Securing Sustainable Solutions to the African Debt Crises

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Thematic Focus Area 3: International Public Finance

 

Strategic Objective 1: Development Effectiveness: To influence African governments and development partners to implement development effectiveness principles and practices.

 

The development landscape has shifted remarkably ever since the MDGs were agreed in 2000. The landscape has seen the shift from a framework in which ODA is seen the solely agreed methodology to fund development to a framework in which multiple providers of finance have emerged. However ODA will continue to be a viable source of development cooperation. 

 

The quality, impact and effectiveness of development cooperation including adherence to agreed develop­ment cooperation effectiveness principles of transparency and shared responsibility, partnerships for development, focus on results and ownership of development priorities by developing counties, has improved. The post-2015 development framework will thus require adequate finance and the success of sustainable development goals will require good polices and credible institutions to increase the impact of resources allocations for gender equality and women’s empowerment, taking advantage of additional finances both from domestic and foreign investments from both public and private sources. There is growing consensus that development finance should follow the principles set out in the Busan Partnership agreement, The Addis Ababa Agenda for Action and the United Nations Sustainable development goals framework and all these should have strong linkages with the Beijing Platform.

 

The post 2015 agenda will require international public finance to catalyse country level development and AFRODAD will work towards ensuring that the development effectiveness principles are implemented and adhered to by both donors and developing countries.