Ban Ki-moon Backs Tax for Development

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.

Devex News – live breaking news coverage of the Millennium Development Goals and the Sept. 20-22 U.N. MDG summit in New York.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.