• David Coady, Assistant Director and Division Chief of Expenditure Policy Division, International Monetary Fund
• Hana Brixi, Manager for Human Capital Project, World Bank
• Alexandra Yuster, Associate Director of Programme Division, Social Policy, UNICEF
• Justin Sandefur, Senior Fellow, Center for Global Development
• Amanda Glassman, Executive Vice President and Senior Fellow, Center for Global Development
ABOUT THE EVENT
Public spending on social sectors can play a crucial role in inclusive and sustained growth in low- and middle-income countries, and in delivering the health, education, and social protection outcomes to which governments and their partners have committed as part of the 2030 SDGs. Yet challenges are ahead. A large gap remains between the resources currently devoted to social sectors and the level needed to meet SDG targets. Each SDG has its own resource demands that require governments to weigh the costs and benefits of public spending across a range of uses. Finally, current and upcoming transitions in health and development aid, modest domestic resource mobilization gains, and rising debt service obligations put pressure on the fiscal envelope.
Amidst these competing considerations and demands, the IMF has released a new strategy for its engagement on social sector spending. This event will highlight key messages and intentions of the new strategy, explore the relative roles and scope of engagement expected from key stakeholders, and, acknowledging challenges facing countries and development partners, reflect on how the international community can most effectively work together to sustain and enhance progress on social sector outcomes.