Murad Ali
Dr Murad Ali is Assistant Professor at the University of Malakand (Pakistan). He is currently serving as the Alexander von Humboldt Postdoctoral Fellow at the German Development Institute, Bonn, Germany.
DOI: http://DOI Number
Keywords: Sustainable Development Goal(SDGs), Millennium Development Goals(MDGs), domestic, transnational partners, Official Development Assistance (ODA), OECD, financing, gross national income (GNI), climate funds, private financing,
Abstract
The Sustainable Development Goals (SDGs) are a continuation of the unfinished plan of the Millennium Development Goals (MDGs). They are, however, more comprehensive in scope, encompassing economic, social, and environmental aspects of development. To implement the agenda, mobilization of substantial resources is needed both at the domestic level and from transnational partners. To this end, the role of development cooperation or Official Development Assistance (ODA) from traditional donors of the Development Assistance Committee (DAC) of the Organisation for Economic Cooperation and Development (OECD), as well as international cooperation from non-DAC aid-providers, is one of the key sources of financing the SDGs. While the agenda does not come up with a new discourse on the role and importance of ODA for the SDGs, aid donors have been asked to achieve the target of 0.7 percent of their gross national income (GNI) as ODA. Aggregate ODA was over $131 billion in 2015. Averaging about 0.29 percent of the GNI of DAC donors. This level is still noticeably below the internationally agreed target of 0.7 percent of their GNI. This paper examines the role and significance of international development cooperation in implementing the 2030 Agenda and achieving the 17 SDGs. Besides ODA, the paper also reflects on other means of financing such as aid from non-traditional donors, climate fund, and private financing. It argues that in view of the ambitious nature of the SDGs and lack of resources and capacities in numerous countries, there is a need for significant quantitative and qualitative increase in ODA in line with requirements of the SDGs.
First Published
March 25, 2017
How to Cite
Murad Ali, “Role of Development Cooperation in Implementing the 2030 Agenda: Time for More and Better Aid,” Regional Studies 35, no.2 (Spring 2017): 49-72, https://regionalstudies.com.pk/wp/article/role-of-development-cooperation-in-implementing-the-2030-agenda-time-for-more-and-better-aid/
Issue
Volume 35, Issue 2