Today’s youth will be responsible for implementing the newly adopted2030 Agenda and Sustainable Development Goals (SDGs), approved by the UN in September.. The SDGs are an ambitious and transformative set of goals, covering a broad range of interconnected issues, from sustainable economic growth, to social issues, to global public goods. To realize this vision, a just-as-ambitious plan for financing and implementation is needed. In July, UN member states endorsed a financing for development action agenda to support the SDGs, which outlines many action areas and commitments for the international community. Youth engagement and innovation will be critical for success. The Ideas for Action (I4A) competition engages young people around the world to encourage them to develop and share their ideas for financing solutions to deliver the post-2015 development agenda.
The expectation for teams is to focus on one of the issues below and develop a creative yet realistic and implementable solution that will increase the financing available and/or improve the efficiency and effectiveness of existing funds. Another possibility is to select more than one issue, and develop a solution that is based on blended sources of finance.
(1) Domestic Resource Mobilization: improving the ability of countries to collect and direct public resources generated from taxes and/or improve efficiency of public spending. Areasof particular relevance are
a. tax policy and collection;
b. harnessing sustainable streams of revenue from natural resources;
c. subsidy reform;
d. improving public sector procurement practices.
Example submission topics: “Restructuring mineral extraction contracts in Sub-Saharan Africa more sustainable social benefit and financial return;” “Subsidizing crops of the future: how a change in agricultural subsidies in one South American country can be a lesson to others”
(2) Better and Smarter Aid: improving how aid is structured and disbursed in light of a rapidly changing donor environment. Areas of particular relevance are
a. improving aid disbursement models;
b. improving aid transparency and accountability;
c. integrating private philanthropy;
d. global funds into the greater aid agenda.
Example submission topics: “A new model for recipient-centric accountability mechanisms in ODA loan programs;” “Using different results metrics to improve aid project outcomes”
(3) International Private Finance: improving business environments to attract investment. Areas of particular are
a. creating policies that encourage investment, particularly in long time infrastructure;
b. mainstreaming the use of guarantees and risk insurance.
Example submission topics: “Co-financing arrangements as a means to increased
roadway investment in Sub-Saharan Africa;” “Taxes, construction regulation, and urban
sewage reform in Southeast Asia”; “improving project cycle and investment environment
to attract institutional investors including sovereign wealth funds”; “Implementing policies and mechanisms to direct remittances towards development”.
(4) Domestic Private Sector: mobilizing domestic private capital. Areas of particular relevance are
a. creating an enabling environment for business creation and growth;
b. increasing access to finance, greater financial inclusion for households and SMEs;
c. developing domestic capital markets
Example submission topics: “A new type of aid: improving small and medium-sized
enterprise access to financing via novel national-scale loan instruments.”
(5) Business and Development Innovations: improving business environments in developing economies via innovative private/public partnership models. Areas of particular relevance are
a. grafting and implementing business-led collective action initiatives;
b. innovative models of delivering aid using private sector capabilities and public sector resources.
Example submission topics: “A novel model for new-country investment: using public funds to limit fixed costs of electronic equipment manufacturing;” “Limiting private-public corruption with new public awareness tools in Central Asia”
Partneri: Ministarstvo omladine i sporta, Americka ambasada u Beogradu.