Measuring and Monitoring External Development Finance

• As the international community develops a new framework to replace the Millennium Development Goals (MDGs) after 2015, a funding strategy will need to be put in place to support them. This will require a sustained global effort that maximises both public and private sources of finance. • In addition to traditional aid from public sources, there are now many new sources of finance and financial instruments to choose from. Private capital in the form of equity, bonds, non-concessional loans, risk mitigation instruments (including guarantees) plus philanthropic funds from foundations and trusts are all now playing a greater role, and given the potential volumes, and could be a transformative source of development finance in the future. • New financing needs are also emerging beyond the traditional scope of development to embrace climate change and the provision of global public goods. It will be important to build a global financing system to support the full scope of the post-2015 goals once they are agreed. • Any post-2015 funding strategy will need to be supported by a robust statistical system to measure and monitor financial flows accurately. It should be structured in a way that encourages innovation, maximises effectiveness and value for money, and drives programm