IMF

Financing a sustainable recovery: the role of debt-relief instruments

Dear Colleagues,

Please join us for an HLPF Side Event on “Financing a sustainable recovery: The role of debt-relief instruments.”

This virtual side event, which is part of the Financing for Development in the Era of COVID-19 and Beyond Initiative, is jointly organized by UN DESA and UN Economic and Social Commission for Western Asia (UN ESCWA), with participation of UN Economic Commission for Latin America and the Caribbean (UN ECLAC) and UN Economic and Social Commission for Asia and the Pacific (UN ESCAP) and the IMF.

The event brings together UN and other international experts to present and explore efforts to develop instruments for debt relief and restore fiscal space, for countries’ COVID response, climate action and the SDGs. The session aims to strengthen international and regional discourse on debt relief, especially in relation to climate change and the upcoming COP26.

The side event will take place on Thursday, 15 July 2021 (7:30 am – 9:00 am, New York/EDT) on WebEx.

Click here to register for the event and for more information, including the full concept note.

We welcome the participation of all stakeholders. You are most welcome to share this invitation with your networks.

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 ngocsdvienna.org

Alternatives to Debt and Austerity in Latin America

Alternativas frente a la Deuda y Austeridad en América Latina | Alternatives to Debt & Austerity in Latin America

Panel:

  • Oscar Ugarteche, Coordinator of the Economic Observatory of Latin America (OBELA) from the Economic Research Institute (UNAM).
  • Isabel Ortiz, Director of Global Social Justice

Comments:

  • How do austerity policies affect workers? Jocelio Drummond, Regional Secretary of the Public Services International (PSI) for the Americas
  • How do austerity policies affect women’s rights? Verónica Serafini, Latindadd
  • How was the IMF´s return to Latin America? Mario Valencia, Latindadd

Moderator: Patricia Miranda, Latindadd

Register here: https://zoom.us/webinar/register/5516215289568/WN_lCE-A_smQ_GEr946KztoZQ

Background:
Latin America is going through one of the worst social and economic crises, which drags structural failures of the economic model deepened during the pandemic.

In the face of confinement decisions, developed countries have responded with fiscal stimuli and monetary emissions, and some poor countries have managed to access temporary debt service suspensions. However, middle-income countries -that is to say, almost all countries in Latin America- face difficulties in accessing the neccesary financing to address health and economic emergencies.

Concerns in the region grow around the need to alleviate the situation of millions of people living below the poverty line, closing the deepening gender gaps, applying urgent measures in the face of job losses, preventing lack of education from becoming a structurally lagging factor and also, preventing countries from continuing to depend on the extractive economy as the only form of economic growth, among others.

The financing needs to face the crisis have led countries to borrow, increasing their external and internal debt in the midst of a critical fiscal situation, as well as to implement austerity measures. The IMF has returned to the region and there are no signs of a sustainable recovery in this new lost decade for Latin America. In this seminar we seek to address responses and solutions to the situation in Latin America, in the midst of a multiple crisis. Additionally, we seek to address alternatives leading to the recovery of the region.

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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 Social Development, please visit ngosocdev.org. For more information on the NGO Committee on Human Rights, please email the co-chairs at bknotts@uua.org or bobbinassar@gmail.com. 

[Public Briefing] Inter-agency Task Force on Financing for Development on the Global Economic Context

Public briefing of the Inter-agency Task Force on Financing for Development on the Global Economic Context

Dear colleagues,

What does our economic future hold in these uncertain times?

Join us and experts from the IMF, UN DESA and other members of the Inter-agency Task Force on Financing for Development on 3 February 2021, 10.00-11.30 NY time to discuss perspectives on the prospects of the world economy, as well as updates on the 2021 Financing for Sustainable Development Report (FSDR).

Please kindly find the connection details of this public briefing below. More information on this briefing and updates on the 2021 FSDR can be found on our website.

We look forward to the participation of all delegations and stakeholders and welcome your contributions to the dialogue!

Kind regards,

Navid Hanif,

Director, Financing for Sustainable Development Office

Join on your computer or mobile app: Click here to join the meeting

Join with a video conferencing device: unitevc@m.webex.com

Video Conference ID: 122 086 784 4

Alternate VTC dialing instructions | Learn More | Meeting options

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