What does the third International Conference for Financing for Development Conference in July hold for data revolution?
The data revolution may not receive pledges yet at but at the very least, it can gain political momentum, Johannes Jütting, manager of the PARIS21 Secretariat within the Organization for Economic Cooperation and Development, told Devex associate editor Kelli Rogers on the sidelines of the Cartagena Data Festival in Colombia.
At a time when the world is experiencing a "data revolution," blank spaces persist in the statistics of many developing countries. Despite the challenges, PARIS21's Johannes Jütting is optimistic all countries, including the poorer ones, can make quick, dramatic progress.
“If we want to make this revolution happen, we need to increase funding for statistics,” he said adding that aside from aid from donors, domestic financing should also be increased to address the extra $1 billion needed for statistics.
Jütting also noted that less than 1 percent of total overseas development assistance is allotted for statistics and increasing the share to at least 1 percent can fill the current needs.