Getting Real About Finance for Development: A new shared platform

Enabling people and their goods to stay on the move by rebuilding rural roads in the Democratic Republic of Congo; keeping young children in elementary school in the Philippines in the wake of Typhoon Yolanda; setting up low carbon energy programs for several Central Asian countries; supporting more sustainable and resilient cities across Europe; advising governments on how to collect tax to maintain crucial public services in Peru; providing microfinance for shopkeepers and small businesses in Uruguay, and helping people get back on their feet after Nepal’s devastating earthquake.

This is what development looks like and these are real programs that represent just a fraction of the day to day work supported respectively by the African Development Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, the European Investment Bank,the Inter-American Development Bank, the International Monetary Fund, and the World Bank Group.

Most people agree on the need to help poor people living in tough circumstances, but far fewer understand what it takes. Supporting these projects and thousands more like them — from helping a single shopkeeper to building a power plant that will provide energy for tens of thousands of people will be critically important given that 2015 is a milestone year for development when we will take a fresh look at funding models and think seriously about scaling up.

These and other vital issues will be on the table from July 13-16 at the Third International Conference on Financing for Development in Ethiopia and will continue through to a September UN summit on the post-2015 development agenda, then to a climate summit in Paris in December. Success in these discussions and the decisions that need to be made will be key to the future of people everywhere and will be vital to our living planet.

Read more from Finance for Development.