From Dollars to Decisionmaking at FFD3
This week, delegates from around the world are meeting in Addis Ababa, Ethiopia, for the third Financing for Development conference.
One key outcome for this conference will be securing adequate financial commitments from donors in support of the Sustainable Development Goals. This aim received a boost on Friday, with the announcement from the International Monetary Fund and key Multilateral Development Banks that over $400 billion in financing will be extended to support the SDGs over the next three years.
However, beyond dollars and cents, a central focus for FFD should be plans for empowering aid-receiving countries with the tools and skills to manage and use development resources effectively. As the nature of development assistance changes, let’s remember that in addition to resources, our partner-government colleagues need the tools, skills and processes to manage, analyze, and allocate these resources for maximum effect. And providers of development finance — whether traditional donors or otherwise — should continue to make it easy for partner countries to access, understand and use data about development assistance. After a decade of pioneering aid information management tools and processes, we at DG are confident that empowering decision-makers to use information effectively is the key to long-term SDG success.
To our colleagues at FFD, best of luck for a productive meeting, and we look forward to many positive outcomes.
Image credit: Jean RebifféCC-BY-2.0
Share This Post
Related from our library

DG’s Open Contracting Portal Designated as a Digital Public Good
Digital Public Goods Alliance designated DG’s Open Contracting Portal as a digital public good in September 2022. The Portal provides procurement analytics that can be used to improve procurement efficiency and, in turn, reduce corruption and increase impact.

DG at the African Green Revolution Forum (AGRF)
Representatives from Development Gateway: an IREX Venture (DG) will be attending the African Green Revolution Forum (AGRF) from September 5-9 in Kigali, Rwanda to highlight two projects: the Visualizing Insights on African Agriculture (VIFAA) project and the Farmer-Centric Data Governance Models project.

“Data…for What?!:” Expanding into Education, Media/Disinformation & Youth
In Episode 2 of "Data…for What?!," a podcast series from Development Gateway: an IREX Venture (DG) which explores our new strategic plan, Josh Powell met with experts from DG and IREX to discuss DG’s expansion into the education, media and disinformation, and youth sectors. The conversations explore the most pressing challenges and greatest opportunities for data and technology to positively impact these sectors and discuss how these trends are likely to play out in the years ahead. Based on these trends, the experts explain the unique fit for DG’s skills and specific opportunities for collaboration that align with the vision of DG’s partnership with IREX, which has a long and successful history working in each sector.