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Report of the Inter-Agency Task Force on Financing for Development 2018

Financing for Development - Progress and Prospects

image of Report of the Inter-Agency Task Force on Financing for Development 2018

The Inter-agency Task Force Report assesses progress in the seven action areas of the Addis Ababa Action Agenda: (i) domestic public resources; (ii) domestic and international private business and finance; (iii) international development cooperation; (iv) international trade as an engine for development; (v) debt sustainability; (vi) addressing systemic issues; and (vii) science, technology, innovation and capacity building. The 2018 edition focuses on investments in water, energy, ecosystems, and cities in particular. The report primarily targets Member States, particularly policymakers from ministries of finance, trade, foreign affairs and development cooperation, as well as central banks, local authorities, regulators and parliaments.

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Overview

In 2017, most types of development financing flows increased, amid progress across all the action areas of the Addis Ababa Action Agenda (hereafter, Addis Agenda). These advances were underpinned by a broad-based upturn in the world economy, increased investment and supportive financial market conditions. While not evenly distributed—per-capita growth remains negative or insignificant in many countries where poverty rates are high—the positive momentum is expected to continue and provide a platform for further progress in financing for development and implementation of the Sustainable Development Goals (SDGs).

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