Innovations in Development Finance

The aspirations outlined in the 2030 Agenda for Sustainable Development are in jeopardy as the world faces cascading and interrelated global crises and conflicts. It has become increasingly apparent that traditional funding modalities are falling tragically short to meet the financing requirements in addressing the SDGs - currently estimated to be around US$4.2 trillion per year. Hence, there is an urgent need to leverage alternative and innovative sources for financing development initiatives.

This course will explore the intersection of development finance, strategy, and policy. It will examine the landscape of traditional development financing, provide an overview of the various innovative development financing mechanisms, and reflect on the process to design them. The course will be highly interactive, involving six classes taking place over three weekends. It will have leading experts as guest speakers, and practical activities including an individual opinion piece, a group project and presentation, and a simulation exercise on partnership building.The course objectives include: (1) examining tradition and innovative approaches to financing of development initiatives and their relevant advantages and disadvantages; (2) reflecting on the process of designing innovative financing mechanisms and (3) developing practical skills necessary such as, writing clearly and persuasively for different audiences, developing proposals for innovative financing, and building partnerships with diverse stakeholders.