开始时间: 04/22/2022 持续时间: 4 weeks
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所在平台: CourseraArchive 课程类别: 其他类别 大学或机构: The World Bank |
课程主页: https://www.coursera.org/course/fin4devmooc
课程评论：没有评论
The reason 2015 is a critical year for development is that in September the United Nations is expected to adopt Sustainable Development Goals (SDGs) that will establish a new global framework for development for the next 15 years. Since 2000, the global development framework has been defined largely by the Millennium Development Goals (MDGs), set to expire at the end of 2015. The SDGs will replace the MDGs as global development objectives. Financing for development will underpin the achievement of the new goals - the SDGs, and scaling up globally to mobilize the needed finance will present substantial challenges.
So far this year, a conference on financing for development took place in Addis Ababa, Ethiopia, in July. This conference laid out a foundation for how development should be financed to achieve the SDGs. In September, the UN will host a summit for the adoption of the post-2015 development agenda in New York. Later this year, in December, a Conference of the Parties of the UN Framework Convention on Climate Change is planned in order to adopt a binding global agreement on the long-term reduction of greenhouse gas emissions. Achieving those objectives will also be quite expensive.
Financing this ambitious post-2015 agenda will need a different magnitude of financing, one that will surpass the current capacities of governments and international donors-the traditional anchors of development finance. It will demand ambition in using the “billions” in Official Development Assistance (ODA) to attract, leverage, and mobilize “trillions” in investments of all kinds: public and private, national and global, in both capital and capacity. It will require making the best possible use of each dollar from every source, drawing in and increasing available public resources as well as private sector finance and investment.
This course will familiarize participants with the approaches currently under discussion among global leaders on financing the new development agenda. It includes terminology, key concepts, the main sources of development finance: public, private and commercial, and multilateral-and the need for increased use of innovative financing solutions to mobilize and leverage domestic and official development resources alongside private resources. Participants will hear from prominent government and international organization officials and leaders from the private sector who have considerable first-hand experience in preparing and implementing development plans at the international and country level, and in forging public-private collaborations in development projects. They will hear directly about challenges and successes in mobilizing billions to generate the trillions and taking actions needed to meet the evolving global development agenda.
The course includes video presentations, core reading materials and links to further videos, additional readings and, for those with the time and inclination to delve more deeply into the topic,
quizzes, discussion boards, two Google Hangouts, and Twitter chats, and other interactive features
that encourage active learning with opportunities to discuss course topics with other course
participants and development practitioners.
Overview
This overview presents the main topics the course will cover:
Week 1: Introduction to Financing for Development
The first Module defines financing for development and its purpose, describes the main sources of
finance and the principal parties involved in financing for development projects, discusses the trends
in development finance and outlines why a paradigm shift is needed to reach the SDGs. The Module
also presents the existing general framework for development that includes the outgoing MDGs of
2000-2015 and the United Nations’ successor SDGs covering the period 2016-2030, once they are
adopted in September.
Week 2: Public Finance
The second Module introduces and explains domestic and international public finance, mainly
domestic resources and ODA, and measures that are being considered or introduced in countries to
improve their efficiency and effectiveness. Such measures include reforming tax administration to
increase revenue by broadening the domestic revenue base without increasing tax rates, improving
the accountability and transparency of the public expenditure process, reducing illicit financial flows,
and targeting the use of ODA to enhance its leverage, particularly for low-income and fragile
economies. The Module also discusses initiatives currently underway in some developing countries
to improve the investment climate for greater private investment and to foster development of
domestic capital markets to facilitate the tapping of domestic savings for development uses.
Week 3: Private and Commercial Finance
The third Module focuses on sources of domestic and international private and commercial finance.
It includes the substantial growth of foreign direct and portfolio investments and of domestic capital
markets in select developing countries. It emphasizes the growth and potential of newer sources of
private and commercial finance, such as philanthropic funds, sovereign wealth funds, pension funds,
and private equity, to be “crowded in” by more targeted use of public resources. It highlights
challenges and obstacles the private sector sees to greater mobilization of private sector funding,
including needed incentives such as greater risk-sharing and a more hospitable regulatory
environment. This Module spotlights infrastructure finance, as one of the most resource-intensive
and pervasive development sectors across the developing world, discussing the needs and the
current impediments to attracting the capital projected to be required to meet those needs.
Week 4: Multilateral Development Banks (MDBs), other multilaterals, and Wrap-up
The fourth Module provides an overview of the MDBs, explaining their business models that have allowed them to leverage their capital and equity to support a vastly greater portfolio of development projects worldwide. It also discusses innovative financing solutions used in recent years to mobilize and generate new financing flows and improve the efficient use of available funds. This Module also highlights the role of MDBs in financing global public goods (GPGs), with climate finance spotlighted as a prime example of innovative techniques and financing vehicles used to ramp up funding deployed in this critical and global area. This Module concludes with a wrap-up of the key learnings the course has attempted to convey.
Participants can participate in one of two tracks:As 2015 unfolds, an ambitious global development agenda for the next 15 years is taking shape. One that will require trillions of dollars to accomplish. Where will all that money come from? This course will illuminate the ways leaders in the public, private and multilateral sectors believe sufficient resources should and can be mobilized to fulfill that ambitious agenda.
