European Report on Development (ERD)

On 4 May 2015, the European Development Report 2015 (ERD) “Combining Finance and Policies to implement a transformative Post-2015 Agenda“ was presented by EU Commissioner Neven Mimica. The ERD draws lessons from the Millennium Development Goals and provides a new framework for the realization of a universal post-2015 agenda. The report argues: What we need is a truly transformative post-2015 development agenda with the right combination of finance and policies. It is not the overall shortages of funds that will be the constraining factor in achieving a transformative agenda but rather the way financed is used. On the policy level, we need domestic financial frameworks for both developing and developed countries which promote mobilizing domestic resources and their effective use for sustainable development, including rules to govern private sources and raise public revenues. On a global level, the system needs to support the mobilisation of finance and includes supportive agreements on climate change, an improved global trade regime, better global tax rules and the management of the global financial system. It is also crucial to develop an appropriate system of monitoring and accountability. In a joint effort and lead by the Overseas Development Institute (ODI), researchers of the German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE), the European Centre for Development Policy Management (ECDPM), the University of Athens and the Southern Voice Network have written this independent report.