Decline in External Finance to Developing Countries Endanger Global Goals
By Krishan Dutta
PARIS (IDN) – “Donor countries have not followed through on their 2015 promise to expand development finance flows,” said OECD Development Co-operation Director Jorge Moreira da Silva, launching a landmark report at the Paris Peace Forum.
He was commenting on an important finding of the report that external finance to poor countries is declining, despite a promise by the international community three years ago to increase development finance flows, in particular through private investment.…