Effective tax systems are critical element in driving economic progress. Declining overseas development assistance and dwindling FDI inflows in many developing countries have resulted in greater attention to domestic resource mobilization. As a result, key actors in the development community, including the EU, World Bank Group and IMF are increasingly looking at ways to support country clients to improve tax collection and strengthen domestic enabling environments. IEG recently disclosed a report reviewing the Bank Group’s support to tax policy and administration reform over FY2005-15. It identifies the drivers of performance as well as lessons to inform the future work of the Bank Group.
Our panel of experts from multilateral financial and development institutions explored the pivotal role of tax revenue mobilization in financing the achievement of the 2030 development agenda.