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Despite the growing prominence of global challenges, such as climate change, cross-border health threats, security risks, and financial crises, most development-oriented funds are spent on individual programs in single countries.
This is one of a series of CGD blogs on tweaks to the SDG targets.
Target 8.1 calls for rapid per capita economic growth. As this is a vital element of sustained progress on development, it is absolutely right that a comprehensive set of development goals include a growth target.
In testimony last week before the Senate Foreign Relations Subcommittee on Africa and Global Health Policy, CGD’s Ben Leo called upon Congress to modernize how the United States supports economic growth in sub-Saharan Africa. The hearing was called to reflect on the progress since the August 2014 US-Africa Leaders Summit in Washington and to address obstacles that continue to discourage greater private-sector engagement in the region.
Ambassadors George Talbot and Geir Pederson, the Co-Chairs of the negotiations for the Third International Conference on Financing for Development conference, have just issued the first version of the “Addis Ababa Accord.” The Accord will be the main outcome of the upcoming Addis Financing for Development Conference in July, billed as the event where we figure out how to pay for the Sustainable Development Goals.