World Bank Group Course - Final Project

1. DOMESTIC RESOURCE MOBILIZATION (DRM)
KEY TO MOBILIZING FINANCE FOR DEVELOPMENT
Assignment for World Bank Group Course
‘ Billions to Trillions to Action – Mobilizing Finance for Development 2016 - 2030’
Hillary N. Fernando (Colombo - Nov 2015)

2. SDGs provide UN’s Vision for Development.
Mobilizing Finance is crucial for achieving it.
Source: https://class.coursera.org/fin4devmooc-001/lecture/view?lecture_id=3

3. Financing Process to Achieve Development Returns
Source: Page 3 of http://www.worldbank.org/mdgs/documents/FfD-MDB-Contributions-July-13-2015.pdf

4. Unlocking Financial Resources for Development
Sources: https://class.coursera.org/fin4devmooc-001/lecture/view?lecture_id=5
https://class.coursera.org/fin4devmooc-001/lecture/view?lecture_id=37

5. What is DRM & How crucial is it to finance SDGs ?
Source: https://class.coursera.org/fin4devmooc-001/lecture/view?lecture_id=5

6. STRATEGIES FOR PUBLIC RESOURCE MOBILIZATION
Smarter use of
ODA to catalyse
other finance
resources
Tax Revenue &
Tax
Administration
Combat Illicit
financial flows
Fiscal
decentralization
and engagement
of local
governments
Revision or
elimination of
subsidies
Raise Voice
Against Corruption
Recovery of Stolen
Assets
Improving public
expenditure &
financial
accountability
Public
Resource
Mobilization
Source: https://class.coursera.org/fin4devmooc-001/lecture/view?lecture_id=5

7. STRATEGIES FOR PRIVATE RESOURCE MOBILIZATION
Local SavingsCapital
Markets
Institutional
Investors
Foreign
Direct
Investments
(FDI)
Pension
Funds
Asset
Managers
Sovereign
Wealth Funds
Public Private
Partnerships
(PPP)
Private
Resource
Mobilization
Source: https://class.coursera.org/fin4devmooc-001/lecture/view?lecture_id=5

8. Why Public-Private-Partnership (PPP) is an effective tool for DRM
Improve access to
basic services
2• Accelerated construction
• On-time and On-budget delivery
• Shifting risk to private sector
• Regular maintenance and
upgrade
Increase quality and
efficiency
3• Higher quality service standard
• Better identification and
allocation of risks
• Sharing risks with private
partner
• Increased efficiency of facilities
and services
• Access to best practices and
private expertise
Mobilize capital
1• Access to new private financing
• Better budgetary efficiency
• Value for money
Source: http://www.ifc.org/wps/wcm/connect/AS_EXT_Content/What+We+Do/IFC+and+PPPs/Why+PPPs/

9. Private Finance play a key role in DRM

10. The Way forward for developing countries
• Developing countries must use DRM as the key mechanism to finance development mobilizing the
resources of both public and private sectors.
• Effective DRM, good infrastructure and efficient services constitute the back bone of development
that will foster and stimulate achieving SDGs.
• Mobilizing the resources of both the public and private sectors in effective and efficient financing,
the governments should focus on regulatory frameworks, policy, planning and delegation best
practices while attracting innovation, technology and efficiency of the private sector.
• To be successful in achieving SDGs, countries must carryout a thorough analysis of the long-term
national infrastructure & service objectives, prioritising the projects for effective implementation.
• Implementation of PPP projects play a crucial role in mobilizing finance for development.
• The legal, institutional and monitoring & evaluating mechanisms must be strengthened through
effective frameworks of good governance, rule of law and transparency.
• Countries must reach out for the expertise and assistance available from the resource centres of
MDBs and global institutions like UN, World Bank, ADB, AfDB etc and move forward in financing
development with a horizon, vision and steps to achieve SDGs
*********************

11. References
1. What Is Development? By Jan Eliasson - Deputy Secretary-General of the United Nations
: https://class.coursera.org/fin4devmooc-001/lecture/view?lecture_id=3
2. What is Financing for development by Susan McAdamsv-Senior Advisor, Development Finance, World
Bank Group: https://class.coursera.org/fin4devmooc-001/wiki/Week_1_Video_Talks
3. The New Framework for Financing Development by Bertrand Badré - WBG MD and Chief Financial
Officer :https://class.coursera.org/fin4devmooc-001/lecture/view?lecture_id=5
4. From Billions to Trillions - MDB Contributions to Financing for Development/Page 3:
http://www.worldbank.org/mdgs/documents/FfD-MDB-Contributions-July-13-2015.pdf
5. Business model of MDBs by Susan McAdams Senior Adviser, Development Finance, World Bank Group:
https://class.coursera.org/fin4devmooc-001/lecture/view?lecture_id=37
6. Why PPPs? /World bank- IFC site:
http://www.ifc.org/wps/wcm/connect/AS_EXT_Content/What+We+Do/IFC+and+PPPs/Why+PPPs/
7. Private Participation in Infrastructure Database: http://ppi.worldbank.org/
8. Public-Private Partnerships: How can PPPs help deliver better services?:
https://class.coursera.org/effectiveppp-001/wiki/Welcome
9. How to Engage with the Private Sector in Public-Private Partnerships – PPIAF:
https://www.ppiaf.org/sites/ppiaf.org/files/publication/How-to-engage-with-private-sector-Clemencia-
Farquharso-Yecome-Encinas.pdf
**************

12. DOMESTIC RESOURCE MOBILIZATION (DRM)
THE WAY FORWARD TO MOBILIZING FINANCE FOR DEVELOPMENT
Thank You
Sources:
www.studiovimukthi.com
https://class.coursera.org/effectiveppp-001/lecture