Image Source: un.org
Global development in the contemporary epoch hinges on a delicate balance of financial flows. For developing countries, ensuring that more resources flow in than out is critical to sustaining growth and reducing poverty. Nonetheless, debt burdens, tax evasion and avoidance, and declining investment continue to challenge progress. The recent United Nations (UN) International Conference on Financing for Development (FfD4) in Seville – the largest in a decade – underscored that meeting the Sustainable Development Goals (SDGs) requires moving beyond aid toward an integrated financial strategy.
From Aid to “Aid Plus” Model
Over the past two decades, the development finance agenda has shifted from…