By Alex Prats, Oxfam Deputy Regional Director, Horn, East and Central Africa
The adoption of the Millennium Development Goals made many people believe that another world was certainly possible in 2015. However, despite some positive progress (see the 2014´s progress report), the results achieved are not what we all expected, to a large extent because of an estimated annual investment deficit of USD 120bn (OECD).
The new agenda for sustainable development, now under construction and to be finalised later this year, will be even more ambitious than the current MDGs. According to a World Bank report, the investment required may be around USD 1tn every year. Other estimations provided are even higher. In times of scarce public resources, how will we be able to generate such an amount of money to fight poverty and inequality?