How Data Helps the Money Flow emphasizes the role of public data ecosystems in activating private sector activity and addresses gaps in data availability that hinder growth.
The briefing explores how investment in data can overcome these barriers, highlighting the need for collaborative action among diverse stakeholders to unlock the benefits of data. Data is crucial for attracting finance based on accurate risk assessments, identifying new investment opportunities, strengthening supply chains, and meeting environmental, social, and governance (ESG) criteria.
To realize the full potential of data, the briefing outlines six practical, high-impact options for public investment, including collecting high-quality data, developing open data systems, and building the talent pipeline. It concludes with a call to action, urging global leaders to commit to raising the availability of SDG data, support data dividend partnerships, and ensure transparent and effective financing for data.
We are calling on global leaders to commit to:
- Raise the percentage of available SDG data, based on SDG progress report recommendations, and to increase investment in data systems;
- Develop cutting edge data partnerships bringing together government actors, donors, multilaterals, civil society and industry to open up the opportunities of new data technologies in safe and ethical ways;
- Fund cutting-edge data partnerships in low- and middle-income countries;
- Develop and implement a set of principles for better investment in data systems from all partners, including tracking aid for data and statistics in OECD DAC sectors.
