CAPE CONFERENCE 2014DAY 1

Simon Maxwell

1. What did we do?

2. What did we learn?

3. Some brief reflections

4. What’s next?

What did we do?• Context and overview

• What lessons did the MDG era yield for development finance?

• Domestic revenue mobilisation, international public finance and the SDGs.

• What role for international public finance?

What did we learn?(18 speakers)

1. The world has changed (fewer LICs, more tax revenue)2. Aid remains essential for poorest countries.3. There’s a lot going on (SDGs, FFD, Sendai, UNFCCC, but also DAC on

definitions)4. There is lots of technical work to do on all aspects of finance for

development (oda, domestic revenue-raising, leveraging private finance)

5. Politics matters, nationally and internationally (e.g. wrt to tax, non-oda issues).

6. Global normative frameworks ‘can’ help focus minds.

Some brief reflections• Don’t think we all agree.• The world has changed – but not half as much as it is going to!• Active financial policy is an essential instrument for managing

transformation.• Active financial policy should be comprehensive and multi-level (don’t

ignore global issues).• Remember to build on what we have (OWG, ICESDF) and will have (SG

Report, ERD, flagship prep’n) • Managing the politics means solving the simultaneous equation.

What’s next?Leveraging the right entry points and finding the right priorities