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新闻 / 政策和金融
‘Not as easy as filling USAID’s gap’: How philanthropies in Southeast Asia are stepping up
As regional donors are urged to give more, many say it is not just about plugging immediate gaps from the sudden pullout, but buying time for aid-reliant projects to diversify funding models, which have been "overdue for an overhaul".
Increasing allocations and giving states more freedom on how they can spend EFT funds could make this mechanism more effective, say conservationists. Malaysia's environmental sustainability minister Nik Nazmi also agrees there is a good basis to make the scheme more permanent, but in-depth discussions must be held with the states, he told Eco-Business.
The federal government says the Ecological Fiscal Transfer (EFT) approach has spurred state governments to expand protected areas and run more conservation programmes. Yet as environmentalists are calling for more EFT funding, our latest analysis finds little transparency on most of the money disbursed, despite some state-level data from Johor and Sabah.
The Unlocking capital for sustainability 2024 insights report captures key messages, discussion points, and recommendations for policymakers and businesses across the region to forge a more inclusive and sustainable Asia.
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