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MDGs – Harnessing Aid and Global Partnerships Richard Young Head of Development Cooperation European Union Delegation to the Republic of South Africa 17th March 2011 Where are we – global figures Poverty Population with less than $1.25 per day Other Regions East Asia and Pacific excl. China China South Asia excl. India India Sub-Saharan Africa Source: Global Monitoring Report 2010, MDGs after the Crisis, World Bank The World is changing – per cent of world GDP for Africa, Asia, Europe, USA 80 Asia 70 60 per cent world Europe 50 USA 40 Africa 30 20 10 0 1 1000 1500 1600 1700 1820 1870 1913 1950 1973 2003 Years Source: Contours of the World Economy 1-2030 AD, Angus Madison, 2007 Partnerships for sustainable growth and jobs? • More Aid? – The 0.7% target of aid to Gross National Income – The 20% and the 2% club – Blending grant and loan funds for greater impact • Beyond Aid – Policy Coherence for Development – Trade, finance, food security, migration, and security • The missing global challenges – – – – infrastructure – not just social but also economic Climate change – how can we get low-carbon growth? Food security and energy security Inequality – poor in middle-income countries • The new policy space – Post-crisis politics and post-crisis economics – Exploit the varieties of experience – No (international) best practice The need for engagement • South Africa – 4%-5% is not enough – How do you raise the (sustainable) growth rate? – The role of Local Economic Development • The Region – Ensuring there are something to trade – growth again – Regional economic cooperation • Global – – – – – From G8 to G20 But need for other engagements – BRICS, Asia, Europe, US Aid Effectiveness - Busan, South Korea Climate change conference (COP17) – Durban, South Africa UN MDG Conference 2013 Conclusion • MDGs have been and are fulfilling a unique advocacy and mobilising role • But they are not everything – Whole areas of the economy missing – focus on social – Cannot rely on just a few high-level indicators – Need to adapt to country context • But more deeply a changing world calls for changing response • Changing response, nationally, regionally, and globally – MDG+ or beyond the MDGs… • But prepare yourself for the debate as we get closer to 2015 Can we see Africa’s future in South Korea?
