Financing for Development, Rural Water Treatment Plants in the Congo Basin, RDC
With the end of the Millennium Development Goals and the introduction of the Sustainable Development Goals comes an opportunity to make important changes in how we approach development.
Official development assistance, which stands today at about $135 billion a year, is a cornerstone of financing, especially in the poorest and most fragile countries. We have a responsibility to find new ways to leverage such generosity to crowd in private sector funding. We also must stop illicit financial flows and increase Domestic Resource Mobilization.
These measures will allow us to leverage the billions of dollars in official development assistance to trillions in investment of all kinds, whether public or private, national or global.
To have a big impact, we must share ideas and collaborate. To go from billions in official assistance to trillions in investments, we will have to push even further our willingness to collaborate through creative partnerships, especially in the infrastructure sector.
Development Banks and Export Credit Agencies, which have a crucial role in financing infrastructure investments in both developing and developed countries, may be able to enhance the efficiency of their finite resources by the judicious use of financial instruments to leverage money.
There are in fact new forms of finance, such as infrastructure investment funds, diaspora bounds, etc., that can help to tap some of the vast resources of the international capital markets.
Financing would be key for the project, as RDC is a fragile country.
The project is roughly estimated to cost around 50 millions USD and has an implementation time of between six to nine months and a operation and maintenance of two years.