Responsible Development Financing for Post MDG 2015

CSO Panel 4, 46th ADB AGM Delhi

Isagani R SerranoPresident, Philippine Rural Reconstruction Movement

(PRRM)

The views in this presentation are the views of the author and do not necessarily reflect the views or policies of the Asian Development Bank (ADB), or its Board of Governors, or the government they represent. ADB does not guarantee the accuracy of the data included in this presentation and accepts no responsibility for any consequence of their use. Terminology used may not necessarily be consistent with ADB official terms.

Responsible development financing, for what?

Development as usual or

A different kind of development?

Paradox: growth with rising inequalities

Paradox: growth with so many excluded

Paradox: growth with declining environment

What are we chasing growth for, anyway?

Financing happiness?

Change the measures, change the pathways

% food supply grown organically% streams you can drink from safely Average age of trees in the forestPopulation trends of migrating songbirds Shortened food miles (distance between where food is grown and consumed)Average distance travelled by a person each year% elections when you vote for a politician you really trust and likeAverage distance between living places of members of extended familyAverage number of minutes spent everyday in prayer, meditation, or quiet

time% of “clowns” or people with sense of humor in a village or community % of people who say they have “enough”

04/13/23 8ganiserrano/prrm/rio+20

Is this where ADB wants to go?

Thank You and Good Luck!