![by the financial evils such as corruption, it is necessary to form the laws that minimize the
requirements of ‘subjective’ assessments on the part of Government revenue officials, and
promote the construction of legislations that don’t possess more than one interpretation.
On the other part, it is also not obvious on the part of the private players to contribute
to the development finance goals, if the means to achieve those goals are not return-worthy
enough! Of course, the businesses do understand the necessities of financial advancement of
the society in their own growth path, but that doesn’t necessarily trigger actions from their side
towards the development finance initiative. The financial products have to be engineered such
as to make the initiatives seemlucrative either from high returns perspective, or from low risks
perspective. For this, a collaborated partnership between the public and private players is
imperative.
Apart from above, the international organizations such as IMF, MDBs provide assistance
to both – the Government and private entities to help them achieve the goals.
Hence, a positive partnership among all of those responsible for development is only
what will make it possible for the world to succeed in the much required Sustainable
Development Goals[SDGs] by the year 2030.](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
Recomendados
Recomendados
Mais conteúdo relacionado
Último
Último (20)
Destaque
Destaque (20)
Financing for Development MOOC Final project
- 1. There are a number of things about financing for development that are important and that I have learned during the course, but amongst all, one thing stood out to be the most important point of learning for me was that the objectives of development cannot be achieved completely and efficiently without the collaboration among all the players- public and private, domestic and international, governmental and non-governmental. While it is clear that all the players contribute equally to achieve the development goals, it is of the most importance on the part of the Government to intervene and act positively in order to let all the other players end up contributing to making a difference. Unless and until the Government sets up an environment comforting enough for them to act, the above linkage will end up broken and unsatisfied. When it comes to policy and regulation on the part of the Government, it does not just mean the formulation of policies supportive to development finance; it also means the formulation of efficient internal processes and laws that prohibit the existence of illicit financial flows and corruption. For developing countries like India, where the growth is hindered mostly Public Domestice Private Domestice Public International Private International
- 2. by the financial evils such as corruption, it is necessary to form the laws that minimize the requirements of ‘subjective’ assessments on the part of Government revenue officials, and promote the construction of legislations that don’t possess more than one interpretation. On the other part, it is also not obvious on the part of the private players to contribute to the development finance goals, if the means to achieve those goals are not return-worthy enough! Of course, the businesses do understand the necessities of financial advancement of the society in their own growth path, but that doesn’t necessarily trigger actions from their side towards the development finance initiative. The financial products have to be engineered such as to make the initiatives seemlucrative either from high returns perspective, or from low risks perspective. For this, a collaborated partnership between the public and private players is imperative. Apart from above, the international organizations such as IMF, MDBs provide assistance to both – the Government and private entities to help them achieve the goals. Hence, a positive partnership among all of those responsible for development is only what will make it possible for the world to succeed in the much required Sustainable Development Goals[SDGs] by the year 2030.