Home|South-South Cooperation|South-South Cooperation in the News|What if global development was funded by developing countries’ money?

by Institute for Global Dialogue

Share

by Institute for Global Dialogue

Share

What if global development was funded by developing countries money

So what if we tapped into the considerable resources of the developing countries themselves? Often overlooked, these countries’ tax revenues, natural resource revenues, private domestic savings, pension funds, private equity markets, stock markets, and remittances, taken together, are significantly larger than aid flows – and are growing rapidly. If harnessed to finance development, these resources could enormously accelerate the rate at which the SDGs are achieved.

Source: The Guardian/ Yana Kakar, Matthew MacDevette, and James Mwangi
Available: http://www.theguardian.com/global-development-professionals-network/2015/aug/13/global-development-funding-changes-international-donors-financing 

Related Posts

View all
  • By Published On: Feb 15th, 2016
  • By Published On: Feb 14th, 2016
  • By Published On: Feb 13th, 2016