The Road to FFD4: Domestic Revenue Mobilization…

Domestic Resource Mobilisation (DRM) stands as the most reliable and sustainable source of funding to meet development goals, serving as a mechanism to enhance equity and attain economic stability. The Addis Ababa Action Agenda (AAAA) acknowledged the importance of prioritising domestic public finance, advocating for a comprehensive approach to increase resource mobilisation, improve expenditure quality, and ensure fairness and sustainability. Despite the progress driven by the AAAA, a greater emphasis on DRM is still crucial for substantial impact. While DRM is pivotal for both developing and developed countries alike in financing sustainable development, the SDG financing gap is ever more staggering when it comes to lower-income countries. We, therefore, need to continue reinforcing the focus on DRM as part of the FfD4 commitments with the pledge to foster fair and effective tax systems globally.

Against this background, the event will bring together UN delegations from ATI member countries and other interested stakeholders to engage in a constructive dialogue on how to adequately integrate DRM priorities into the FFD4 agenda. The objective is to raise awareness of DRM's critical role as a sustainable, dependable funding source for development goals. Participants will be encouraged to discuss strategies to advance fair and effective taxation and to identify concrete actions that FFD4 stakeholders can take to elevate DRM in the development finance landscape.