Towards sustainable development finance?

Jan Van de Poel, policy officer 11.11.11

@jan_vandepoel, Jan.VandePoel@11.be

Diagnosis today

Development discourse focuses on growth

Social and ecological sauce

We have the analysis, principles and experiments

Policies are lagging behind

2015: key moment

From MDG’s to SDG’s

The17 SDG’s

MDG's vs SDG'sMDG's SDG's

Door wie? Experts Inclusief proces

Waarover? Armoedebestrijding Armoedebestrijding + duurzame ontwikkeling

Wat? 8 doelstellingen, 18 targets

17 doelstellingen, 169 targets?

Wanneer? 2000 – 2015 2016 – 2030

Waar? Ontwikkelingslanden Universeel

Sustainable development finance post-2015

1. More money flows out of developing counrties than in

2. Un(under-)regulated capital flows cost developing countries

3. Domestic finance is mire important than international flows

Net inflows (2011, bn $)

In Uit Net

Remittances 343 39 304

Loans (private/public) 710 513 197

ODA 166 25 140

FDI 472 420 52

NGO’s, foundations 45 0

Portfolio equity 18

Other Official Flows 79 65 14

Total 771

Outflows versus ‘cost of unregulated capital’

Domestic resources more important than international flows

Conclusions/recommendations

1. Mobilizing domestic resources is crucial

2. Quality more important than quantity Pro-cylical/volatile

Don’t fall into the ‘leveraging trap’

3. Need to address systemic issues Tackle tax dodging

Sustainable solutions to debt crisis

Monetary alternatives

4. Address public finance gap