Last August, the UN Secretary-General Ban Ki-moon asked an Independent Expert Advisory Group (IEAG) to make concrete recommendations on bringing about a Data Revolution in sustainable development. In response, the IEAG delivered its report, and among other items, recommends, “a new funding stream to support the Data Revolution for sustainable development should be endorsed at the Third International Conference on Financing for Development,” in Addis Ababa in July 2015.
To support this request and to stimulate conversation, the World Bank Group has drafted issues papers that focus on three priority areas:
The papers aim to flesh out the specific development needs, as well as financing characteristics needed to support each area. A fuller understanding of these characteristics will determine what kind of financing mechanism(s) or instrument(s) could be developed to support the Data Revolution.
We are keen to hear from you about the approach discussed in each of these papers and would welcome your views in each issue area on:
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What is the need? What are the gaps in financing for this area? What are the current financing mechanisms? Do we need a fund or other mechanism for this? Why or why not?
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What lessons have we learned from past and current mechanisms?
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How can we ensure that any instrument or mechanism keeps up with the pace of change?
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What are the risks?
The World Bank Group, along with United Nations Foundation, will convene a consultation meeting with experts and stakeholders from private and public organizations on Jan 22, 2015. The feedback from these consultations will be reflected in the discussions that lead up to the Finance for Development Conference in Addis Ababa in July 2015 and in broader discussions on the post-2015 development agenda.
Please share your feedback on papers via this online feedback form, or in the comments below.
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