LATER this year governments around the world will make sweeping commitments in two of the most important areas of global public policy, development and the environment. They will do so by signing up to two compacts: the first a vast wishlist of sustainable-development goals at a meeting in New York in September; the second a global treaty to rein in climate change in Paris in December. These promises will mean practically nothing without money. Hence the significance of a third, far less-heralded conference, on financing development, that is due to be held in Addis Ababa on July 13th-16th.
The Addis event provides a platinum opportunity to move development financing away from a sterile debate about aid. For decades, the test of whether rich countries are serious about improving global welfare has been how much money they are willing to hand over. But aid has long provided a small share of development finance, compared with money raised via taxation or from private investors (see ...
from The Economist: Leaders http://ift.tt/1eJeI9X
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