United Nations Secretary-General Ban Ki-moon has thrown his support behind innovative financing mechanisms including taxes on air tickets to help raise funding for development initiatives.
Additional levies air travel and financial transactions should be explored by U.N. member states, Ban told Agence France-Presse on Sept. 14, ahead of the Millennium Development Goals summit next week.
“We need to mobilize a huge sum of money. Member states have been discussing various sources of financing, including innovative financing,’’ Ban said. “One idea was to levy a surcharge on airplane tickets. There are many countries which are now implementing this.’’
More than USD100 billion is required over the next five years to ensure achievement of the MDGs, Ban said.
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