• Despite post-Monterrey donor initiatives, the Millennium Development Goals (MDGs) are underfinanced.
• The revenue potential, the additionality and the speed of availability of new finance sources, and their political feasibility, are of particular importance.
• On these criteria, it is unlikely that global taxes will be introduced in time.
• The International Finance Facility, strengthened use of public guarantees and Global Premium Bonds, perhaps in combination, may stand a better chance of providing additional funds for the MDGs.
• The most straightforward way to avoid underfunding of the Goals is to raise ODA further.
Innovative Approaches to Funding the Millennium Development Goals
Policy paper
OECD Development Centre Policy Briefs
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Abstract
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11 March 2008