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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.

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File URL: http://dx.doi.org/10.1787/580523311442
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Bibliographic Info

Paper provided by OECD Publishing in its series OECD Development Centre Policy Briefs with number 24.

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Date of creation: 06 Apr 2004
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Handle: RePEc:oec:devaab:24-en

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Cited by:
  1. 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.
  2. A. Atkinson, 2006. "Global Public Finance and Funding the Millennium Development Goals," De Economist, Springer, vol. 154(3), pages 325-339, September.
  3. Atkinson, A. B., 2005. "Funding The Millenium Development Goals," Research Series, Economic and Social Research Institute (ESRI), number GL33, July.
  4. Kathrin Berensmann, 2004. "New ways of achieving debt sustainability beyond the enhanced HIPC Initiative," Intereconomics: Review of European Economic Policy, Springer, vol. 39(6), pages 321-330, November.

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