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Date: 2024-05-23 Page is: DBtxt003.php txt00017006

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CGD ... Center for Global Development

Center for Global Development ... Sustainable Development Finance

Burgess COMMENTARY

Peter Burgess
Skip to content Using Gmail with screen readers 14 of 645,439 Sustainable Development Finance Update | July 2019 Inbox x Mark Plant Unsubscribe 11:30 AM (2 hours ago) to me CGD Update: Sustainable Development Finance Email forward icon FORWARD TO A FRIEND | VIEW ON WEB Tax to Finance the SDGs To support development, domestic resource mobilization (DRM) needs to be about more than collecting revenues—it needs to focus on equity. Given that taxes on consumption in low and middle-income countries currently make up over 60 percent of revenues, there is a great deal of room for improvement at the national level. Sanjeev Gupta and colleagues propose four priority areas for increasing equity in DRM. Read the blog >> As part of these reform efforts, we are hosting a biannual finance minister roundtable to discuss the impediments—political and structural—to raising domestic revenues. Below Sanjeev Gupta and Mark Plant provide takeaways from the inaugural meeting. Stay tuned for findings from the upcoming October meeting, where ministers will discuss how to instill a tax culture that meets the domestic resources needs of their countries. Get the recap >> What a Railway in Laos Can Tell Us about China’s Belt and Road The Chinese-financed effort to build a national railway through Laos is an anchor investment of the Belt and Road initiative (BRI). A new study from Scott Morris finds some big environmental, labor, and debt risks for the railway and for Laos. It highlights that—like many Belt and Road projects—while the railway is likely to have major benefits for the region, China’s approach to financing and executing the project means that Laos is bearing a lot of the risk without all the rewards. Read the paper >> Principles for Debt Transparency: A Promising, But Untested Commitment to Responsible Lending In May, the G20 finance ministers and central bank governors endorsed adopting the Voluntary Principles for Debt Transparency recently promulgated by the Institute of International Finance. Mark Plant reviews the Principles in detail, and while he’s found no fatal flaw, a few questions linger over implementation. More on the principles >> We-Fi: Making a Good Idea Better The Women Entrepreneurs Finance Initiative (We-Fi) has announced its second round of funding allocations, totaling $129 million to support growth for a projected 70,000 women’s businesses. Nancy Lee and Megan O’Donnell take stock and make a recommendation: open up access to We-Fi funding to a broader range of actors. More on We-Fi >> What Financing Options Do Low-Income Countries Have? The global narrative on development finance centers on helping all countries achieve the Sustainable Development Goals. Given the scale of the challenge, CGD President Masood Ahmed argues, the development community’s financing approach must shift from idealistic to realistic. Explore the options >> Please email us at SDF@CGDev.org with any comments or suggestions for other areas of research. Upcoming Event Tune in to the webcast at 1pm: What Works to Empower Women Economically: New Findings and a Policy Conversation In Case You Missed It Fiscal Challenges in Latin America: Policy Measures for Sustainable & Inclusive Growth Designing Impact Bonds: Lessons Learned from the Instiglio Experience The Future of Saving: The Role of Pension System Design in an Aging World Fiscal Policy Tools to Protect Our Planet What We’re Reading “China’s Overseas Lending,” The Kiel Institute for the World Economy “Capital flows and productivity in Africa: The angel is in the details,” Bationo et al. Getting Real on Meeting Paris Climate Change Commitments, Christine Lagarde and Vitor Gaspar “Fiscal Policies for Paris Climate Strategies—from Principle to Practice,” IMF Fiscal Affairs Dept. The Future of Saving: The Role of Pension System Design in an Aging World, Amaglobeli, et al. Economic and Social Survey of Asia and the Pacific 2019: Ambitions beyond growth, UN-ESCAP Facebook icon Twitter icon LinkedIn icon This email was sent to peterbnyc@gmail.com. This email was sent by: Center for Global Development 2055 L Street NW, Fifth Floor Washington, DC 20036 Tel 202.416.4000 | Fax 202.416.4050 MANAGE SUBSCRIPTIONS | UNSUBSCRIBE | ABOUT | DONATE | CONTACT
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