{"id":11267,"date":"2022-03-07T19:34:29","date_gmt":"2022-03-07T19:34:29","guid":{"rendered":"https:\/\/www.africa-press.net\/ethiopia\/?p=11267"},"modified":"2022-03-07T19:18:39","modified_gmt":"2022-03-07T19:18:39","slug":"mobilizing-domestic-financing-key-to-improving-africas-sdgs-performance","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/mobilizing-domestic-financing-key-to-improving-africas-sdgs-performance","title":{"rendered":"Mobilizing Domestic Financing key to Improving Africa\u2019s SDGs Performance"},"content":{"rendered":"

Africa-Press – Ethiopia. <\/strong><\/span>s Ababa, March 7\/2022\/ENA\/ African countries need to move forward on financing to improve their performance on the Sustainable Development Goals (SDGs) and Africa\u2019s transformation Agenda 2063.<\/p>\n

This is according to panelists at a session to highlight progress made at regional and sub-regional levels in the implementation of Agenda 2030 and Agenda 2063 in the context of the COVID-19 crisis.<\/p>\n

The session was held at the opening of the Eighth session of the Africa Regional Forum on Sustainable Development (ARFSD 2022) in Kigali, Rwanda.<\/p>\n

Acting Director of Macroeconomics and Governance at the ECA, Bartholomew Armah, who presented the 2020 Sustainable Development Report (SDR) report findings at the session, said domestic resource mobilization needs to be improved, as the share of domestic debt to GDP has increased.<\/p>\n

\u201cThe reliance on raising resources from outside the continent results in higher debt servicing costs due to a high \u201cAfrican premium\u201d \u2013 compared to other regions. The special drawing rights (SDR) amounting to 650 billion recently approved by the IMF provides an important source of non-debt resources because the cost of using SDRs is relatively low,\u201d he said.<\/p>\n

He outlined other modalities, such as broadening tax bases and stemming corruption, redoubling digitization of economies, enhancing support to social services and creating an enabling policy environment to spur private investments and innovation.\u200b<\/p>\n

\u201cBuilding back better requires smart financing that can blend with our domestic resources and external financing. The African Continental Free Trade Area (AfCFTA) will help us leverage on the African financing initiatives,\u201d Armah added.<\/p>\n

He stressed the need to invest in data, and the capacity for monitoring and evaluation, as well as risk identification in national development plans noting that measuring the implementation of the SDGs and Agenda 2063 should be based on sound data and deeper analysis.<\/p>\n

The 2020 Africa Sustainable Development Report provides a comprehensive analysis of Africa\u2019s progress on the 2030 agenda and Agenda 2063. It notes that the Continent is lagging behind other regions.<\/p>\n

For More News And Analysis About Ethiopia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ethiopia. s Ababa, March 7\/2022\/ENA\/ African countries need to move forward on financing to improve their performance on the Sustainable Development Goals (SDGs) and Africa\u2019s transformation Agenda 2063. This is according to panelists at a session to highlight progress made at regional and sub-regional levels in the implementation of Agenda 2030 and Agenda […]<\/p>\n","protected":false},"author":84,"featured_media":11266,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[233,277,235],"class_list":["post-11267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-ethiopia-2","tag-ethiopia"],"yoast_head":"\nMobilizing Domestic Financing key to Improving Africa\u2019s SDGs Performance - Ethiopia<\/title>\n<meta name=\"description\" content=\"s Ababa, March 7\/2022\/ENA\/ African countries need to move forward on financing to improve their performance on the Susta ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/mobilizing-domestic-financing-key-to-improving-africas-sdgs-performance\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mobilizing Domestic Financing key to Improving Africa\u2019s SDGs Performance\" \/>\n<meta property=\"og:description\" content=\"s Ababa, March 7\/2022\/ENA\/ African countries need to move forward on financing to improve their performance on the Susta ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/mobilizing-domestic-financing-key-to-improving-africas-sdgs-performance\" \/>\n<meta property=\"og:site_name\" content=\"Ethiopia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-07T19:34:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2022\/03\/img-62265a7ad52ce.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"840\" \/>\n\t<meta property=\"og:image:height\" content=\"280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/mobilizing-domestic-financing-key-to-improving-africas-sdgs-performance#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/mobilizing-domestic-financing-key-to-improving-africas-sdgs-performance\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mobilizing Domestic Financing key to Improving Africa\u2019s SDGs Performance\",\"datePublished\":\"2022-03-07T19:34:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/mobilizing-domestic-financing-key-to-improving-africas-sdgs-performance\"},\"wordCount\":338,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/mobilizing-domestic-financing-key-to-improving-africas-sdgs-performance#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2022\/03\/img-62265a7ad52ce.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ethiopia\",\"ethiopia\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/mobilizing-domestic-financing-key-to-improving-africas-sdgs-performance#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/mobilizing-domestic-financing-key-to-improving-africas-sdgs-performance\",\"url\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/mobilizing-domestic-financing-key-to-improving-africas-sdgs-performance\",\"name\":\"Mobilizing Domestic Financing key to Improving Africa\u2019s SDGs Performance - 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