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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.

Stand up for Rights of Older Persons

Violations of older persons’ human rights have been witnessed before and during the COVID-19 pandemic. Decades long implicit biases rooted in ageism have made older people invisible through lack of insightful policies that protect their rights. As the world’s population ages, the trends of human rights violations will undermine the fabric of society and its prosperity.

The United Nations Decade of Healthy Ageing (2021-2030) seeks to create an environment that enables older people to do what they value, where no one is left behind, left to languish, or be disregarded and patronized, be stopped from working or have access to basic health and care. In order to overcome the paucity of progress on drafting a legally binding document (a convention) on the human rights of older persons, the United States and Canada need to STAND UP as global leaders in the effort to Call for Action at the United Nations.

Register here!

This event is organized by the NGO Committee on Ageing-NY, the International Longevity Center of Canada, the International Federation on Ageing, the Global Alliance for the Rights of Older People, and the International Association of Gerontology and Geriatrics.

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CoNGO Notes: For more information on the NGO Committee on Ageing-NY, a Substantive Committee of the Committee of NGOs in Consultative Relationship with the United Nations, please visit ngocoa-ny.org. For more information on the NGO Committee on Ageing-Vienna, please visit ngoageingvie.org. For more information on the NGO Committee on Ageing-Geneva, please visit ageingcommitteegeneva.org. For more information on the NGO Committee on Intergenerational Solidarity, please email the vice chair at susanneseperson@gmail.com.

Digital Equity: Policies, Access, Literacy & Safety

The NGO Committee on Ageing-New York’s program provides a platform for a multi-stakeholder dialogue with a call to action. Speakers will address digital equity, including adequate policies, access, digital literacy, and safety. The virtual program will take place October 1st from 10:00—11:30am EDT.

Register here: docs.google.com/forms/d/e/1FAIpQLSe6cE7POAkqrbuCIgY3L2HFJghTde6BlqlF2HrEayaE4gwoCA/viewform

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CoNGO Notes: The NGO Committee on Ageing-New York is a Substantive Committee of the Conference of NGOs in Consultative Relationship to the United Nations, and more information is available at ngocoa-ny.org. Likewise, for more information on the NGO Committee on Ageing-Geneva, please visit ageingcommitteegeneva.org. For more information on the NGO Committee on Ageing-Vienna, please visit ngoageingvie.org. For more information on the NGO Committee on Education, Learning, and Literacy, please visit facebook.com/NGOCELLatUN. For more information on the NGO Committee on Intergenerational Solidarity, please email the vice chair at susanneseperson@gmail.com. 

Digital Equity for all Ages: Connect, Respect and Protect Older People in Digital Technologies

This year, the International Day of Older Persons 2021 will provide a platform for multi-stakeholder dialogue and serve as a call to action. The #UNIDOP2021 will adopt a person centered, human rights approach to ensure digital equity including adequate policies, access, digital literacy and safety for individuals of all ages.

This particular side event from the NGO Committee on Ageing in Vienna’s program will address cyber security, especially for older persons. The virtual program will take place on October 1st from 7:30—9:15am EDT.

Objectives of #UNIDOP2021:

• To address digital availability, connectivity, design, affordability, capacity building, infrastructure, and innovation in the areas of public and private interests

• To bring awareness of the importance of digital inclusion of older persons, while tackling stereotypes, prejudice and discrimination associated with digitalization taking into account sociocultural norms and the right to autonomy

• To highlight policies to leverage digital technologies for full achievement of the sustainable development goals (SDGs)

• To explore the role of policies and legal frameworks to ensure privacy and safety of older persons in the digital world

• To promote an intersectional person-centered human rights approach for a society for all ages taking into account existing/non-existing legal instruments in the field of digitalization

Register hereus06web.zoom.us/webinar/register/WN_GqD_gJ4OTtymbzNWk5x-rw

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CoNGO Notes: For more information on the NGO Committee on Ageing-NY, please visit ngocoa-ny.org. For more information on the NGO Committee on Ageing-Vienna, please visit ngoageingvie.org. For more information on the NGO Committee on Ageing-Geneva, please visit ageingcommitteegeneva.org. For more information on the NGO Committee on Intergenerational Solidarity, please email the vice chair at susanneseperson@gmail.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.

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.

Protect Education for Sustainable Peace

Dear friends,

We cordially invite you to attend the High-level virtual event to mark the International Day to Protect Education from Attack under the theme “Protect Education for Sustainable Development” to be held on September 9, 2021 at from 8:30am to 10:30am (ET).

Access the full program, speaker biographies, and live stream here: sep9.educationaboveall.org/events/detail/1020408182850968762/talk/1953456246373491363

The event will focus on the critical issue of monitoring, reporting and data, and discuss how global leaders, local communities and groups, governmental bodies, academia, and media can engage fully and systematically in shaping advocacy, prevention and protection of education from attack. Discussions will also contribute to the global debate around the important need to build back education as part of countries’ COVID-19 recovery efforts, making education systems more responsive and resilient.

With kind regards,

UNESCO Liaison Office in New York

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CoNGO Notes: For more information on the NGO Committee on Education, Learning, and Literacy, please visit facebook.com/NGOCELLatUN. 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. For more information on the NGO Committee on Disarmament, Peace, and Security, please visit ngocdps.wordpress.com.

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.

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