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On MDGs, the Post-2015 Development Agenda, and the World Bank Group
1. On MDGs, the Post-2015
Development Agenda,
the Financing Challenge, and the
World Bank Group
Mahmoud Mohieldin
Corporate Secretary and President’s Special Envoy, World Bank Group
1
December 1st, 2014
9. 1. End poverty in all its forms everywhere
2. End hunger, achieve food security and improved nutrition, and promote sustainable agriculture
3. Ensure healthy lives and promote well-being for all at all ages
4. Ensure inclusive and equitable quality education and promote life-long learning opportunities for all
5. Achieve gender equality and empower all women and girls
6. Ensure availability and sustainable management of water and sanitation for all
7. Ensure access to affordable, reliable, sustainable, and modern energy for all
8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and
decent work for all
9. Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation
10.Reduce inequality within and among countries
11.Make cities and human settlements inclusive, safe, resilient and sustainable
12.Ensure sustainable consumption and production patterns
13.Take urgent action to combat climate change and its impacts*
14.Conserve and sustainably use the oceans, seas and marine resources for sustainable development
15.Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests,
combat desertification, and halt and reverse land degradation and halt biodiversity loss
16.Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and
build effective, accountable and inclusive institutions at all levels
17.Strengthen the means of implementation and revitalize the global partnership for sustainable
development 9
Proposed Sustainable Development Goals (SDGs)
Source: UN Open Working Group
10. How Will We Meet Our Sustainable
Development Goals?
Finance
Data
Implementation
•Household well-being
•Sustainability
•National accounts
•Administrative data systems
•Domestic resource mobilization
•Better and smarter aid
•Better access to finance, PPPs, bond
markets
•FDI, remittances, philanthropic finance
•Effective institutions
•Effective policies
•Look beyond sector silos
11.
12. Financing Timeline
October 2014 --
Annual Meetings
Seminar on FFD –
issues paper
April 2015 – Issues
paper finalized and
discussed at Spring
Meetings
July 2015 – Third
International
Conference on
Financing for
Development, Addis
Ababa
September 2015 –
SDGs announced at
UN General
Assembly
October 2015 –
Annual Meetings
seminar on means
of implementation
December 2015 –
21st COP to the
UNFCCC in Paris
18. Reaffirms the special role that the international financial and trade institutions, in particular the major
institutional stakeholders involved in the financing for development follow-up process, should play in all
aspects of the third International Conference on Financing for Development, including their active
involvement in its preparatory work, following the experience of the Monterrey and Doha Conferences
(UN Resolution on Modalities for the Conference, 2014.)
13. Lessons from the existing MDG framework
• The original MDGs were articulated independently of a financing
framework (Monterrey 2002).
• In a context of fiscal consolidation, discussion of post-2015 goals
must be integrated with consideration of supporting financing.
• No quantity of financing, whether grant, concessional, or non-
concessional, can achieve the development goals without supporting
policies and a credible commitment to combating poverty.
• Costing MDGs requires too many assumptions (WDR 2004), and is
not the objective of this exercise.
13
14. The SDG Financing Challenge
Social Needs
Sustainable
Financing Needs
Global and Regional
Public Goods
• Poverty
• Hunger, Food Security and Nutrition
• Health
• Education
• Gender
• Water and Sanitation
• Energy
• Infrastructure
• Jobs and Growth
• Cities and Human Settlements
• Climate Change
• Oceans, Forests, Biodiversity
• Development data
15. Critical Components of FFD
FDI, remittances,
philanthropic
finance
Better Access to
Finance, PPPs, Bond
Markets
Improving
domestic resource
mobilization
Better and Smarter
Aid
Supportive Framework for Development Cooperation
Source: Financing Development Post-2015, World Bank
16. Financing Flows by Type of Finance
16
Source: Report of the Intergovernmental Committee of Experts on Sustainable Development Financing (2014), United Nations
17. Net capital flows to developing countries
17
Estimated world inward FDI flows to developing
economies by sector and industry 2009-2011*
Net capital flows to developing
countries in 2012 ($ billions)
Source: World Bank – World Development Indicators Database, 2014.
18. Optimizing Financing for Development
18
Source: Report of the Intergovernmental Committee of Experts on Sustainable Development Financing (2014), United Nations
21. The World Bank Group
World Bank (IBRD and IDA) + IFC + MIGA + ICSID
Commitments:
$18.60
Disbursements:
$18.76
Commitments:
$22.24
Disbursements:
$13.43
Commitments:
$17.26
Disbursements:
$8.90
Gross
issuance:
$3.16
Commitments: $65.58
Disbursements: $44.40
In billions of dollars, FY 14
23. Message: The WBG: Fit-for-purpose
• The WBG is well positioned to implement the SDGs.
• It has just undergone a major transformation that puts in place a structure
that is fully aligned with the implementation challenges/opportunities of
the SDGs.
• On the finance side, the IBRD’s financial “margins for maneuver” have
been overhauled, substantial increases in IDA’s funding, reformed and
aligned trust funds. With the One WBG approach, there is strong capacity
to leverage different sources of finance - we are getting more effective at
doing that with the private sector in particular.
• The newly established Global Practices largely reflect the issue areas
covered by the SDGs.
• More importantly, the emphasis on cross-Practice, i.e. inter-sectoral
linkages, is at the core of the SDG agenda.
23
24. Proposed Goals and WBG Organization
SDG Issue Areas GPs , CCSAs and other WBG units
Poverty Poverty
Hunger, food security and nutrition Agriculture
Healthy lives Health, Nutrition and Population
Quality education Education
Gender equality and empowerment Gender
Water and sanitation Water
Affordable and sustainable energy Energy and Extractives
Inclusive and sustainable growth and jobs Jobs; Social Protection and Labor
Infrastructure and industrialization Transportation and ICT, Public-Private Partnerships, Trade and
Competitiveness, Finance and Markets
Reduced inequality Poverty, Macroeconomics and Fiscal Management, DEC
Cities and human settlements Urban, Rural and Social Development
Sustainable consumption and production Climate Change
Combat climate change and its impacts Climate Change
Oceans and marine resources Environment and Natural Resources
Terrestrial ecosystems Environment and Natural Resources, Agriculture
Peaceful and inclusive societies, justice, and institutions Fragility, Conflict and Violence, Governance
Means of implementation and global partnership Trade and Competitiveness, Macroeconomics and Fiscal Management, Finance
and Markets, DEC Data, OPCS 24
25.
26. • 2.9 billion or nearly half the world’s population is under 25. Today’s youth will be responsible
for delivering the post-2015 development agenda.
• Youth are invited to join the Ideas for Action competition’s mailing list for information on
competition activities and to receive updates. Teams are self-selected and made up of 3 to 5
members, ages ranging from 18 to 35 years old.
Winners of the competition will be given an opportunity to influence the Post-2015 financing and
implementation discussions , including:
• Present winning proposal at the IMF/World Bank Spring Meetings in Washington DC in April
2015, and at the IMF/World Bank Annual Meetings in Lima, Peru in October 2015
• Engagement with experts from development organizations, academia, and business on finance
for development Post-2015
• Participation in a boot camp, where the winners will visit a company, organization, or
university to take part in specific project implementation and get hands on experience
• Participation in the Wharton School of Business Executive Development Program and
Knowledge Exchange
To submit your proposal, please visit: http://www.zicklincenter.org/#!ideascompetition/ccl3
Ideas for Action Competition
Compare to 8 MDGs, 21 targets
The proposed post-2015 development agenda is significantly more ambitious than the MDGs, a set of development goals aimed ensuring at the most basic services for the world’s poor. The post-2015 agenda embraces concepts of environmental, social and economic sustainability. It encourages every country to eradicate poverty, promote sustainability, and protect the natural resource base of social and economic development
In November 2012 the Management team discussed the themes of WB engagement in the Post-2015 Agenda with the Board: accelerating progress on the MDGs, addressing data gaps, contributing to the Post-2015 agenda, and ensuring links to Rio+20 and the SDGs.
Accelerating progress on MDGs is seen as important in itself, but also as strengthening the foundation for a more ambitious post-2015 agenda.
The WBG’s restructuring has created an organization that is fit-for-purpose, unlike any other, to implement the SDGs. This represents an historic opportunity for the WBG
FFD provides a filter to check realism of goals. It supports our clients in thinking through financing solutions. And work on FFD with MDBs provides a stimulus for innovation and stronger partnership within the community of MDBs.
The “data revolution” is an opportunity to shore up the foundations of good policy making, improve monitoring and accountability, and stimulate new research and knowledge.
WBG’s contributions to shaping goals and indicators are a way of putting the accumulated knowledge and expertise of the Bank to work. Examples of poverty and energy indicators.