Mobilising domestic revenue through stronger taxation regimes and proper reallocation of funds are critical if some of the world’s poorest countries are to meet the United Nations Millennium Development Goals, according to a report released today (29 May).
The report, “Financing the fight for Africa’s transformation”, by campaign group One, ranks the progress of countries against the eight UN targets, with particular emphasis on sub-Saharan Africa.
While many of the region’s 47 nations receive development assistance, they have seen economic growth rates of some 5% over the past seven years. That is largely due to the proportion of government budgets spent on basic services, such health, education and agriculture, the report says.
See full Article: http://www.euractiv.com/development-policy/domestic-resources-key-africa-pr-news-528123
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