The target audience for my final project includes the general public and anyone else who is interested in development specifically financing for development. With this digital artefact, I am conveying the message of the importance of development, official development assistance and the new financing architecture that is proposed to fund the Sustainable Development Goals. I believe providing this information is important as it will assist the general public in gaining awareness of the developmental challenges and opportunities facing the world today.

1. December 2015
MOOC Finance for Development
Importance of new financial instruments to
fund the Sustainable Development Goals
Image © AU-UN IST PHOTO

2. Image © AU-UN IST PHOTO
Background and Context

3.  No consensus on the definition of development
 Development can be defined in terms of economic growth and
national income, human development (adult literacy, life
expectancy, access to education etc.)
 However, there is a general consensus that there can be no peace
without development and no development without peace
 It has also been agreed by global stakeholders that development
needs to be sustainable and inclusive and this has led to the
endorsement of the Sustainable Development Goals (SDGs).
 The SDGs are the newly approved global development framework
that is set to guide the development agenda of both the developed
and developing world over the next 15 years.
 It is believed that Official Development Assistance (ODA) will be
a useful source of finance to help achieve the SDGs.
What is development?

4. • ODA are resource flows directed towards developing countries that
are contributed by governments and international organisations
such as the World Bank and the UN.
• ODA is critically important as these in-flows are targeted towards
the poorest countries to promote economic growth and to help the
poorest citizens get access to basic social services.
• ODA currently amounts to US$ 135billion is seen as critically
important in financing the SDGs. However, these resources are not
sufficient.
• Therefore, governments (developed and developing), development
partners are tasked with mobilising additional resources.
• This is has led to the agenda of moving from billions to trillions.
Importance of ODA

5. • The proposed modes of acquiring additional finance includes;
• These additional resources will be used to finance infrastructure
projects ranging from energy, roads, social services, agriculture
and ICT.
Proposed New Sources of Finance
Public Resource Mobilisation- Taxes and Savings
Private Resource Mobilisation
Domestic Resource Mobilisation-Combating illicit financial flows
Insurance and Capital Markets
Bonds- Vaccine, Diaspora, Climate, Catastrophic, Pandemic

6. Leveraging of these new sources of finance
• The process of leveraging the new sources of finance needs a
consolidated effort of the following stakeholders
• It is Important to create public awareness on the role SDGs so that
citizens may provide oversight for their respective governments.
Developed Countries e.g. United States, Germany, France
Emerging Economies- Brazil, Russia and China
Developing Countries e.g. Kenya, Nigeria and Morocco
Multilateral Development Banks-World Bank, UN
Regional Development Banks e.g. African Development Bank

7. Thank You!
Image © AU-UN IST PHOTO/Ilyas A. Abukar