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By Galijang Shampang
Introduction to Development Finance
assuring that the necessary financial resources are mobilized and utilized in
an efficient, effective and sustainable way so as to promote development and
meet particular sustainable development outcomes and goals
Strengthening of tax administration, fight against fraud and tax evasion are
crucial for domestic resource mobilization effectively and efficiently.
GVCs (Global Value Chains) have been the motor behind the massive
expansion in trade among developing countries.
trade.
5. Debt and debt sustainability
Managing sovereign debt and addressing debt crises when they do occur has
been on the agenda of Financing for Development.
Fostering appropriate debt financing, debt relief, debt restructuring
and supporting sound debt management, as appropriate.
Invite the IMF and World Bank to strengthen the analytical tools for assessing
debt sustainability
6. Addressing systemic issues
The importance of coherence and consistency of the international financial,
monetary and trading system.
eradication.
Call on IFIs to align their business practices with the 2030 Agenda for
Sustainable Development
Contd…
The STI capabilities of a country depend not only on access to a growing stock
of science and technology, but also on the quality of interactions among the
innovation actors.(Innovation systems)
lack of an appropriate innovation system to ease interaction among key actors
Bridging the formal and informal sector is especially difficult in circumstances
of high social disparities.
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