Key points

•    While Official Development Assistance (ODA) remains an important resource, its US$130 billion per year does not meet the financing needs of developing countries nor does it guarantee a successful implementation of the Sustainable Development Goals (SDGs) of the 2030 agenda.
•    Blending, private-public partnerships (PPPs), domestic resources mobilisation, sustainable industrialisation and diaspora remittances have been identified in the Addis Ababa Action Agenda (AAAA) as important tools to help eradicate poverty and address financing constraints.
•    The European Commission has just announced work on a partnership and investment programme similar to the European Framework for Strategic Investment (EFSI), which aims to use public funds to leverage private investment.
•    A new measurement framework, provisionally called TOSSD, or total official support for sustainable development, has been proposed by the Organisation for Economic Co-operation and Development (OECD) to better capture all development finance flows beyond ODA.