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Now is the Time to Remake International Financing

Summary by IPS
José Antonio Ocampo is Former UN Under-Secretary-General; Former Minister of Finance of Colombia; Professor at Columbia University, Member of the UN Committee for Development Policy and Advisor of Club de Madrid

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For decades, financing for development has been closely linked to international cooperation and, in particular, to Official Development Assistance (ODA). This has been a key tool for channelling resources to the most vulnerable countries and contributing to the achievement of the Sustainable Development Goals (SDGs). However, the growing complexity of global challenges – from climate change to structural inequalities – has highlighted the need t…

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IPS broke the news in Rome, Italy on Wednesday, June 25, 2025.
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