International negotiations to generate efficiency gains are the way to help implement the next stage of global development goals, Debapriya Bhattacharya, distinguished fellow of Centre for Policy Dialogue, said.
There is a palpable need to mobilise additional public finance, particularly domestic revenue resources and concessional foreign assistance to fund the ambitions of post-2015 international development agenda, he said.
Bhattacharya spoke at the opening plenary of the United Nations High-level Political Forum on Sustainable Development (HLPF) at the UN headquarters in New York on Monday. He is also the chair of Southern Voice on Post-MDGs, a network of 48 think-tanks from Latin America, Africa and Asia.
The global development community has to look beyond financial resources and generate efficiency gains by international negotiations in multilateral trade, climate change, technology transfer, international tax agenda and financial architecture, Bhattacharya said.
Also, strong and effective global development cooperation for improving the global governance and institutions are imperative for low-income countries to accelerate national efforts to reduce poverty, inequality and discrimination in their respective countries, he said.
The HLPF meeting was themed on achieving the millennium development goals and charting the way for an ambitious post-2015 development agenda, including sustainable development goals.
The HLPF on Sustainable Development was created at the United Nations Conference on Sustainable Development (Rio+20) in June 2012, to provide political leadership, technical guidance and policy recommendations for adoption of sustainable development goals as part of the post-2015 international development agenda.