The year 2020 offers several opportunities for consolidating political will to enhance action for financing sustainable development.
Retreat for UN Member States and the UN Inter Agency Task Force on FSD: "Enhancing financing for sustainable development: the 2020 Financing for Development Forum, SDG Investment Fair and Financing for Sustainable Development Report" | 12-13 December 2019 | Greentree Foundation, Manhasset, New York
Mobilizing sufficient financing and advancing policy change towards Sustainable Development are key priorities for the 'decade of action' to implement the 2030 Agenda.
In the face of a deteriorating global economic outlook and growing challenges to multilateralism, UN Member States summoned the political will to engage in productive informal dialogues with experts from the institutional stakeholders of the FSD process - the UN's FSD Office (FSDO), UN Conference on Trade and Development, UN Development Programme, International Monetary Fund, World Bank Group, and World Trade Organization - to advise on production of the 2020 Financing Sustainable Development Report, regarding such issues as development cooperation, international tax cooperation, illicit financial flows, integrated national financing frameworks, debt sustainability and the health of the global financial system.
The keynote address was given by Eric LeCompte, Executive Director of Jubilee USA, who was also designated by the FfD Coordination Group to represent the Civil Society FfD Group at the retreat.
The year 2020 offers several opportunities for raising ambition and accelerating action for financing for sustainable development. The ECOSOC Financing for Development (FfD) Forum in April will provide a global platform for reflecting on progress and promoting concrete policy action to finance sustainable development. The 2020 Financing for Sustainable Development Report (FSDR) gives a strong analytical foundation for negotiations on the FfD outcome document and overall efforts on the 2030 and Addis Agendas.
Alongside UN-DESA and the UN Foundation, FES New York hosted a Financing for Development (FfD) mini-retreat for UN Member States.
FES enables innovations and the participation of additional developing countries for meetings to jump start the Decade of Action on the SDGs.
There are opportunities to galvanize joint efforts at the UN and beyond. The authors offer reflections on potential ways forward.
In a 2-day retreat, governments prepared to chart the way forward amidst an increasingly challenging global economy.
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