Networks for Lifelong Learning and Rural Poverty Reduction in Asia – Lessons and Challenges
Date
2006Abstract
Who should fund development? This
billion dollar question has ideological,
perceptional, operational and political
connotations. Public sector, private
sector, donor agencies and external aid
are some of the sources which fund
development at different levels in
different regions.
Scholars like Jeffrey Sachs, Special
Advisor on the Millennium
Development Goals to the United
Nations Secretary General, argue for
enhanced external aid and donor
agency support to break the poverty trap
in developing countries and achieve the
Millennium Development Goals
(MDGs). In an interview, he1
reiterated
that “Donor financing for the MDGs should
take a new approach. Developing countries
should design MDG-based poverty
reduction strategies, including investment
plans to 2015, and donors should fund
those strategies”.
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