ICTSD Financing Africa’s Development

Posted on: 03/03/2017

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With the global 2030 Agenda for Sustainable Development, as well as Agenda 2063, the continent’s own development vision, Africa aspires to fulfil major development objectives in the coming years. A key challenge for African countries to succeed in these ambitious development efforts will be to mobilise adequate financial resources, and use them effectively so as to reduce poverty, transform their economies, and create the conditions for inclusive and sustainable prosperity.

Considering the scale of Africa’s financing needs, the task is not an easy one. While assessing the amount of financial resources needed in a precise manner remains extremely complex, it is clear that achieving the Sustainable Development Goals (SDGs) in Africa will require the provision of an unprecedented level of development finance.

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