NEW YORK — In development finance, domestic resource mobilization is suddenly all the rage. The Addis Ababa Action Agenda adopted at the financing for development conference in 2015 listed “domestic public resources” as its first “action area.” Even President Donald Trump, who has proposed to cut nearly every other aspect of United States foreign aid, proposed additional funding for a new domestic resource mobilization initiative in his budget request earlier this month.
Last week in New York, four of the biggest players in global development co-hosted the first global conference of the “Platform for Collaboration on Tax,” an effort launched two years ago to help the World Bank, International Monetary Fund, United Nations, and Organization for Economic Co-operation and Development better coordinate their work on taxes in developing countries. These and other development donors and organizations are working with countries both to broaden their tax bases and increase public revenue, as well as to help them fight back against tax evasion and avoidance by multinational corporations.
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