In Opinion Piece, CGD President Discusses Leveraging Global Finance Institutions, Better Spending ODA To Achieve SDGs

Devex: Opinion: Time to get serious about financing the SDGs
Masood Ahmed, president of the Center for Global Development

“…Recognizing the need to recalibrate the projections of private finance and domestic resource mobilization is not, of course, a reason to give up on the 2030 goals. Instead, it should motivate us to move forward on at least the following two areas: Let’s first come out of the U.N. high-level dialogue committed to tapping the full financing power of global development finance institutions. … A necessary outcome is also for nations to use their official development aid more efficiently, with higher budgets. For a resource that is so precious — and getting harder to mobilize in the face of growing nationalism in many countries — it is striking how much ODA is still badly used. … Now is a good moment for each world leader to commit to improving their own aid spending policies and practices…” (9/26).