• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News

    Emmanuel Nnadozie on innovative financing for Africa

    By Emmanuel Nnadozie // 30 November 2011
    Emmanuel Nnadozie, director of the economic development and NEPAD division at the United Nations Economic Commission for Africa.

    Emmanuel Nnadozie knows a thing or two about innovative financing for development. Read the exclusive guest opinion by the U.N. Economic Commission for Africa’s director of economic development, or check out this excerpt:

    Governments have a crucial role to play in ensuring the huge potential market for new sources of development finance is realized. Most of the suggested innovative mechanisms rely on building the confidence of the private sector to participate in this market. Governments therefore need to be in the forefront in 1) developing and encouraging the market for these instruments where there is clear market failure (e.g. through provision of partial guarantees or securitization of future public financial flows), 2) providing an appropriate legal and policy environment that will encourage market development and deepening, and 3) ensure the new mechanisms do heighten macroeconomic and debt sustainability risks.Further, the other suggested mechanisms (e.g. carbon taxation, taxation on international financial transactions or air tickets) can only be implemented through collaboration and coordination among governments. Lastly, international development institutions can leverage their various strengths to help in building the capacity of the market players (including governments) and provide technical assistance and relevant information that help in promoting the various markets and instruments for innovative finance. In this regard, ECA will continue to intensify its efforts through policy support, knowledge and experience sharing and technical support to African countries in mobilizing resources for development.

    Read Emmanuel Nnadozie’s full op-ed, brought to you by Devex in partnership with the United Nations Foundation.

    • Banking & Finance
    • Private Sector
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Emmanuel Nnadozie

      Emmanuel Nnadozie

      Emmanuel Nnadozie is the director of the economic development and NEPAD division at the United Nations Economic Commission for Africa. He was the former senior economist and chief of the United Nations Coordination Unit for AU/NEPAD support and focal point for the African peer review mechanism at ECA. Nnandozie previously served as chief planning officer at the World Bank's Agricultural Development Program in northern Nigeria.

    Search for articles

    Related Stories

    Devex Pro LiveAs US aid falters, development finance trends to watch in 2025

    As US aid falters, development finance trends to watch in 2025

    Economic DevelopmentTariffs and aid cuts jolt Africa’s growth — but the overall outlook is upbeat

    Tariffs and aid cuts jolt Africa’s growth — but the overall outlook is upbeat

    FinanceOpinion: Pension funds are underused in financing Africa’s infrastructure

    Opinion: Pension funds are underused in financing Africa’s infrastructure

    Development FinanceOpinion: In Sevilla, a moment to bridge the development finance chasm

    Opinion: In Sevilla, a moment to bridge the development finance chasm

    Most Read

    • 1
      How to use law to strengthen public health advocacy
    • 2
      Lasting nutrition and food security needs new funding — and new systems
    • 3
      House cuts US global education funding 20%, spares multilateral partners
    • 4
      The power of diagnostics to improve mental health
    • 5
      Opinion: The pursuit of remission — from possibility to priority
    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement