briefing to JCFAT ahead of UN conference on financing for development (2015)
Government and Multilateral Publications
- OHCHR 'Integrating Human Rights in Financing for Development'
- Christian Aid 'It's Time for Ireland to Decide on the Global Tax Injustice' (2015)
- Trócaire 'States must remain the primary duty bearers in financing for development' (2015)
- Brookings 'Mobilizing Private Investment for Post-2015 Sustainable Development' (2014)