Public investment has gained importance in development in recent years. In the Malabo Declaration on African Agriculture and CAADP from 2014, heads of state and government of the African Union recommitted to uphold the target of allocating 10 percent of total spending to agriculture, as originally agreed in the 2003 Maputo Declaration. As part of the strategy to finance the United Nations Sustainable Development Goals (SDGs) for 2016-2030, the role of public investment is pivotal, especially since many of the goals relate to core public services such as health and education. Comprehensive monitoring and analysis of public expenditures are key components of achieving both the goals expressed in the Malabo Declaration and the SDGs.
The Statistics on Public Expenditures for Economic Development (SPEED) is a database that can help with such monitoring and analysis. SPEED is led by IFPRI and supported by the CGIAR program on Policies, Institutions and Markets (PIM).
