Moving beyond official development assistance and tapping into domestic resources and private sector investment was a major topic of conversation during last week’s third International Conference on Financing for Development in Addis Ababa, Ethiopia.
And as Devex’s senior global development reporter Michael Igoe reported from the ground in Addis Ababa last week, developing countries and civil society organizations say it’s not enough to ask developing countries for more domestic resources — particularly with no international system to prevent tax evasion.
However, instead of “moving beyond” ODA, is there a way for ODA itself to spur on domestic economic growth at the local level and facilitate private sector investment?
Devex spoke with Judith Karl, executive secretary at the U.N. Capital Development Fund on the sidelines of the OECD Global Forum on Development in Paris, France, in April about how UNCDF is working to make ODA a more productive catalyst for domestic resource mobilization.
Missed major #Fin4Dev pledges and developments at the #FFD3 conference in Addis? Read the highlights from each day and reactions from civil society on major developments in our running blog.
