In September 2015 world leaders and citizens will set a plan and timetable to achieve a new global vision for the end of poverty, where no one is left behind. This vision will build on progress since 2000 in delivering on Millennium Development Goals (MDGs) and aims to complete the job of ending extreme poverty by 2030. But visions alone are not enough to make an impact. Every vision needs a plan – and every plan needs a budget.
At the time of the MDGs the focus on financing was on domestic resources and official development assistance (ODA). Fifteen years later it is a very different world. Domestic government revenues in developing countries as a whole are now over US$6 trillion (growing more than 2.5 times in real terms since 2000) and ODA is just 7% of international flows. The task now is to mobilise these resources in a new model of financing that brings together investments from many different quarters – public and private, commercial and philanthropic, official and voluntary.
To do that we have to know the investment needs. What will we need to invest to achieve the end of extreme poverty by 2030, and how can we do it most efficiently?
Our briefing shows why we need to cost investments for the end of poverty, summarises some of the current evidence and outlines future research that we are seeking to undertake. We welcome engagement, whether you find our research useful, have similar interests or wish to collaborate.