private sector

Exploring Digital Finance’s Real Promises and Challenges for Development

Exploring Digital Finance’s Real Promises and Challenges for Development

Join the NGO Committee on Financing for Development on Wednesday, 27 April 2022, 8:00 a.m. – 9:30 a.m. EDT for this official side event to the 2022 ECOSOC Financing for Development Forum.

Register here: https://us02web.zoom.us/meeting/register/tZ0qc-6orjsuGdFhyWHfljp7ZNxV526Onoc7

Speakers:

  • Ms. Cina Lawson, Minister of Digital Economy and Transformation of the Republic of Togo (TBC)
  • Dr. Purva Khera, Economist, International Monetary Fund
  • Mr. Johannes Ehrentraud, Senior Advisor, Financial Stability Institute, Bank for International Settlements
  • Ms. Sofie Blakstad, CEO of hiveonline and author of Fintech Revolution: Universal Inclusion in the New Financial Ecosystem
  • Ms. Anneleen Vos, Seionr Economic Policy Officer, International Rescue Committee
  • Mr. Prabhat Labh, CEO, Grameen Foundation India
  • Ms. Mercy Buku, Program Leader, Toronto Center

Moderator: Mx. Anita Thomas, Chair, NGO Committee on FfD, Representative to the UN, Women First International Fund

Co-sponsors: ManUp Campaign, Change Management Solutions, Sisters of Charity Foundation, African Development Interchange Network, IBVM

Background:

The UN Secretary General’s task force on digital finance in its report titled “People’s Money: Harnessing Digitalization to Finance a Sustainable Future,” spells out the transformational impact digital finance can have on sustainable development. Providing relief for millions around the world, supporting businesses, and protecting jobs and livelihoods, digital finance served as a lifeline during the COVID-19 pandemic. A World Bank tally of policy responses to the pandemic finds that at least 58 governments in developing countries used digital payments to deliver COVID-19 relief, of which 36 countries made payments into fully transactional accounts that were being used for saving beyond simply withdrawing cash. According to the GSMA, international remittances processed via mobile money increased by 65 percent in 2020.

Proponents of digital finance highlight its strong capabilities to reduce transaction costs, the potential of Artificial Intelligence to provide fair and equitable treatment of credit applicants, and the scalability of cloud technology, through the use of blockchain technology, to allow consumers to transact remotely and seamlessly across multiple platforms.

While the experience of COVID-19 has proven that digitalization can transform economies and lives, it needs to be shaped with both its advantages and potential risks in mind in order to bring everyone into the digital age. For technology to benefit everyone, private sector innovation must be supported by the appropriate public goods such as the public provision of foundational infrastructure, access to electricity, mobile and internet coverage.

As in the case of any disruptive technology, without combining technological advances with sound policy measures, digital technology cannot deliver on its potential to meaningfully advance financial inclusion for everyone, including the more than 2 billion unbanked people globally. Delivering on promises to advance financial inclusion can only be considered meaningful when the account holder has a fully functional account that they utilize to save, make payments, obtain manageable credit, and mitigate economic risks and is simply not utilized to withdraw cash from cash transfers from the government, which is overwhelmingly the case at this time.

By examining successful strategies that maximize digital finance’s potential while minimizing risks to the financial sector, government revenues, and at-risk populations, attendees will gain a better understanding of how digital finance can sustainably advance development objectives.

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CoNGO Notes: The NGO Committee on Financing for Development is a Substantive Committee of the Conference of NGOs in Consultative Relationship with the United Nations.

2021 SDG Investment Fair

You are invited to the United Nations SDG Investment Fair, 14-15 December 2021.

The SDG Investment Fair brings together top institutional investors with sustainable development projects in developing countries. Out of a pool of applicants, 3 countries are chosen to present their projects as investors of all sizes scout for lucrative investment opportunities across Asia, Africa, and Latin America that advance the United Nations Sustainable Development Goals (SDGs). In September, the Fair was held virtually with Pakistan, Rwanda, and Dominican Republic showcasing their sustainable development projects in manufacturing, infrastructure, and agri-business. The Fair returns this December amidst growing demand for a dedicated space to connect investors with impactful business opportunities. The finalists taking stage at the December fair are Ukraine, Morocco, and Namibia. As the pandemic restrictions begin to lift, the SDG Investment Fair in December 2021 will offer both in-person and virtual spaces for networking, pitches of projects, investor exchanges, knowledge sharing, and informational sessions. The Fair will feature:

  • Presentations of investment opportunities in SDG projects
  • Expert panel discussion on leveraging Public Development Banks to drive financing for the SDGs
  • Informational session on available resources on SDG investments from within the UN ecosystem
  • Direct interaction between countries and investors

To register, please click here or visit our website for more information, including a detailed agenda. Best regards,The SDG Investment Fair team

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com.

NGO Committee on Financing for Development monthly meeting

Dear NGO Committee on FfD members & interested NGO colleagues,

The next  NGO Committee on Financing for Development meeting will take place by Zoom on December 8 from 1:00 – 3:00 pm EST.  The agenda and minutes of the meeting are posted to the meeting folder, which can be accessed here. Additional documents will be posted over the weekend. Kindly review the documents before the meeting. 
The Zoom invitation is included below. After registering, you will receive a confirmation email containing information about joining the meeting.
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CoNGO Notes: The NGO Committee on Financing for Development is a Substantive Committee of the Conference of NGOs in Consultative Relationship with the United Nations. Likewise, for more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com.

Asia-Pacific Environmental Human Rights Defenders Forum

Dear Friends/Colleagues,

The United Nations Office of the High Commissioner for Human Rights – Regional Office for Southeast Asia and the Pacific,  United Nations Environment Programme – Regional Office for Asia and the Pacific, Asia Pacific Network of Environment Defenders, together with our partner organizations, will be conducting the Asia-Pacific Environmental Human Rights Defenders (EHRDs) Forum with the theme “Building safe spaces for dialogue and support among environmental human rights defenders“ on 17-19 November 2021 at 10:00-13:00 GMT+7 / Bangkok time. The Forum aims to provide a venue for EHRDs discussion, learning exchange, and formulation of recommendations among EHRDs in the region. The recommendations will become a foundation to raise awareness amongst policymakers, the private sector, and other stakeholders in order to encourage policies and practices recognizing the vital and positive role of EHRDs. The recommendations developed at the Forum can further guide UN programming and advocacy at the country and regional levels to continue to support the contribution of EHRDs.

Register here: https://events1.social27.com/EHRDForum/auth/register

If you have questions, please contact the Forum team at ap.ehrd.forum@gmail.com.

#Asia-PacificEHRDForum2021

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CoNGO Notes: For more information on the NGO Committee on Human Rights, please email the co-chairs at bknotts@uua.org or bobbinassar@gmail.com. For more information on the NGO Committee on Social Development, please visit ngosocdev.org. For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on the Rights of Indigenous Peoples, please visit facebook.com/NGOCoRIP. 

Civil Society Prep Meeting for the 9th Conference of the States Parties to the UNCAC (COSP9)

Dear Civil Society Representatives, 

Since you have been invited to participate as an observer in the ninth session of the Conference of the States Parties to the United Nations Convention against Corruption (COSP9 UNCAC), which will be held in Sharm El Sheikh, Egypt, from 13 to 17 December 2021, we would like to inform you that on 12 December 2021, UNODC and the UNCAC Coalition will carry out a CSO Preparatory session and we would like to invite you to participate.

Civil Society Preparatory Meeting 9th Conference of the States Parties to the UNCAC (COSP 9)

Opening:

  • Mathias Huter, Managing Director, UNCAC Coalition
  • Member of the Bureau (TBC)
  • John Brandolino, Director, Division for Treaty Affairs, UNODC (TBC)

UNODC Session: Briefing on COSP & Explaining the role of CSOs at the Conference

Moderator: Mirella Dummar Frahi, Chief, Civil Society Unit, UNODC

Speakers:

  • Brigitte Strobel-Shaw, Chief, Corruption and Economic Crime Branch (CEB), UNODC
  • Livia Krings, Crime Prevention and Criminal Justice Officer, CEB, UNODC

UNCAC Coalition Session: Coordinating civil society advocacy and messaging at the Conference

Moderator: UNCAC Coalition representative

  • Overview of on-site CSO activitiesLightning talks on priority topics: Preventive measures
  • Beneficial ownership transparency
  • Asset recovery
  • Civic space & improved UNCAC review mechanism
  • Follow-up to the UN General Assembly Special Session (UNGASS) on corruption
  • Other issues (identified by participants, dependent on proposed resolutions

Register here: indico.un.org/event/1000235

*An official letter indicating the names of the persons constituting your organization’s delegation, including individual email addresses, must be uploaded to the INDICO system, together with the mandatory details for each participant (name, title, individual email address, photo, in-person or online participation and copy of passport). Registration requests will be approved by the secretariat only after being cross-checked against the official letter of the organisation, uploaded to INDICO. In line with requirements by the Host Country, participants are requested to complete the registration process as early as possible before the Conference and not later than 12 November 2021.

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com. For more information on the NGO Committee on the Rights of Indigenous Peoples, please visit facebook.com/NGOCoRIP. 

Adequate reparation in the future LBI: The example of mining disasters

Join us for this official side event during the 7th session of the open-ended intergovernmental working group on transnational corporations and other business enterprises with respect to human rights.

Examining the concrete situations in Marinduque Island (the Philippines) and Minas Gerais State (Brazil), panelists will interrogate whether articles in the current draft for the legally binding instrument would support the rights of victims to access justice, individual or collective reparations, and effective remedy.

Register here: https://us02web.zoom.us/webinar/register/WN_sF_Md1ynQ1e4bYxqpoidqw

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CoNGO Notes: For more information on the NGO Committee on the Rights of Indigenous Peoples, please visit facebook.com/NGOCoRIP. For more information on the Committee of Religious NGOs at the United Nations, please visit rngos.wordpress.com. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com.

UNDESA Panel Discussion and Launch Event for the Handbook on Carbon Taxation for Developing Countries

Dear Colleagues,

We are glad to inform you that the United Nations Department of Economic and Social Affairs (UNDESA) will, on 25 October 2021 between 11:15 a.m. – 12:15 p.m., host a virtual panel discussion a virtual panel discussion and launch event on “The Handbook on Carbon Taxation for Developing Countries: a tool to advance countries’ decarbonization efforts and contribute to the commitments of the Paris Agreement”.

The informal event will take place on the occasion of the launch of the new UN Handbook on Carbon Taxation for Developing Countries and in preparation of COP26; it is framed in the broader discussion on the UN Tax Committee’s contribution to advancing a Tax and SDGs approach to enhancing international tax cooperation for sustainable development.

The panel will discuss how carbon taxation can be instrumental in the fight against climate change, and support countries’ efforts in fostering economic recovery measures, as part of a global response to the current COVID-19 pandemic-induced multidimensional crisis. Panelists will also analyze the relevance of the Handbook in view of COP26 and how this publication can support countries at all levels of development – and in particular developing countries and countries in special situations – in advancing their decarbonization efforts and meeting their pledges under the Paris Agreement. The detailed agenda of the panel discussion is attached.

The English version of the Handbook will be available in electronic format shortly before the launch event, with French and Spanish versions to follow in the first half of 2022.

The event will be opened by representatives from the United Nations and the donor community. The panel discussion and moderated Q&A with panelists will engage experts from developing countries, regional tax organizations, civil society organizations, academia, civil society and the private sector.

All UN Member States and interested stakeholders are welcome to participate in the event.

Kindly register here. We look forward to your presence and interaction.

To share your feedback or seek further information about the panel, please contact the International Tax and Development Cooperation Branch, Financing for Sustainable Development Office, Department of Economic and Social Affairs (email: taxcommittee@un.org).

With kind regards,

Navid Hanif

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CoNGO Notes: For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com. For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. 

The global debt crisis and the role of private creditors

Sharing responsibilities as well as benefits? The global debt crisis and the role of private creditors

The results of the G20 initiatives to relieve the debt of the Global South, which has been hard hit economically by the pandemic, are sobering. Many eligible countries are reluctant to enter into negotiations. They fear that debt relief will cut off their long-term access to private capital markets and cause them to lose the confidence of private investors. These concerns have been reinforced by creditors, especially from the private sector. And the G20? Despite its commitment to private sector participation in the Common Framework for Debt Treatments, it has so far not found the political will to make such participation mandatory. However, this would be a key step to shield debtor countries from uncooperative creditors and achieve substantial debt relief.

In the run-up to the joint meeting of G20 health and finance ministers this October we have invited international experts from academia, government, and financial institutions to discuss the following questions among others:

  • Is there empirical evidence that debt relief excludes countries from much-needed development finance?
  • On what grounds could the participation from the private sector in official debt relief initiatives, comparable to other creditors, be expected?
  • In what ways can the G20 compel private sector participation and equal burden-sharing?

Further event details will be forthcoming, but please stay apprised of updates here: https://ny.fes.de/

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com. For more information on the NGO Committee on Sustainable Development-New York, please visit ngocsd-ny.org.

Public dialogue on the progress of the Inter-agency Task Force on Financing for Development

Dear colleagues,

You are cordially invited to an informal public dialogue on the progress of the Inter-agency Task Force on Financing for Development (IATF on FFD), in preparation for the 2022 Financing for Sustainable Development Report. The public dialogue will be held on the 21st of October (Thursday), 9:00 – 10:30 EDT, virtually via MS Teams.

Representatives from the Secretariat, the five major institutional stakeholders (World Bank Group, IMF, WTO, UNCTAD and UNDP), and other Task Force members will brief Member States and external stakeholders on their work. A short presentation will be followed by an interactive discussion to solicit feedback and input. We welcome the participation of all delegations and all stakeholders in this briefing and look forward to your contributions to the dialogue.

If you are interested in attending the briefing, please click here to register and you will receive a specific calendar invitation for the event.

Background information on the briefing is available on the Task Force website. For further information please contact Mr. Peter Chowla (chowla@un.org), Ms. Poh Lynn Ng (ng6@un.org), and Ms. Jie Wei (weij@un.org).

Kind regards,

Navid Hanif

Director, Financing for Sustainable Development Office, Department of Economic and Social Affairs, United Nations

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com.

Multilateralism & Multi-stakeholderism: Where does accountability for the corporate sector fit in?

Join this UNGA76 side event exploring corporate influence across the United Nations System, and identifying ways in which civil society and all actors can resist corporate influence with a view to build a more accountable and equitable system that operates in the interests of people and planet, rather than profit.

 Register:  bit.ly/AccountabilityForCorporateSector

Speakers will include:

  • Moderator: Barbara Adams, Global Policy Forum
  • Cai Yiping, Development Alternatives for Women (DAWN)
  • Emilia Reyes, Campaign of Campaigns/Equidad de Genero
  • Debbie Stothard, ALTSEAN / Steering Committee of Corporate Accountability Working Group at ESCR-Net

Some guiding questions:

  • How can pushes for inclusivity have unintended consequences for enhancing corporate influence across the United Nations system?
  •  How do states and governments use PPPs and the idea of multistakeholderism to obfuscate responsibilities to their populations?
  •  How can corporations be held accountable to Human Rights mechanisms and international law?
  • What changes are needed to transform the way in which the UN System is funded to reduce or combat corporate capture of decision-making?

This event will be recorded and uploaded to the Women’s Major Group YouTube Channel. Interpretation will be available in French and Spanish.

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CoNGO Notes: For more information on the NGO Major Group, please visit ngomg.org. For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com.

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