tax havens

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.

Revisiting Financing for Development

In preparing to mark the 20th  anniversary of the first United Nations International Conference on Financing for Development held in Monterrey, Mexico in March 2002, a process that promised so much, it is only prudent to reflect on the history of the Financing for Development (FfD) processes, especially considering the negative impact of the COVID-19 pandemic on efforts to curb the widening of the gap between the rich and poor, both within and among countries. During these trying times, the poor and the most vulnerable are left at the mercy of ineffective regional and global policies. We are also witnessing the erosion of personal freedoms, even within the so-called bastions of democracy. Individual and corporate greed seems to be dictating the direction of these financial policies.

In light of the pandemic and a looming global recession, the UN Secretary-General Antonio Guterres sounded the alarm: “We must act quickly and decisively to protect people and strengthen societies in the face of this shock, which comes on top of a global climate emergency, soaring inequality and growing discontent with the economic and social order in general.”

The premise of the FfD process has been to eradicate poverty, achieve sustained economic growth and promote sustainable development in an inclusive and equitable global economic system. There needs to be a systemic transformation of the global financial architecture and global division of labor towards achieving a just, green, equitable and gender-sensitive recovery in the current and post-COVID-19 scenario.

Financial regulations that turn a blind eye toward tax-havens are indicators of the extent to which the privatization of wealth has generated today’s culture of shortsightedness. Morality is not arbitrary. The well-being of our planet and its 7.5 billion human inhabitants require a readjustment of perspective that justly distributes wealth, recognizing that shared prosperity sustains life.

As civil society organizations, we have the moral obligation, the responsibility and needed insights, and opportunities to join in advocating to change this narrative. This moment calls for a greater vision of the world that ought to be, than the empty promises of our current global social compact.  This is the time to join forces to remove the malignant growth of addiction to individual/private gain/profit and promote communal gains and wellbeing by advocating for financial structures that support collaboration, transparency, and accountability.

We, as civil society, have the ability and insight to change the narrative. Let us start by reviewing our individual and collective roles and the prospects of the FfD process to invigorate our plan of action to bring about the change for which we have been clamoring.

Register here!

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, an official Substantive Committee of the Conference of NGOs in Consultative Relationship with the United Nations, please visit ngosonffd.org. 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

World Bank + IMF Annual Meetings

The 2021 Annual Meetings of the World Bank Group and the International Monetary Fund will take place from Monday, October 11, through Sunday, October 17. All public and by-invitation-only events—including the Program of Seminars and other public events, ministerial meetings, CSO engagements, and press conferences—will be virtual and accessible on World Bank digital platforms. To accommodate time-differences, events may take place outside of the principal week.

At the heart of the Annual Meetings are the Annual Meetings plenary speeches, the joint World Bank Group/IMF Development Committee, and the IMF International Monetary and Financial Committee. Other featured events include regional briefings, press conferences, and fora focused on the global economy, international development, and the world’s financial markets.

Registration will open in mid-August. Information about the schedule of the 2021 Annual Meetings will be posted soon – check back regularly for updates here: worldbank.org/en/meetings/splash/annual

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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 ngocsdvienna.org. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org.

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.

Sixth Annual SDG Business Forum

The sixth annual SDG Business Forum will take place virtually on Wednesday, 22 September 2021 from 7:00 AM to 12:00 PM, EDT in conjunction with Uniting Business LIVE, during the High-Level week of the 76th session of the United Nations General Assembly.

Co-hosted by the International Chamber of Commerce (ICC), the UN Department of Economic and Social Affairs, and the UN Global Compact, SDG Business Forum is one of the largest annual gatherings of business leaders at the United Nations.

It offers a unique opportunity to drive pivotal momentum towards achieving the Sustainable Development Goals and leveraging the power of the private sector in co-creating lasting solutions for some of the most critical issues of our times, such as sustainable and resilient recovery from the COVID-19 pandemic; climate change and nature loss; social inequality and economic exclusion. This year’s event will be closely related to the themes of several United Nations conferences in 2021, including the High-Level Dialogue on Energy, the United Nations Food Systems Summit, the Second United Nations Global Sustainable Transport Conference, while building momentum for the United Nations Climate Change Conference (COP26).

Confirmed speakers for the 2021 programme include the United Nations Secretary-General Antonio Guterres, Deputy Secretary-General Amina Mohammed, Special Representative for Sustainable Energy for All Ms. Damilola Ogunbiyi, Special Envoy for the Food Systems Summit Dr. Agnes Kalibata, HRH Princess Noura Turki Al-Saud of Saudi Arabia, the Honorable Prime Minister of Fiji Mr. Commodore Josaia V. Bainimarama and several senior ministers from Member States, as well as prominent business leaders such as Executive Chairman of Mastercard Mr. Ajay Banga, Executive Director of ITC Ms. Pamela Coke Hamilton, CEO of Alecta Mr. Magnus Billing, Chairperson and CEO of Kokusai Kogyo Ms. Sandra Wu, CEO of GIST Advisory Mr. Pavan Sukhdev, among others.

Registration

Registration for the SDG Business Forum can be accessed through the Uniting Business Live digital venue. One day access to the SDG Business Forum is complimentary. Participants from Governments, UN System, civil society organizations and other stakeholder groups also have the option to sign up for complimentary access to all three days of Uniting Business Live with the code DESAGUEST.

For more information on the event, topics, and confirmed speakers, please visit the SDG Business Forum webpage: http://sdgbusinessforum.org

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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-NY, please visit ngocsd-ny.org

SDG Investment Fair: Facilitating Private Investment for SDG Impact [registration deadline]

Facilitating Private Investment for SDG Impact | 28 – 29 September 2021 

The SDG Investment (SDGI) Fair is a platform for scaling up investment in sustainable development by facilitating direct interaction between representatives of governments of developing countries, private sector and multilateral agencies.

The Fair is evolving from an annual event to a year-round program. The September 2021 Fair seeks to introduce new countries to the SDGI Fair program and to increase interaction between investors and participating countries. Three countries will have a chance to present their projects to potential investors.

The event will also feature one-on-one matchmaking sessions between the investors and countries, online investor exchanges, knowledge sharing and capacity building.

Further details, including the participating countries and event’s agenda, will be published at a later date. However, registration is now open.

Please register here: cognitoforms.com/UNDESA1/September2021SDGInvestmentFair2?v2

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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 ngocsdvienna.org. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org.

Climate Investment Summit 2021: Accelerating Green Investments

Climate Investment Summit 2021 is a leading summit aimed at increasing investments in climate and green recovery – built on the experience of practitioners, best practice business models and cross-sector collaboration.

The Climate Investment Summit is a pivotal milestone in the Climate Investment Coalition’s investment roadmap leading to a historical COP26 and beyond. The Summit will showcase the UK’s leading global position, commitment to net zero and the investment opportunities that this provides across the whole of the UK to catalyse billions of pounds of investment for the Ten Point Plan for a green industrial revolution.

Participate virtually here: climateinvestmentsummit.org

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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 the Rights of Indigenous Peoples, please visit facebook.com/NGOCoRIP. 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 ngocsdvienna.org

Deadline Glasgow: Defund Climate Chaos

On November 1st, the most important international climate talks since Paris will begin in Glasgow, Scotland. National leaders from around the world will gather and make new climate commitments; many corporations will release their latest climate plans.

That’s why today Stop the Money Pipeline and our coalition partners are launching: Deadline Glasgow – defund climate chaos.

The Glasgow Climate Talks are a historic opportunity for the world to act on climate. When the Paris Agreement was signed five years ago, every nation on earth agreed to meet five years later and “ratchet up” their climate ambition. We’re now at that moment ― and it is vital that we hold the world’s leaders to their promises.

We’ll share the plan to campaign hard through Glasgow & we’ll have clear steps for activists to join us on the campaign.

Speakers include Tara Houska of Giniw Collective, Kayah George of Indigenous Climate Action, Representative Rashida Tlaib, and Bill McKibben.

Register here!

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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 the Rights of Indigenous Peoples, please visit facebook.com/NGOCoRIP. 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 ngocsdvienna.org.

World Bank CSO Monthly Call Briefing

Dear Colleagues in Civil Society,

Please save the date for the next CSO Monthly Call. It will take place on Thursday, July 29, 2021, from 10:00 to 11:00 AM EST.

Preliminary Agenda

Speakers:

  • Dilip Ratha, Head, Global Knowledge Partnership on Migration and Development (KNOMAD), World Bank
  • Enrique Blanco Armas, Manager, International Development Association (IDA), World Bank

Objectives to discuss:

  1. The latest Migration and Development Briefthat highlights the resilience of remittances flows during the year 2020, despite the COVID-19 pandemic.
  2. An update on the IDA20 replenishment process.

The CSO monthly call will take a break during the month of August and will resume in September.

Kind regards,

World Bank Civil Society 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 ngocsdvienna.org

South-South Sharing of Experiences in Macro-Financial Policies for Structural Transformation

UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT

Meeting the 2030 Agenda and the Sustainable Development Goals (SDGs) is inextricably linked with the process of structural transformation. Macroeconomic and financial policies are a key area in which many developing countries face limitations in their capacity to effectively design, manage, coordinate, implement, and evaluate the policy levers of structural transformation. South-South sharing of experiences, including by drawing lessons from success stories such as China’s development strategy, can help to address this shortcoming and assist national capacity-building.

China’s successful development experience over the past 40 years has been based on a pragmatic, gradual and experimental approach to development. Many other developing countries adopted policy strategies that emphasize reducing state influence over key macroeconomic policy levers such as exchange rates and interest rates, combined with broad-based liberalization and privatization at the sectoral level. This latter approach did not result in structural transformation. As such, China’s experience may act as a reference point from which other developing countries can assess alternative economic policy options that are consistent with their own objectives for structural transformation and adapted to their own specific circumstances.

This webinar looks at macroeconomic and financial policies from a comparative cross-country perspective. It aims at fostering a better understanding of the key macroeconomic and financial policy challenges that developing countries face and the extent to which China’s development strategy, trajectory and dynamics can inform other countries’ macroeconomic and financial policy strategies.

Register here: us02web.zoom.us/webinar/register/WN_ryV6dH_4SsKEuaGb7o44tw

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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 ngocsdvienna.org. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org.

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