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by Institute for Global Dialogue

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by Institute for Global Dialogue

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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 

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