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Innovative Approaches to Funding the Millennium Development Goals

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  • Helmut Reisen

Abstract

• 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.

Suggested Citation

  • Helmut Reisen, 2004. "Innovative Approaches to Funding the Millennium Development Goals," OECD Development Centre Policy Briefs 24, OECD Publishing.
    • Handle: RePEc:oec:devaab:24-en
    DOI: 10.1787/580523311442
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    Cited by:

    1. Peter Nunnenkamp & Rainer Thiele, 2013. "Financing for Development: The Gap between Words and Deeds since Monterrey," Development Policy Review, Overseas Development Institute, vol. 31(1), pages 75-98, January.
    2. Kathrin Berensmann, 2004. "New ways of achieving debt sustainability beyond the enhanced HIPC Initiative," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 39(6), pages 321-330, November.
    3. Sherstnev, Mikhail, 2009. "Main sources of finance for development: retrospective view on the evolution of pre-crisis ideas," MPRA Paper 22433, University Library of Munich, Germany.
    4. A. Atkinson, 2006. "Global Public Finance and Funding the Millennium Development Goals," De Economist, Springer, vol. 154(3), pages 325-339, September.
    5. Carmen Valor, 2012. "The Contribution of the Energy industry to the Millennium Development Goals: A Benchmark Study," Journal of Business Ethics, Springer, vol. 105(3), pages 277-287, February.
    6. Rolf H. Weber, 2012. "Public-private partnerships as incentive to foster sustainable technologies," Chapters, in: Larry Kreiser & Ana Yábar Sterling & Pedro Herrera & Janet E. Milne & Hope Ashiabor (ed.), Green Taxation and Environmental Sustainability, chapter 12, pages 177-193, Edward Elgar Publishing.

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