Financing for Development

Photo credit: SEATINI

Strategic objective

To promote fair and inclusive fiscal policies and strategies for revenue mobilization, allocation and utilization of sustainable development.

Financing for development is about how domestic and international resources contribute to or undermine development. It includes issues around aid, trade, debt, international and national finance, domestic budget and global fiscal governance.

Context

The challenges facing Africa, including the EAC is how to equitably and sustainably mobilise resources in order to provide social services, infrastructure and for reinvestment.

Inequality is growing around the world. Every year, the gap between the rich and poor gets even wider and according to an Oxfam inequality report, just 8 billionaires own the same wealth as the poorest half of the population. Far from trickling down, income and wealth are being sucked upwards at an alarming rate. The very design of our economies has taken us to this extreme and unjust point, with rules that benefit wealthy corporations and elites at the expense of everyone else. The inequality crisis is also being fuelled by the use of tax havens that allows multinational companies and super rich individuals to avoid paying their fair share of taxes. Such extreme inequality is standing in the way of ending global poverty, and widening other inequalities like the gap between women and men. Our economy must stop excessively rewarding those at the top and start working for all people.

Greater responsibility in financing for development

Oxfam works on strengthening the power of Civil Society Organizations (CSOs) to promote fiscal and financial justice, monitor government spending and hold governments, the private sector and international institutions to account.

By creating awareness of injustices in fiscal and financial systems and mobilizing audiences, public and private sector champions and the media, the terms of the debate will shift, creating space for policy change. We aim to strengthen pro-poor and gender just fiscal policies, stimulate bold measures against tax evasion and avoidance, foster more and better aid and innovative finance, and a stable financial sector that contributes to the public interest. As a result, more women, youth and other citizens will benefit from the increased quantity and quality of finance for development, enjoy their rights and access to social services, infrastructure and equal opportunities in more democratic societies.

Oxfam delivers this work with four partners

  1. Civil Society Budget Advocacy Group (CSBAG)
  2. Southern and Eastern African Trade Information and Negotiations (SEATINI)
  3. Citizens Watch It (CEWIT)
  4. Africa Freedom of Information Centre (AFIC)

Areas where this work is implemented in Uganda

  1. Kotido, Kaabong (Karamoja)

  2. Serere,Soroti, Kumi (Teso)

  3. Nebbi, Arua, Adjumani, Yumbe, Koboko (West Nile)

  4. Gulu,Nwoya,Lamwo,Pader,Agago (Acholi)