Financing for Development

Whether you are a policy maker, student, civil society representative, development professional, or someone who follows development issues as an interested citizen and member of your community, we hope that this course and its learning resources, will provide you with a broad overview of FFD concepts. Through this course, you will learn about the main sources of and trends in development financ... view more



Jim Yong Kim, President of the World Bank Group, welcomes you to the course.


What Is Development?

Jan Eliasson, Deputy Secretary-General of the United Nations, discusses the new global development agenda; the Sustainable Development Goals (SDGs), and what it will take to achieve them.


What Is Financing for Development?

Susan McAdams, Senior Advisor, Development Finance, World Bank Group, explains the term “financing” for development, both in the monetary sense and as a discipline involving the management and investment of funds.


The New Framework for Financing Development

Bertrand Badré, Former World Bank Group Managing Director and Chief Financial Officer, discusses the mobilization of financing for development by using the billions of dollars available in official development assistance to mobilize trillions of dollars in support of the SDGs.


Domestic Resource Mobilization

Ngozi Okonjo-Iweala provides an overview of the role of Domestic Resource Mobilization in financing national development policies.


Increasing Domestic Public Resources and Improving Public Expenditure Efficiency

James Brumby describes which policies and actions are needed to increase domestic resource mobilization and public expenditure efficiency. He also highlights challenges encountered by policy makers and progress to date with this agenda.


Raising Revenue Fairly and Equitably

Michael Keen provides an overview of the various forms of taxation that help to raise revenue. Special attention is given to issues of fairness and equity.


Reducing Illicit Financial Flows

Ngozi Okonjo-Iweala shares lessons from her experience with tackling illicit financial flows as Minister of Finance and Coordinating Minister for the Economy for Nigeria.


The Importance of ODA

Ngozi Okonjo-Iweala describes the evolving role of Official Development Assistance (ODA) and its essential role as a catalytic source of finance and means of mitigating risk.


Financing Development in Colombia

Andres Escobar discusses Colombia’s national development plan and government policy to attract private sector investment.


Improving the Investment Climate

Ngozi Okonjo-Iweala describes what steps are needed to build an investment climate that attracts international and domestic private investment, including by maintaining a stable and predictable macroeconomic environment and by reducing red tape impediment to doing business.


The Role of Private Finance in Financing for Development

Jay Collins describes explains the importance of public-private partnerships and what it takes to attract private sector funds to finance development. He also talks about the infrastructure paradox and discusses the importance of the capital markets, the catalytic role of ODA and the multilateral development banks, as well as gives specific examples.


The Potential of Institutional Investors in Development

Afsaneh Beschloss discusses the institutional investors’ perspective, their objectives and motivations, as well as what it takes to direct a percentage of their large assets towards financing development projects.


Infrastructure Finance: Setting a Plan, Overcoming Obstacles, and Attracting Private Investment

Richard Abadie describes dilemmas faced in infrastructure finance, lessons from experience, and critical reforms that would be useful to encourage greater private investment in infrastructure. He also explains how to set a long term plan and pursuing it to raise finance for infrastructure projects


The Role of Private Philanthropy in Development

Geoffrey Lamb talks about what private philanthropy is, how its role is changing and how it can unlock other sources of finance through innovation and risk taking. He also shares some specific examples of financing development by the philanthropy sector.


Project Finance for Infrastructure

Richard Abadie describes project finance and its benefits to the project sponsor, with details on off-balance sheet financing. He also discusses what an infrastructure project financing plan looks like and the steps in the financing process.


Korean Capital Market Development

Jaehoon Yoo discusses the critical importance of capital markets in financing for development and provides details on the steps needed to be taken by government to build sound capital markets, while giving examples from the experience of the Republic of Korea.


The Business Model of MDBs

Susan McAdams describes the role and functioning of multilateral development banks and how their business model has a multiplier effect on their financing, technical assistance and knowledge.


European Bank for Reconstruction and Development: Focus on Private Sector Development

Sir Suma Chakrabarti describes the role of the multilateral development banks in mobilizing private sector support for the new global development agenda. He emphasizes that it is critical countries improve their investment climates in order to encourage private investment, including through the adoption of good policies, better and improved economic and political institutions, and the right leadership.


African Development Bank: Focus on Attracting Investment to Africa

Donald Kaberuka shares the African Development Bank’s experience in mobilizing finance for development.


Climate Finance

Rachel Kyte defines climate finance and discusses its relationship to development finance. She describes systematic approaches to climate finance, such as the establishment of a new climate finance architecture, the emergence of clean growth economies, and the importance of shifting production and consumption patterns toward more sustainable models. She also highlights the emergence of climate finance instruments and markets, such as carbon pricing and green bonds.


Innovative Financing and Financial Solutions

Susan McAdams describes forms of innovative financing and financing solutions, including the creation of new and additional flows of money, debt-based financing such as bonds to borrow money in capital markets, risk management, and results-based financing. She also describes the role of multilateral development banks and their approaches to innovative finance and financing solutions.



Sanjay Pradhan highlights the key takeaways and messages from this MOOC on financing for development. He encourages participants to make full use of the knowledge and skills they have acquired through the MOOC by participating as stakeholders in financing the new global development agenda in their communities.

About the Presenters

Afsaneh Beschloss

President and CEO, The Rock Creek Group

Andres Escobar

Minister of Finance and Public Credit, Colombia

Bertrand Badré

Former World Bank Group Managing Director and Chief Financial Officer

Donald Kaberuka

Former President, African Development Bank

Geoffrey Lamb

Chief Economic and Policy Advisor at the Gates Foundation

Jaehoon Yoo

CEO, Korea Securities Depository

Jan Eliasson

Deputy Secretary-General of the United Nations

Jay Collins

Vice Chairman, Corporate & Investment Banking, Citi

James Brumby

Director, Governance Global Practice, World Bank Group

Jim Yong Kim

Michael Keen

Deputy Director, Strategy, Policy, & Review Department, International Monetary Fund

Ngozi Okonjo-Iweala

Rachel Kyte

Richard Abadie

Partner and Global Leader of Capital Projects & Infrastructure, PwC, London

Sanjay Pradhan

Sir Suma Chakrabarti

President, European Bank for Reconstruction and Development

Susan McAdams

Senior Adviser, Development Finance, World Bank Group