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Giving Compass' Take:
• This Rockefeller Philanthropy Advisors post reviews the status of global development in the context of the recent Paris Peace Forum, concluding that collaboration is needed to create inclusive economic growth and stabilize fragile nations.
• There's also a call here for more private investment in order to help countries create jobs and reduce violence. How can U.S. funders make sure they are part of the solution?
Fragility is again on the rise, bringing instability, conflict and rising hunger for an unprecedented wave of refugees, migrants, and asylum seekers around the world. Some 3 billion people, roughly 43% of those in extreme poverty, live in the world’s 50 most fragile states. The crisis is urgent and we cannot solve these challenges alone. Without significant change to address what many refer to as the “fragility trap”, the world seems destined to fall far short of achieving the Sustainable Development Goals by 2030.
Recently, The Rockefeller Foundation, the Overseas Development Institute (ODI), and United States Institute for Peace (USIP) convened a group of global leaders at The Rockefeller Foundation’s Bellagio Center to build on the landmark New Deal for Engagement in Fragile States by offering fresh approaches to dealing with fragility.
One key takeaway was the need to ensure inclusive economic growth. Countries affected by fragility, however, often lack the elements necessary for private sector development, including secure property rights, predictable government policy, infrastructure, and a skills base, which underscores the need to direct private investment to fragile countries and enlist the private sector to contribute to peacebuilding. These points are outlined, among other key takeaways, in ODI’s report on Financing the End of Extreme Poverty and USIP’s Task Force on Extremism in Fragile States. The Forum presents an important opportunity to advance these discussions and discover other promising ideas to carry forward.
Read the full article about overcoming the fragility trap by Sundaa Bridgett-Jones at The Rockefeller Foundation.