debt

Understanding the Impact of SDG Investments by Refining Sustainability Reporting

2022 Financing for Development Forum side event: Understanding the impact of SDG investments by refining sustainability reporting

Thursday, 28 April, 8 am to 9 am (EST)

This event is being held as part of the programme for the SDG Investment Fair. For registration, please visit this link.

For more information about the Fair, visit un.org/development/desa/financing/events/april-2022-sdg-investment-fair.

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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 Disarmament, Peace, and Security, please visit ngocdps.wordpress.com

Enhancing MDBs as Catalyzers of Private Finance

2022 FfD Forum side event: Enhancing MDBs as catalyzers of private finance

Wednesday, 27 April, 12:30 pm to 1:30 pm (EDT)

This event is being held as part of the programme for the SDG Investment Fair. For registration, please visit this link.

For more information about the Fair, visit https://www.un.org/development/desa/financing/events/april-2022-sdg-investment-fair.

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org

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.

Financing for Universal and Crisis-Responsive Social Protection and Decent Work: Proposals of 2021 UN Inter-Agency Working Group

Join the NGO Committee on Financing for Development on Tuesday, April 26, from 8 – 9:30am EST for an official side event of the 2022 ECOSOC Financing for Development Forum on Financing for Universal and Crisis-Responsive Social Protection and Decent Work: Proposals of 2021 UN Inter-Agency Working Group

Speakers:

  • H.E. Mr. Phillippe Kridelka, Ambassador, Permanent Representative of Belgium to the United Nations
  • Mr. Helmut Schwarzner, Senior Social Security Specialist for the Americas, Social Protection Department, ILO Geneva
  • Mr. David Stewart, Chief of Child Strategy and Social Protection, UNICEF
  • Dr. Santosh Mehrotra, Research Fellow, IZA Institute of Labor Economics, Bonn, Germany
  • Ms. Tikhala Itaye, Director, Global Movement Building, Women in Global Health

Moderator: Dr. Barry Herman, Member Advisory Board, Social Justice in Global Development

Register here: https://us02web.zoom.us/meeting/register/tZYsfuqqrjwiHtLVutntuRo0xgsa9K_vEKxP

Co-sponsors: Vivat International, Women First International Fund, Salesian Missions, International Labour Organization, World Vision, Social Justice in Global Development

Background: Social protection refers to assuring a basic income floor and access to basic healthcare throughout the life cycle. It should be provided universally to all people in need, but that is far from current practice. While decent jobs, including self-employment, are mainly in the private economy, meeting the qualifications for most jobs usually requires education and good health, which are primarily public service functions. Thus, programs to promote social protection and decent jobs entail adequate, effective, and fair national systems of taxation, complemented by international assistance, often in the form of technical assistance but also sometimes in aid-financed budget support, as for low-income countries.

The experience of the pandemic laid bare inadequate systems to deliver cash transfers to compensate for the economic costs of the crisis and inadequate public health systems to deliver vaccines, tests, and protective equipment, along with the very limited capacity, especially in developing countries, to maintain employment during the crisis-induced economic contraction. The pandemic experience requires us to think about preparing better “shock responsive” social protection and health systems and stronger counter-cyclical policies. Preparation, in turn, requires consideration of ways to mobilize the necessary domestic and international financial resources on an ongoing basis and with the capacity to meet the higher expenditure needs at times of crisis.

While the inter-agency report concluded with 21 separate proposals, speakers in the side event will be asked to discuss one or more of the proposals. There is no expectation that all 21 proposals would be covered, nor is that necessary. What is necessary is to bring the attention of the FfD Follow-up Forum for consideration by policymakers the work of the 16 cooperating agencies in the task force and the civil society, labor, employer, and youth stakeholders that were consulted in preparing the report.

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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.

ECOSOC Forum on Financing for Development

The ECOSOC Forum on Financing for Development follow-up (FfD Forum) is an intergovernmental process with universal participation mandated to review the Addis Ababa Action Agenda (Addis Agenda) and other financing for development outcomes and the means of implementation of the Sustainable Development Goals (SDGs).

The event brings together heads of state and government, ministers and high-level government officials as well as senior officials of international organizations. Civil society organizations, the business sector and local authorities will also be represented.

Additional information on preparations for the Forum, including the programme, outcome, substantive background, stakeholder participation and side events, will be made available here: un.org/development/desa/financing/what-we-do/ECOSOC/financing-development-forum/FFD-forum-home

The UN does not charge a fee for registration and participation. For any questions, please contact the Financing for Sustainable Development Office at ffdforum@un.org.

Register here: un.org/development/desa/financing/what-we-do/ECOSOC/financing-development-forum/registration

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CoNGO Notes: 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.

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 hereWe 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

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.

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.

[registration deadline] Course on non-tariff measures and their relevance to the pandemic

The UNCTAD secretariat is pleased to inform the permanent missions of member States in Geneva that the UNCTAD Trade Analysis Branch will organize the first edition of an online course on economic analysis of non-tariff measures of 2021. This edition of the course will be held from 4 October to 19 November 2021.

The objective of this course is to introduce the main empirical approaches used to assess the impact of non-tariff measures on bilateral trade flows. The course targets audiences who are working in trade and/or development field, such as government officials, researchers and representatives of the private sector. We especially encourage participants who want to strengthen their understanding of non-tariff measures, use non-tariff measures data and/or who are or may be involved in the design or negotiation of policies related to non-tariff measures. The course may also be of benefit to participants involved in the regulatory cooperation and harmonization of non-tariff measures across countries/sectors and participants involved in the resolution of trade frictions related to non-tariff measures.

A limited number of applications will be considered from the stakeholders of developed countries. Qualified women candidates are particularly encouraged to apply.

Interested candidates should apply by following the instructions available at research.net/r/EconNTMs. The deadline for applications is 26 September 2021.

To obtain assistance with the online application process, please contact elearningtrade@un.org. Requests for further information or clarifications about the course may be sent to Ms. Chi Le Ngo, Trade Analysis Branch, UNCTAD Division on International Trade and Commodities; email: ntm.training@unctad.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-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit ngocsdvienna.org.

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