1. Innovative Approaches to Funding the Millennium Development Goals
- Author:
- Helmut Reisen
- Publication Date:
- 04-2004
- Content Type:
- Policy Brief
- Institution:
- The Organisation for Economic Co-operation and Development
- Abstract:
- At the United Nations Millennium Summit in September 2000, world leaders adopted the Millennium Development Goals (MDGs), which set clear targets for reducing poverty, hunger, disease, illiteracy, environmental degradation, and discrimination against women by 2015.The need for additional development funding, if the MDGs are to be achieved by 2015, is widely recognized. The figure of additional $50 billion per year, roughly the present total of ODA spent by DAC donors, is often quoted (e.g. Zedillo Report). This estimate is of back-of-the-envelope nature, and it seems to be the minimum estimate. If governments exclude the option to abandon the MDGs, they have either to double the existing ODA or to find alternative sources of comparable magnitude–or a balance of the two. The challenge to the international community is mounting by the day.
- Topic:
- Agriculture, Economics, Environment, Human Rights, International Organization, Political Economy, and United Nations