{UAH} Fwd: FW: Christian Paradis on the power of blended finance

fyi
Date: Thu, 14 May 2015 16:24:26 -0500
From: info@devex.com
To: georgeokello_8@hotmail.com
Subject: Christian Paradis on the power of blended finance






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May 14, 2015








QUOTABLE











"Gender inequity poisons the entire planet, each and every one of us,
women and men."







- Deepa Narayan, member of the World Economic Forum's Global Advisory Councils

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DEVELOPMENT BUZZ












Turning billions into trillions: The power of blended finance


By Christian Paradis









This September, the Millennium Development Goals will expire and be
replaced by the sustainable development goals.
As the development agenda evolves, we need to change the way we
finance development, too.

In 2014, development assistance spending from all governments totaled
$135 billion.
The estimated cost to meet the proposed SDGs is in the trillions.
This is an insurmountable gap to address through government
funding alone.
We need to find new ways to mobilize both public and private
investments into developing countries to build sustainable development
outcomes.

To address these financing gaps, Canada has developed a number of tools.
We just announced plans to establish a Canadian Development
Finance Initiative.
Housed within Export Development Canada, the Canadian DFI will
provide financing to private firms and foundations for commercial
projects in low- and middle-income countries that have development
outcomes, but cannot find private sector financing.

This decision was inspired, in part, by the success of the Canada
Investment Fund for Africa, which used government funds to make smart
investments in private companies throughout Africa.
The fund created development benefits by supporting the growth
and profitability of these businesses, which in turn generated jobs
and revenues local governments could use to provide basic services.
It also increased trade and investment between Africa and Canada.

Our government is also working to improve another important source of
private money that goes to developing countries — remittances.








READ more ON DEVEX.COM |
















PHOTO OF THE WEEK












Swimming with ideas







Nearly a year ago, this group of young people made a trip to the
Monterey Bay Aquarium for a thought-provoking mission.
What was it?

Get the full picture and share your own with us on Facebook.






















Remember that infectious disease?







The World Health Organization recently released new best practices on naming
human infectious diseases in a bid to prevent stigma or negative
consequences resulting from linking disease names to places, people or
animals.
Know of any examples? We give you five.




READ MORE ON
DEVEX.COM |





















#INNOV8AID











How to build global coastal resilience: Past, present and future challenges









Coastal communities face growing threats damage due to the changing climate.
Michael W.
Beck, lead marine scientist at The Nature Conservancy, shares
an approach to help reduce natural disaster risks for those living in
low-lying, exposed areas near mangrove forests.

READ MORE ON DEVEX.COM

























VUVUZELA











Sounding off on foreign aid localization








"Localization" has been dominating discourses on foreign aid delivery
for some time now, but the conversation appears to be evolving.

In a column last week, Devex President and Editor-in-Chief Raj Kumar
suggested that some aid organizations now stress "sustainability"
rather than "localization."

Kumar noted: "Today, because [official development assistance] is so
dominant in so many countries, localization has led to real
competition between implementing organizations that are truly local,
indigenous, and organic, versus those that are affiliates of
[international nongovernmental
organizations].
But these divisions will become less important as ODA becomes a
smaller part of the funding base for NGOs and contractors.
[The United States Agency for International Development] itself
has shifted its thinking in this regard ...
saying that what it's after is '100 percent sustainability.'"

Devex readers chimed in on the sustainability vs.
localization debate.

For some, there's nothing new about the concept of localization;
others believe there's no difference between sustainability and going
global.


Read more and join the conversation!














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SPECIAL NOTICE











European Development Days 2015 — registration deadline, May 24!








The European Development Days, Europe's premier forum on global
cooperation and development is the flagship event of the European Year
for Development 2015 — the first ever European Year to focus on
foreign affairs.

On June 3-4 in Brussels, Belgium, EDD15 will play host to more than
130 sessions including high-level discussions, lab debates,
brainstorming sessions and press briefings.
You will hear from global leaders, visionaries and leading
experts on development cooperation while networking with professionals
from around the world.
Participants will address issues such as the conditions for
creating sustainable growth, the promotion of universal and
fundamental rights, and how greater cooperation among stakeholders and
donors can help to eradicate poverty and reduce inequality.

Some distinguished speakers expected to attend this year include
Jean-Claude Juncker, Melinda Gates, HM Queen Mathilde, the Prime
Minister of Bhutan and Federica Mogherini.

At the 50-stand Practice Village, participants will be able to see for
themselves the benefits of international cooperation through concrete
examples and learn all about innovative projects and reports that are
solving the world's most pressing challenges in new ways.
EDD15 will serve as an incubator and catalyst of new ideas to
inform our shared aim of a poverty-free, sustainable and fair world.

Deadline for registration is Monday, May 24.
Register today!

EDD15 is free of charge.
Our goal is to make EDD15 the most inclusive edition yet.
So, please do share the invitation with your colleagues and
promote #EDD15 on social media.

Each year, the forum attracts over 5,000 participants from over 140
countries, representing 1,200 organizations from the fields of
development cooperation, human rights and humanitarian aid.
The EU also engages political leaders, development
practitioners, the private sector and civil society in shaping the
EU's policies for tackling poverty worldwide.














































































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