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Innovative Approaches to Funding the Millennium Development Goals

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Helmut Reisen

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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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Paper provided by OECD, Development Centre 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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  1. A. Atkinson, 2006. "Global Public Finance and Funding the Millennium Development Goals," De Economist, Springer, vol. 154(3), pages 325-339, September. [Downloadable!] (restricted)
  2. Atkinson, A. B., 2005. "Funding The Millenium Development Goals," Research Series, Economic and Social Research Institute (ESRI), number GL33. [Downloadable!]
  3. 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. [Downloadable!] (restricted)
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