This Week: Understanding the Resource Landscape is Essential to the Success of a Post-2015 Agenda
With 2015 fast approaching, policymakers and practitioners are seeking to evaluate the effectiveness of efforts undertaken to meet the eight Millennium Development Goals and look forward to what should come next. A critical output of this introspection must be in the framing of a post-2015 agenda that incorporates lessons learned and builds further momentum to end extreme poverty.
Photo courtesy of Development Gateway.
One critical lesson learned is that addressing poverty requires interventions that cut across traditional sector divides. According to the Organization for Economic Development’s 2013 Development Co-Operation Report released on December 5, the world needs to move beyond economic growth to empowering people in order to address extreme poverty. “Broader measures [are needed] that address poverty and development not only as a question of income, but also of inequality, sustainability, inclusiveness and wellbeing,” OECD Secretary General Angela Gurria said in a recent Guardian article. DevEx’s Yael Velleman makes a similar argument in his article “Time Running Out on MDGs” calling for “goals and targets that cut across sectors.”
The eclipsing of official development assistance by other forms of funding directed towards development reveals a second lesson learned – building momentum to end extreme poverty requires a better understanding of the whole resource landscape. Andy Sumner, Co-Director of the International Development Institute at King’s College London argues that while traditional aid money from Development Assistance Committee countries remains important, donors should consider different types of aid flows in the coming years, given that official development assistance now accounts for less aid money than other financial flows including remittances and foreign direct investment. Tim Strawson, a Senior Analyst with Development Initiatives, asserts that the key to ending poverty is leveraging aid as a catalyst to mobilize a larger pool of resources “towards development in a way that maintains transparency and accountability principles.”
As the development community deliberates a post-2015 agenda to end extreme poverty, access to better information on diverse development resources and programmatic interventions across multiple sectors is essential to target aid more effectively and maximize its impact. AidData 3.0 publicizes and organizes development finance information in an easily accessible format to do just that. With the ability to compare development resources by flow type – foreign direct investment, remittance, and official development assistance – and across sectors, policymakers and practitioners can plan how to mobilize additional resources and where to make investments to address areas of greatest need and opportunity.
Ellie Kaufman is a Communications Associate with AidData.