World Bank Group2013-11-252013-11-252013-10https://hdl.handle.net/10986/16310This paper is a contribution to United Nation (UN)-led efforts to articulate a post-2015 development framework, building on the Millennium Declaration and Millennium Development Goals (MDGs). It focuses on the challenge of financing development goals and complements the extensive work conducted by the United Nations1 and other institutions, including the World Bank Group. The paper is structured as follows. Section one outlines elements of what it will take to achieve development outcomes, the importance of a global development cooperation framework, the role of targeted, evidence-based policies and sound institutions; and the mobilization of resources for global public goods. Section two focuses on how best to support developing countries in mobilizing domestic resources for development, by boosting taxation capacity, harnessing natural resource revenue, improving expenditure efficiency, and curbing illicit financial flows. Section three examines issues of aid effectiveness and considers ways for development actors to provide better and smarter aid. Section four discusses trends in private financial flows to developing countries and the growing mismatch between available financing and investment needs. It then turns to strategies for mobilizing financing for long-term infrastructure. Finally, section five explores a range of emerging and innovative sources of finance, and the role an inclusive financial system can play to promote development.en-USCC BY 3.0 IGOaccess to capitalaccess to marketsaccountability structuresaccountingadministrative burdenagricultural sectorsAid Effectivenessbacked bondsbank loansbeneficiariesBondBond Financingbond issuanceBond MarketsBondsbrokerbudget constraintsbudgetingbusiness activitycapacity buildingcapacity constraintscapital flowscapital inflowscapital marketcapital marketscash transferscommercial bankscompetitive marketcorporate governancecorruptioncredit enhancementcredit enhancementscredit guaranteescredit ratingsCreditorcreditscreditworthinessDebtdebt burdensdebt disbursementsdebt flowsDebt Reliefdebt repaymentdebt servicedebt service paymentsDeveloping Countriesdeveloping countryDevelopment Assistancedevelopment bankdevelopment banksDevelopment financeDevelopment finance institutiondevelopment finance institutionsdirect financingdisbursementdisbursementsdomestic marketsdonor resourcesearly childhoodeconomic crisiseconomic developmenteconomic growtheconomies of scaleeducation systemsemerging economiesEmerging MarketEmerging Market Economiesempowermentenabling environmentequipmentexchange ratesexclusionexclusionsExpenditureexpendituresExternal debtexternal financingextreme povertyfarmersfinancial aidfinancial crisisFinancial Flowsfinancial instrumentsfinancial managementfinancial resourcefinancial resourcesFinancial Servicesfinancial systemfinancing needsfiscal burdensfiscal constraintsfiscal deficitForeign direct investmentfraudfree Accessgendergender equalityglobal bankingglobal economyGlobalizationgovernment budgetsgovernment expendituresgovernment revenuegovernment revenuesGross domestic producthuman developmentIDSImmunizationIncome Groupinequalityinflationinformal economiesinformation sharinginfrastructure developmentInfrastructure Financeinfrastructure financingInfrastructure Investmentinfrastructure investmentsInstitutional Investorsinstitutional reformsInsuranceIntellectual Propertyinterest ratesInternational Bankinternational capitalinternational capital marketsinternational debtinternational developmentInternational FinanceInternational Financial Institutionsinvestinginvestment climateinvestment decisionsInvestment Financinginvestment projectslenderslimited accessliquidityLocal Currencylong-term financeLong-Term Investmentmacroeconomic environmentmarket accessmarket conditionsmarket failuresmaturitiesmaturitymoney launderingmultinationalmultinationalsmutually beneficial partnershipsNatural Capitalnew marketsoutreachpartial creditPartial riskpay-back periodspayment obligationspledgesPolitical Economypolitical riskPortfolioprivate capitalPrivate DebtPrivate Financeprivate financingprivate investmentprivate investorsprivate sector financeprivate sector financingproductive investmentsProperty Rightspublic financepublic fundspublic investmentpublic investmentspublic spendingPublic-private partnershippublic-private partnershipsrates of returnRemittanceremittancesrepaymentsreturnreturnsrisk managementrisk poolingsafety netsafety netssavingsschool buildingsshareholdersShort-term debtsliding scalesource of fundsSources of Financesovereign guaranteesstock exchangesstockstaxtax burdentax collectiontax deductionstax planningtax policytax regimetax subsidiesTechnical AssistancetelecommunicationsTerrorismtradingtrading systemtranchesTransactionTransparencyTreasuriestrust funduse of securityValuationvulnerable groupsWorld Bank10.1596/16310