Means of Implementation for SDGs and Financing
for Development
Capacity Dimensions –Financial & Non Financial Background
•  Essential and NEPAD-based means of implementation and
financing for inclusive development entails:
1.  Innovative Financing
- Domestic Resources (internal)
- Effective Development Cooperation (N/S; SSC & TrC)
(External)
2.  Technology development and infrastructure
- Facilitating technology and infrastructure
3. Capacity Development
- Institutions (systems and processes)
- Innovation systems incl R&D
- Knowledge abilities
Result : scaled up tangible and non-tangible resources
Enabling Transforma7on – AU/NEPAD Interven7ons ( Making it Happen) NEPAD (Structural Transforma7on) Strategic Interven7on Industrializa7on Combined Domains of Change: CD investments Sustainable Development -‐ Agriculture/ CAADP -‐ -‐ Environment -‐ -‐Trade & Markets Policy S7mulus Leadership transforma7o
n Ci%zen Engagement Spa7al Development -‐ I nfrastructure, Energy, road, air -‐ -‐ Science & Tech -‐  ICT Governance & Social Development Pre-‐
Investment Knowledge & innov driven processes -‐  Health -‐ -‐ Educa7on Capacity Development (CDSF) U7lizing African Poten7als Capacity of Cap Builders -‐  Governance -‐  Gender Ins7tu7onal Arrangements Quality Assurance Capable Ins7tu7ons Resilient, Adaptable States & Socie7es Integrated app & cont improve processes Enabling and intersec7ng suppor7ve capaci7es (KE among Recs & Countries APDev, CAADP PlaUorm etc) 3
Key African Agendas and Main Thrusts -‐ Na7onal Development Plans and Strategies Ø Outlines na%onal development goals, priori%es & targets -‐ NEPAD Programme Ø African Union strategic framework for pan-‐African socio-‐economic transforma%on and inclusive development -‐ AU Agenda 2063 Ø  A shared strategic framework for inclusive growth and sustainable development (through industrializa%on & moderniza%on etc) -‐ Common African Posi7on on Post-‐2015 Development Agenda (CAP) Ø Ar%culates African priori%es for Post-‐2015 development agenda focusing on levers of growth and development -‐ African Ac7on Plan on Development Eﬀec7veness (AAP) Ø Outlines African priori%es for eﬀec%ve development coopera%on (means of implementa-on) to support the above drawn from Busan Priority 1: Domestic Resource Mobilization
•  Effective and robust tax administration systems and institutions;
•  Promotion of domestic private sector growth;
•  Elimination of Illicit Financial Flows out of Africa;
•  Enablement and expansion of intra-African trade and investment;
•  Promotion of access to global markets and fair trade;
•  Responsible corporate governance of natural resource and
extractive industries;
•  Supporting and leveraging on the secondary economy for
inclusive development;
•  Development of innovative financing mechanisms - infrastructure
bonds, stock exchanges, PPPs, regional bonds.
Actions on DRM
•  Priority 1: Mobilise national resources for Africa’s development
•  Strengthening mechanisms and systems for DRM
•  Quantify potential tax resources; mobilise informal sector; review tax
legislation, innovative mechanisms & improve tax administration;
•  Curb and eliminate illicit financial flows
•  Address transfer pricing; exchange relevant tax information between
countries (role of RECs); common financial rules & regs for forex etc
transfer;
•  Support development of secondary economy and local SMEs
•  Innovative uses of microcredit; reduce bureaucracy
•  Strengthen corporate governance in extractive industries
•  Mechanisms to ensure effective collection of tax, valuation of minerals &
other extractives; enforcement of environmental impact and health and
safety standards.
Financing in MICs
•  Support for countries in preventing acute problems of inequality
while graduating into MIC status;
•  Development of concrete exit strategies for countries
transitioning from LICs to MICs;
•  Refinement of an inclusive indicator for categorizing MICs for
proper transitioning to avoid unwarranted reduction of
development assistance;
•  Enhance experience sharing between countries that have
successfully transitioned to MIC status;
•  Increased partnerships and investment between MICs and
LICs to enhance economic growth.`
Financing and Partnerships – N/S,SSC and TrC
•  Building and strengthening coalitions to promote N/S, SSC & TrC
for mutual learning and innovation (e.g. technology transfer &
adaptation);
•  Enhanced cooperation among national, regional & continental
economic institutions (Asia, Africa, Pacific etc.) to foster RI for
accelerated economic growth;
•  Intra-Africa exchanges based on indigenous African knowledge
systems for innovation and development using African platforms i.e.
APDev;
•  Building cooperation with non-traditional SS partners for alternative
and innovative financing;
•  Development and institutionalization of mechanisms to foster SS &
TC for learning and evidence-based decision making.
Actions – Financing & Partnerships
•  Priority 2: Support NS, SSC, TC for regional integration and
development
•  Strengthen existing NS, SSC and TC partnerships
•  Scale-up SSC regional development projects;
•  Foster NSC in regional development projects
•  Mainstream SSC &TC in regional political and economic institutions
•  Possible actions: Support the removal of barriers to free movement
of people, capital, services and goods for intra-Africa SSC;
•  Development of national and regional SSC &TC policies for
economic development
•  Develop monitoring standard for SSC &TC incl a responsive NS
monitoring system
Priority 2: Technology Development & Private Sector
•  Highly skilled, financed & technologically equipped institutions to
manage PPP projects;
•  Promotion of business as a key partner in development
•  Creation of wealth & sustainable decent jobs to advance
economic growth – i.e. corporate governance in extractives for
national benefit;
•  Strengthen platforms for inclusive and structured private sector
dialogue and participation in development;
•  Explicit strategy on growth of small to medium-size enterprises in
achieving inclusive economic growth – domestic/local private
sector/PPP
i.e Produc7ve Capaci7es •  Ge]ng Key Systems Right (Industry-‐ter7ary-‐r&d-‐state partnership) •  Inves7ng in requisite innova7on & unlocking capabili7es -‐ Skill-‐sets …. Responsive technical colleges, universi%es, research ins%tu%ons -‐  Systems and processes i.e instnal reforms …. suppor%ve state, industry, ﬁnance, ter%ary, R & D ins%tu%onal structure -‐  Knowledge base & innova%on capaci%es …….. Led by well ﬁnanced & linked R & D incl ter%ary .. Same partnership -‐  Enabling environment …. Policy level accompaniment .. Banking regs for produc%ve purposes, investment climate, tariﬀ & no-‐tariﬀ incen%ves esp domes%c pvt sector etc Example -‐ Africa Commodi7es Strategy •  Draws on and is mandated by various decisions: •  Overall Abuja Treaty (1991) seeking to establish the African Economic Community (here-‐in “the Community”) provides for the eventual aYainment of socio-‐economic transforma%on of the Con%nent using her abundant resources both human and natural. •  The Treaty calls on member states to Promote SSC and N/South co-‐
opera%on on industrializa%on objec%ves incl specializa%on for an expanded “intra-‐community trade” base •  Under Abuja Treaty Ar%cles 42 & 46 -‐ Trade Promo%on & Agricultural Development and Food Produc%on for “intra-‐community Trade” •  Abuja Treaty Ar%cles 48 & 49 provide for Industry, Science, Technology, Energy, Natural Resources; Environment and Industrial Development calling on Member States to harmonize industrializa%on policies •  SADC region now boldly taking ac7on on industrializa7on Conclusion
•  Innovative means of implementation allows for a strong move
towards transformation & sustainability i.e. capacities to drive
the real economy with DRM, value addition; illicit financial
flows, technology transfer & adaptation;
•  Priority 3 : Capacity Development as overriding & requisite
•  ‘Transformational capacities’ for leadership, inclusiveness and
effective institutions to drive SDG implementation;
•  Effective & performance enhancing institutions responsive to
national and regional development – public & private
institutional reform;
•  Productive and innovation capacity to create sustainable
conditions for development - industrialization;
•  Fully engaged and empowered citizenry to drive structural
transformation – inclusiveness and sustainability.
Thank you