EC proposes key principles for financing poverty eradication and sustainable development after 2015
Today, the European Commission adopted a Communication proposing key principles for financing poverty eradication and sustainable development after 2015, when the target date of the current Millennium Development Goals (MDGs), is reached.
Although the emphasis of the Communication is on developing countries, its approach can be universally applicable, with principles to which every citizen could relate to.
The Communication builds on the recent policy document ‘A Decent Life for all: Ending poverty and giving the world a sustainable future’, which focused on the “what” to put on the future development framework, to turn the attention to the “how” to finance it.
Today’s policy paper examines the different financial resources available; public and private, both at the domestic and international level (from taxes to grants, private investment or philanthropy).
The Communication also calls for enhanced transparency and mutual accountability at national and global level of all finance to ensure it is used more effectively on sustainable development.
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