February 15, 2025 - 14:21
As the Fourth International Conference on Financing for Development approaches, experts Homi Kharas and Mahmoud Mohieldin emphasize the need to shift the focus from merely increasing aid volume to recognizing the broader roles of Development Finance Institutions (DFIs). They argue that a more comprehensive approach is essential for achieving long-term development goals.
Kharas and Mohieldin outline four critical priorities that could reshape the landscape of development finance. First, they advocate for enhancing the effectiveness of DFIs by aligning their strategies with sustainable development objectives. This includes fostering partnerships that leverage private sector investment to address pressing global challenges.
Second, they highlight the importance of innovative financing mechanisms that can mobilize additional resources, particularly in underserved regions. Third, they stress the need for improved measurement and accountability frameworks to assess the impact of development finance initiatives.
Lastly, they call for a collaborative approach among stakeholders, urging governments, international organizations, and the private sector to work together in creating a more resilient and inclusive financial ecosystem. By addressing these priorities, the conference can pave the way for more effective development financing strategies that truly benefit communities worldwide.
