Domestic Resource Mobilization's Changing Global Landscape
Please join the Project on U.S. Leadership in Development for a Chevron Forum on the changing policy landscape of domestic resource mobilization (DRM) in development. DRM allows governments to raise revenue to fund independent development priorities. The cost of implementing the Sustainable Development Goals (SDGs) is estimated in the trillions of dollars, with current support lacking annually. For these development goals to be reached and for countries to manage their own futures DRM must be a focus. The U.S. must strive to build global financial sustainability and stability to encourage national ownership over development that will lead to steady employment and more benefit.
CSIS has published a series of commentaries on how countries can leverage internal financial instruments to improve their independence. The international community recognized the importance of committing to economic stability and sustainability recently in the Second High-Level meeting of the Global Partnership for Effective Development Cooperation.
Our event will kick off with a keynote from Eric Postel, the Associate Administrator for the U.S. Agency for International Development, on the recent conference in Nairobi and its implications for global and U.S. DRM policy. The event will then feature a panel on the federal politics of DRM surrounding Congress and executive agencies. Representatives from the U.S. Government, non-profits, and private industry will share their strategies and views on how to improve DRM in a landscape where publicly funded development is less popular but the needs are greater than ever.
This event is part of CSIS' ongoing "Chevron Forum on Development" series, which seeks to highlight the role of the private sector in global development, and is made possible by Chevron.