As the global community pushes towards achieving the Sustainable Development Goals (SDGs) by 2030, it is crucial to leverage sources of alternative development finance, particularly through domestic resource mobilization (DRM) efforts. Although an important source of finance, DRM – the revenues that a country generates internally – has not always been given the attention it deserves in the African and global development framework.
This policy paper looks at the role of the private and philanthropic sectors in, as well the potential of enhanced African regional alignment for, sustainability and expanded DRM in African countries.
To achieve greater domestic resource mobilization and, in turn, the realization of the SDGs, this paper provides a number of a recommendations for African countries in three key areas: 1) overcoming underdevelopment and promoting sustainable development through enhanced regional alignment; 2) fostering private and philanthropic resource mobilization towards the SDGs; and 3) addressing corruption, tax avoidance, and illicit financial flows.
The full paper is available for download