1 / 17

Resource Mobilization and Structural Transformation

Resource Mobilization and Structural Transformation. Abdoulie Sireh-Jallow Lead Economist, IsDB. 2011 African Economic Conference Green Economy and Structural Transformation. Format of presentation. Structural Transformation Resource Mobilization - Fiscal Space Expansion

beata
Télécharger la présentation

Resource Mobilization and Structural Transformation

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Resource Mobilization and Structural Transformation Abdoulie Sireh-Jallow Lead Economist, IsDB 2011 African Economic Conference Green Economy and Structural Transformation

  2. Format of presentation • Structural Transformation • Resource Mobilization - Fiscal Space Expansion • Traditional (the Usual) • Non-Traditional sources (Ethiopian Case) • Conclusion

  3. Definition • Structural Transformation Large scaletransferof resources from some sectors to others in a system, necessitated by fundamentalchanges in policiesor objectives. • Why Transfer? How about Creation? • Transitioning into a Green economy is a structural transformation • How can we fund this?

  4. Resource Mobilization • From where???? • Traditional Sources (the Usual Workhorses) • Tax and Non-Tax Revenue • ODA • Borrowing (External or internal) • Efficient management of what we already have And if these are NOT Enough? • Non-Traditional Sources of Development Finance to COMPLEMENT traditional ones • WHAT is Non-traditional?? • Lets look at the Tax Landscape in SSA

  5. Revenue sources as % of GDP - SSA Source: Raising Domestic Revenue for MDGs, Terry Mckinley, IPC, UNDP using IMF Statistics

  6. Estimated Tax Effort Source: Revenue Mobilization in Developing Countries, IMF (March 2011)

  7. Government Revenue as % of GDP in SSA Source: Regional Economic Outlook: Sub Saharan Africa, IMF (Apr, 2011)

  8. What are Non-Traditional Sources? • Very country-specific • What is N-T to country A may be Traditional in Country B • Examples • Carbon Sequestration and Trading • Diaspora Bonds • Trade in Services • Centers of Excellence – Trading Services in the Social Sectors • Tourism • You can only own your development when you FUND it yourself.

  9. The Case for Ethiopia Source: Min of Finance, Ethiopia, UNDP MP, IMF, Own computations

  10. ODA – Gleneagles Scenario Source: Min of Finance, Ethiopia, OECD, Own computation Food and Fuel Crisis FEC

  11. Carbon Trading Scenario Source: www.Mongabay.com and own computations

  12. Potential Fiscal Space (Select N-T Sources) Source: Prospects of Non-Traditional Sources of Development Finance in Ethiopia, UNDP Ethiopia (2010)(Unpublished)

  13. Solar Energy Potential Source: Millennium AG

  14. Fiscal space expansion helps in relaxing binding constraints induced growth Catch-22 cycle

  15. Conclusion • YES WE CAN! • YES AFRICA CAN! • Analytical Study in only ONE step, the next is a STRATEGIC ACTION PLAN to implement the study recommendations • Let us explore and exploit Non-Traditional Sources of Development Finance (Country-specific). • The more you can fund your development, the more you own your development.

  16. Thank You

  17. Reference documents Revenue Mobilization in Developing Countries, IMF (March 2011) Regional Economic Outlook: Sub Saharan Africa, IMF (Apr, 2011) Raising Domestic Revenue for MDGs. Why wait for 2015? Terry Mckinley, IPC, UNDP (2007) Prospects of Non-Traditional Sources of Development Finance in Ethiopia, UNDP Ethiopia and CDPR, SOAS (2010) Fiscal Space and Carbon Sequestration in Ethiopia: a potential non-traditional source of development finance to meet the MDGs, Abdoulie Sireh-Jallow (2010)

More Related