The Invisible Player: Social and Solidarity Finance for Financing for Development
Think Piece Series The Road To Addis and Beyond
This contribution is published as part of the Think Piece Series The Road To Addis and Beyond, launched to coincide with the third and final drafting session of the outcome document of this summer’s Third International Conference on Financing for Development. In this Series, global experts discuss a range of topics complementary to the UNRISD research project on the Politics of Domestic Resource Mobilization on how to fund social development and raise provocative or alternative perspectives that can generate further ideas and debates.
The debates at the 2015 International Conference on Financing for Development (FfD) in Addis Ababa focused on macro gaps in development funding, and on the private sector as a provider of solutions. But this approach overlooked two fundamental players: social and solidarity economy (SSE) and social and solidarity finance (SSF). This think piece suggests that involving users in the management of financial resources and targeting funds towards sustainable activities leads the way to more sustainable finance conducive to socially sustainable development.