Over the past 15 years, the composition of development finance has undergone tremendous changes. What was previously dominated by official development assistance (ODA) provided by traditional ...

Foreign assistance is dwarfed in terms of funding by developing countries’ own financial resources. As many traditional donors continue to deal with the after effects of the global financial crisis, ...

WASHINGTON, June 15, 2023 – The World Bank has approved $150 million in financing from the International Development Association (IDA)* to help Benin increase the efficiency of domestic resource ...

The Monterrey Consensus states that each country has primary responsibility for its own economic and social development, and the role of national policies and development strategies cannot be ...

The African Development Bank Group (AfDB) is a multilateral development finance institution established to contribute to the economic development and social progress of African countries. The AfDB was ...

The flagship report by the Office of the Special Adviser on Africa highlights the importance of mobilizing domestic resources as the primary means to finance the Sustainable Development Goals and ...

WASHINGTON, July 6, 2018 - The World Bank approved today an International Development Association (IDA)* grant of $35 million to Chad to support the country’s efforts to improve domestic revenue ...

The International Monetary Fund (IMF) and its development partners launched new phases of the Managing Natural Resource Wealth (MNRW-TF) and the Revenue Mobilization (RM-TF) trust funds during the ...

At the project launch, Mr. Emmanuel Fordjour, Manager at the Resource Mobilization and Economic Relations Division of the Finance Ministry, thanked the African Development Bank for supporting the ...