Financing development for a beyond 2030 agenda: Road-to-2030 series
B odo Ellmers The debate over a global development agenda beyond 2030 has begun. One lesson should shape it from the outset: Ambitious goals are meaningless without the means to achieve them. The 2030 Agenda was underfunded from the beginning: The financial framework the international community could agree on were never sufficient to make the Sustainable Development Goals (SDGs) achievable. The promised "billions to trillions" model - assuming that a few billion in public finance would mobilise trillions in private investment - never mobilised private capital at anywhere near the scale required. Ten years on, less than half of SDG targets with available trend data are on track or showing moderate progress and the annual financing gap has grown to more than US$4 trillion. In this new paper for the Friedrich-Ebert-Stiftung, Bodo Ellmers outlines the current state of reform proposals on taxation and innovative finance, draws on good practice in international fiscal ...