TITLE: Financing the future: how international public finance should fund a global social compact to eradicate poverty
AUTHOR(S): Greenhill R, Hoy C, Carter P, & Manuel M.
ABSTRACT: The Sustainable Development Goals set in 2015 will shape global development policy for the next 15 years. This report from the ODI argues that while the SDGs are achievable, a considerable shift in development policy will be necessary in order to reach the targets. Increasing public finance must be a key pillar of this new approach to development, but the ODI report estimates that the low current levels of tax capacity of the poorest countries are inadequate to pay for the SDGs, leading to an estimated $84 billion annual financing gap for social services and social protection alone.
The Development Policy Centre has also written a blog about the paper's findings.