Education is an essential element of human development and economic growth. Internationally, the education sector must be given increased focus in official development assistance.
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International assistance to education is highly fragmented and has stagnated in real terms for over two decades. Institutions such as the Global Partnership for Education have played an important role in catalyzing pooled financing, but needs to be upgraded to a global fund for education to provide strong leadership for the sector.
In spite of tremendous progress in increasing domestic resource mobilization for education, overall, some developing countries continue to underfund education, and many developing countries provide a disproportionate share of funding to more highly educated students. Increased and better targeted domestic funding for education will be a central pillar of financing the education goals. The mobilization of public and private capital towards climate finance is essential for sustainable development.
To date, there has not been significant financing mobilized for climate adaptation and mitigation, with most financing coming from domestic resources and multilateral development bank MDB.
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The Green Climate Fund will play a critical role in this mobilization and will begin distributing funds in alongside approved partners. In addition to increased levels of financing, non-financial barriers must be eliminated for increased climate finance. The regulatory and policy environment in many developing nations is not set up for increased investments in climate-resilient infrastructure and energy systems.
A detailed analysis and improvement of these non-financial barriers must be undertaken very quickly to unlock the needed finance. Improved coordination between public and private investors is needed in climate and infrastructure finance.
Risk mitigation instruments from the public sector need to be scaled up to increase the flow of private capital. Infrastructure developers and investors specifically are not coordinated, leading to a lack of new projects and a lack of financing for existing ones. Specific examples of improved coordination between public and private entities in South Korea have demonstrated positive effects for climate infrastructure investments. Incorporation New Donors into the International System. South Korea has already begun increasing its partnerships with developing countries in knowledge transfer with the initiation of the KOICA Development Action Program in Historically, many Asian nations — China, India, Japan, Malaysia, South Korea, for example — have been providers of international assistance for decades.
These nations will need to increase co-ordination with Western donors.
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There are significant challenges of donor coordination, which will only increase with more donors in the system. Tri-lateral coordination, for example, often suffers from different prioritization of sectors between donors as well as the lack of institutional capacity within new donors. Emerging donors will need to develop internal capacity to ensure improved donor coordination. This indicator will take into account private and non-state resource flows for sustainable development. These important initiatives must be followed with clear uses in mind.
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The discussions will serve as an input to the United Nations process and the outcome initiatives of the Conference. Nature Map Consortium presents global maps to help governments operationalize targets for biodiversity conservation and restoration. SDSN mobilizes global scientific and technological expertise to promote practical solutions for sustainable development, including the implementation of the Sustainable Development Goals SDGs and the Paris Climate Agreement.
Accelerating Sustainable Development in Africa: Country lessons from applying integrated approaches
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