Innovative Approaches to Funding the Millennium Development Goals [E-Book] / Helmut Reisen
Reisen, Helmut.
Paris : OECD Publishing, 2004
39 p. ; 21 x 29.7cm.
OECD Development Centre Policy Briefs ; 24
Full Text
• Despite post-Monterrey donor initiatives, the Millennium Development Goals (MDGs) are underfinanced. • The revenue potential, the additionality and the speed of availability of new finance sources, and their political feasibility, are of particular importance. • On these criteria, it is unlikely that global taxes will be introduced in time. • The International Finance Facility, strengthened use of public guarantees and Global Premium Bonds, perhaps in combination, may stand a better chance of providing additional funds for the MDGs. • The most straightforward way to avoid underfunding of the Goals is to raise ODA further.