Open Data for the Future
This week on Deeper Than Data, we're talking all about the 3rd Financing for Development Conference in Addis Ababa with AidData's Director of Policy and Communications Samantha Custer and Oxfam America's Policy and Advocacy Manager for Aid Effectiveness David Saldivar. We focus on the transition from the MDGs to the SDGs and the ever-changing landscape of aid and assistance for development, and we make the case for transparency and open data for the future.
Listen to Episode 3 of Deeper Than Data on Soundcloud or iTunes.
This week, all eyes are on Addis Ababa as world leaders attempt to agree on a way to finance development for the next 15 years. The United Nations Conference on Trade and Development (UNCTAD) estimated that if the world wants to achieve the Sustainable Development Goals (SDGs), total investment in developing countries needs to be $3.3-4.5 trillion annually. Right now, yearly investment commitments are at only about $1.4 trillion.
Discussions at the UN in preparation for FFD3 indicated the need for a “new social compact” to provide services and support to people in low- and middle-income countries. Financing for equitable, sustainable development may be available as official development assistance (ODA) from the Development Assistance Committee (DAC) and non-traditional donors, foreign direct investment (FDI), domestic resource mobilization, and more. Additionally, the international community has indicated plans for a technology bank to address technology gap for LDCs and more substantial and transparent tax systems for developing countries are all proposed ways of funding this new social pact.
The stakes are high for sustainable development, with a increasing number of goals and targets, as well as an growing diversification in the sources of funding low- and middle-income countries can harness for the future. As AidData’s Director of Policy and Communications Samantha Custer reminded us in the latest Deeper Than Data podcast episode, though, “we need to be better stewards of the resources that are available [for sustainable development].” Citizens, governments and development partners cannot monitor progress if information on financing and results is hidden under lock and key. In the excitement of FFD3, it is important to remember the importance of open data for the future. In global development, knowledge is power.
Here are a few other blog posts on AidData's The First Tranche relating to the MDGs, SDGs, and FFD3:
July 13, 2015: This Week: Looking Back Before You Leap
April 27, 2015: Embracing Development Cooperation in the Post-2015 Agenda
February 18, 2015: Staging a Geospatial Data Revolution
July 14, 2014: This Week: The Succinctly Didactic Goals?
Septermber 30, 2013: This Week: Open Data as a Cornerstone of a Post-2015 Partnership