Multilateral Development Banks (MDBs) have played a central role in financing sustainable development for over eight decades. Their growing prominence in international development cooperation is evident in the First Draft of the 4th International Conference on Financing for Development (FfD4) Outcome Document, where they are mentioned over 40 times—a fourfold increase from the Addis Ababa…
The 4th International Conference on Financing for Development comes at a critical moment for climate and development finance. Despite progress—such as increased climate funding over the past years, the establishment of the Loss and Damage fund, and the inclusion of climate targets in the World Bank’s mission—important challenges persist and remain unresolved. The negotiations on…
Image by Gerhard Bögner on Pixabay
Governments’ decisions to grant preferential tax treatments have a direct impact on their ability–or inability–to finance their sustainable development goals. At the Fourth Conference on Financing for Development in June, countries must commit to greater oversight of tax expenditures, including implementing minimum reporting standards and rationalizing ineffective or harmful tax expenditures.…
The Fourth International Conference on Financing for Development (FfD4), scheduled for 30 June – 3 July 2025, presents a pivotal opportunity to address the large financing gap hindering sustainable development. The recent first draft of the outcome document of FfD4 underscores the urgency of mobilising additional and innovative financing from all sources, both public and…
Whether time moves linearly or circularly, is subject to debate in the natural and social sciences. Meanwhile, the FFD4 process suggests the primacy of circularity, at least when reading the draft outcome document’s references to “Official Development Assistance” (ODA). In brief, the document calls for scaling up the volume of ODA (colloquially foreign aid) along…