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SOU
RCE:
GLO
BALG
OAL
S.O
RG
When…?
2015
ACHIEVING THE SDGs WILL REQUIRE MORE THAN THE CURRENT US$135 BILLION OF OFFICIAL DEVELOPMENT ASSISTANCE (ODA) AVAILABLE.
BUT HOW MUCH MORE…?
ODA Capital Required0
500
1000
1500
2000
2500
3000
ODA Capital Required0
500
1000
1500
2000
2500
3000
ODA Capital Required0
500
1000
1500
2000
2500
3000
US$135 billion
ODA Capital Required0
500
1000
1500
2000
2500
3000
US$135 billion
ODA Capital Required0
500
1000
1500
2000
2500
3000 ALOT!!
US$135 billion
BILLIONS TO TRILLIONS
How…?
CROWD-IN PRIVATE CAPITAL
FOREIGN DIRECT INVESTMENT
INCREASE SOUTH-SOUTH FLOWS
PHILANTHROPY…
DOMESTIC RESOURCE MOBILISATION
THE GENERATION OF SAVINGS FROM DOMESTIC RESOURCES AND THEIR ALLOCATION TO ECONOMICALLY AND SOCIALLY PRODUCTIVE INVESTMENTS.
SOURCE: BERTRAND BADRE, WORLD BANK GROUP
‘For most countries, DRM is the largest resource available to fund their national development plans. A country’s ability to mobilise domestic resources and spend them effectively – at the national, sub-national and municipal levels – lies at the crux of financing for development.’
SOURCE: “FROM BILLIONS TO TRILLIONS: TRANSFORMING DEVELOPMENT FINANCE POST-2015 FINANCING FOR DEVELOPMENT: MULTILATERAL DEVELOPMENT FINANCE”
How…?
BETTER TAX ADMINISTRATIONGREATER CAPACITY TO NEGOTIATE AND MANAGE NATURAL RESOURCE CONTRACTSSTRONGER MECHANISMS FOR LIMITING CAPITAL FLIGHT (BASIS EROSION) AND ILLICIT FINANCIAL FLOWSINCREASED INVESTMENT IN AND ACCESS TO ESSENTIAL INFRASTRUCTURE AND SERVICES
MAHMOUD MOHIELDER – CORPORATE SECRETARY, WORLD BANK GROUP
BETTER TAX ADMINISTRATIONGREATER CAPACITY TO NEGOTIATE AND MANAGE NATURAL RESOURCE CONTRACTSSTRONGER MECHANISMS FOR LIMITING CAPITAL FLIGHT (BASIS EROSION) AND ILLICIT FINANCIAL FLOWSINCREASED INVESTMENT IN AND ACCESS TO ESSENTIAL INFRASTRUCTURE AND SERVICES
MAHMOUD MOHIELDER – CORPORATE SECRETARY, WORLD BANK GROUP
BETTER TAX ADMINISTRATIONGREATER CAPACITY TO NEGOTIATE AND MANAGE NATURAL RESOURCE CONTRACTSSTRONGER MECHANISMS FOR LIMITING CAPITAL FLIGHT (BASIS EROSION) AND ILLICIT FINANCIAL FLOWSINCREASED INVESTMENT IN AND ACCESS TO ESSENTIAL INFRASTRUCTURE AND SERVICES
MAHMOUD MOHIELDER – CORPORATE SECRETARY, WORLD BANK GROUP
BETTER TAX ADMINISTRATIONGREATER CAPACITY TO NEGOTIATE AND MANAGE NATURAL RESOURCE CONTRACTSSTRONGER MECHANISMS FOR LIMITING CAPITAL FLIGHT (BASIS EROSION) AND ILLICIT FINANCIAL FLOWSINCREASED INVESTMENT IN AND ACCESS TO ESSENTIAL INFRASTRUCTURE AND SERVICES
JAMES BRUMBY, WORLD BANK GROUP
SOURCE: GLOBALGOALS.ORG
YOU CAN BUILD A MILE OF ROAD IN AFRICA AND ONLY GO A MILE… OR YOU CAN BUILD A MILE OF RUNWAY AND GO ANYWHERE IN THE WORLD.
- Unattrib.
INFRASTRUCTURE HAS A MULTIPLIER EFFECT – ONE DOLLAR SPENT ON INFRASTRUCTURE YIELDS MANY IN ECONOMIC RETURN
A MORE PRODUCTIVE ECONOMY MEANS GREATER SCOPE FOR INCREASED TAX REVENUES
LOWINCOME
COUNTRY
15%MIDDLEINCOME
COUNTRY
20%
HIGHINCOME
COUNTRY
25%TAXGDP
AN ANNUAL INVESTMENT EQUIVALENT TO 2.5% OF GLOBAL GROSS DOMESTIC PRODUCT (GDP) WILL BE REQUIRED OVER THE NEXT 25 YEARS TO ADDRESS THE CURRENT INFRASTRUCTURE SHORTFALL1.
1. OECD ESTIMATE (2015)
THIS EQUATES TO APPROXIMATELY US$3-4 TRILLION (2015) PER YEAR2.
2. RICHARD ABADIE – PARTNER & GLOBAL LEADER OF CAPITAL PROJECTS AND INFRASTRUCTURE, PWC
ROADSRUNWAYSTAXIWAYSWATER STORAGE, TREATMENT & DISTRIBUTIONHIGHWAYSELECTRICITY PRODUCTION AND TRANSMISSION…
CHALLENGES
1. CAPACITY
2. CAPTURE
3. CORRUPTION
GOVERNMENTS MAY NOT HAVE THE INSTITUTIONAL CAPACITY TO ENSURE PUBLIC EXPENDITURE EFFICIENCY AND FINANCIAL ACCOUNTABILITY.
THERE IS A NEED TO ENSURE WIDER COMMUNITY INVOLVEMENT IN INFRASTRUCTURE DEVELOPMENT TO AVOID NARROW INTERESTS CAPTURING LIMITED STATE RESOURCES.
CURBING ILLICIT FINANCIAL FLOWS IS ESSENTIAL.
The End.
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