11th May 2016, Johannesburg, South Africa, OR Thabo, Southern Sun Hotel.
1. Context of Domestic Resource Mobilization (DRM)
Director of Ceremonies, Ladies and Gentlemen, Allow me to acknowledge that a cocktail dinner is not a platform for speeches especially when we have three days dedicated to intensive deliberations on a variety of subjects. I will therefore not want to spoil your dinner but it is however important that we highlight the context of this working dinner cocktail.
The failure by the developed countries (the G8) to uphold the development aid pledges they made at the 31st G8 Summit held on the 6th to the 8th July 2015 at Gleneagles, Scotland in the United Kingdom and the resultant dwindling aid require that more focus be put on domestic resource mobilization (DRM) initiatives. Resource scarcity for developing countries have been exacerbated by the global recession which many economies are still to recover from and recently the migration crisis which now has preoccupied the donor countries.