Tax Policy for Domestic Resource Mobilization: Challenges for the Developing World
Domestic resources are the largest untapped source of financing to fund national development plans. The potential for expansion of domestic resource mobilization (DRM) may be particularly high in Asia and the Pacific, but further efforts are needed to increase tax revenues in developing countries in the region to support DRM. To respond to the region’s need, ADB established a multi-partner DRM Trust Fund to support the 2030 Agenda for Sustainable Development.