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With summits on finance, the focus is naturally on money. Yes, the amount of Development Finance, both public and private, is important.

But our obsession should be with the number of poor people on this world, what to do for them, and finding where finance fits into this bigger (poverty) picture: the World Bank recently raised its global estimate of poverty to 1.4 billion.

At least 400 million of those are chronically poor, a poverty that is so deep that it crosses the generations according to the just-released second Chronic Poverty Report.So we need Doha to not only mobilize more ODA, but also to make sure that this is spent wisely on those types of infrastructure, services and social protection that provide the most benefit for the world’s most vulnerable people.

Consequently, Doha should see, we hope, much discussion of aid effectiveness.

Please quote Development Finance lvb