A data revolution for international financial flows?

21 May 2015 by Gail Hurley, Policy Specialist on Development Finance, UNDP and Jos Verbeek, Advisor, Office of the President’s Special Envoy (SEM), World Bank

Women in Burkina FasoForeign direct investment in Burkina Faso in 2010 amounted to US$888 million including technical cooperation, according to the OECD. Photo: UNDP in Burkina Faso
In this blog series, our experts share their thoughts on key financing for development issues. At the start of 2016, the U.N. will launch a new set of Sustainable Development Goals, or SDGs, to drive development efforts around the globe. But one question still needs some thought: How will we finance these new goals? Even more questions lie within this broader question on finance. Which countries need more resources? What types of resources are needed most? Where does international finance, both public and private, currently flow? Where does it not? Answers to all of these require reliable and easy-to-understand data on all international financial flows. When governments convene in July in Addis Ababa, Ethiopia to agree on a framework for financing the new sustainable development agenda, there will be a key window of opportunity to improve the existing, haphazard approach to data collection and reporting. In one sense, we already have unprecedented data at our fingertips. Yet, for example, if you were to ask the heads of the U.N., the IMF, and the World Bank how much financing low-income countries receive in a given year and from which sources, you would receive a very different answer from each. This happens for … Read more

UNDP Around the world

You are at UNDP Egypt 
Go to UNDP Global