By failing to live up to their obligations, developed countries are 'doing harm'

Joseph Stiglitz, Nobel Prize-winning economist. Photo by: Stephen Jaffe / International Monetary Fund / CC BY-NC-ND

Nobel Prize-winning economist Joseph Stiglitz had hoped to spur conversations — and action — around three things while in Addis Ababa, Ethiopia, during last week’s third International Conference on Financing for Development.

The first was for all development stakeholders to have a “big change” in mindset. While development finance has evolved into more than official development assistance alone, he said, a broader perspective is still needed to find ways to unlock various sources of funding.

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    Richard Jones

    In his role as Editorial Director Richard oversees content for digital series, reports and events, leading a talented team of writers and editors, conducting high-level video interviews and moderating panels at events. Previously partnerships editor and an associate editor at Devex, Richard brings to bear 15 years of experience as an editor in institutional communications, public affairs and international development. Based in Barcelona, his development experience includes stints in the Dominican Republic, Argentina and Ecuador, as well as extensive work travel in Africa and Asia.