Innovative financing for development refers to initiatives that aim to raise new funds for development, or optimise the use of traditional funding sources. They aim to narrow the gap between the resources needed to achieve the Millennium Development Goals, and the resources actually available.

The OECD collaborates in on-going work at the Leading Group on Innovative Financing for Development to: 1) propose an international agreed definition of innovative finance; and 2) identify an effective innovative financing mechanism for climate change.

 

‌	Innovating to finance development, Development Co-operation Report 2014		Leading Group on Innovative Financing for Development
‌	Mapping innovative finance for development mechanisms	‌	In Search of New Development Finance

 

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