The Ninth African Development Forum: Key Asks and Priorities
Domestic resources are, and will continue to be, the largest source of sustainable financing for development in African countries. While Official Development Assistance (ODA) remains a critical source of development finance in Africa, rising from USD 35.8 Billion in 2005 to an expected peak of 55.2 billion in 2014, and accounting for the bulk of resources for public spending in some low income countries, tax revenues continue to increase and reached USD 527.3 billion in 2012, according to the African Development Bank. Nonetheless, the average tax-to-GDP ratio in African countries remains too low and sustained, adequate and predictable ODA flows will continue to be vital for development in most African countries in the short- to medium-term. This is especially so when aid is targeted and administered well, helping more people to access healthcare, education and other essential services where governments lack the capacity to extend public services to all.
From 12 to 16 October 2014, Oxfam joins various other stakeholders at the Ninth African Development Forum (ADF IX) in Marrakech, Morocco. The Forum, being held under the theme “Innovative Financing for Africa’s Transformation” will bring together African Heads of State and Government, representatives of the African Union, Regional Economic Communities, the UN agencies, business leaders, civil society and others, in a multi-stakeholder dialogue on concrete strategies for financing Africa’s development in the post-2015 era. Among other agenda items, and central to the forum, will be discussions on domestic resource mobilisation and illicit financial flows in Africa.