(How can the SDG Summit build on the recommendations of the ECOSOC FFD Forum? What can we achieve at the SDG Summit and the GA dialogue on FFD in September 2023?)
The health, cost-of-living, geopolitical and climate crises have exacerbated inequalities within and between countries, and driven millions of people into poverty and food insecurity. The cascading effects of these global shocks have highlighted the urgent need for financing for development to be at the forefront of global efforts towards building back better, as SDG financing needs are growing, but development financing is not keeping pace.
The 2023 ECOSOC Financing for Development Forum follow-up (FfD Forum) zeroed in on key actions needed to respond to the multiple interlinked crises and increase investment towards the SDGs, echoing the Secretary-General’s call for a SDG Stimulus to tackle the crippling debt, massively scale up affordable long-term financing for development and expand contingency financing to countries in need.
In preparation for the SDG Summit and the High-Level Dialogue on FfD in the fall, this session will build upon the FfD Forum takeaways to identify actions that need to be prioritized to shift away from a "business as usual" approach and to embrace bold, transformative change to ensure that recovery efforts are aligned with the overarching goal of leaving no one behind.
Proposed guiding questions:
- How to ensure the prioritization of investments in the most vulnerable communities, including women and girls, food insecure communities, people with disabilities, and marginalized groups?
- What can we do to enhance the capacities of developing countries to respond to humanitarian, food, economic, and climate crises? What role can the UN system play to support these efforts?
- How can we encourage that the allocation of concessional finance and crisis relief funds accounts for all dimensions of vulnerability and not merely national income?
Chair:
- H.E. Mr. Maurizio Massari,Vice President of ECOSOC (Italy)
Highlight:
Highlights of the report of the Secretary-General (special edition) on progress towards the SDGs – SDG 17 on partnerships for the Goals
- Ms. Yongyi Min, Statistics Division of UNDESA
Interactive panel discussion
Moderator:
- Ms. Sarah Cliffe, Executive Director, Center for International Cooperation, New York University
Panellists:
- Mr. Jay Collins, Vice Chairman, Corporate & Investment Bank, Citi
- Ms. Carola Mejia Silva, Climate Finance Analyst, Red Latinoamericana por Justicia Económica y Social – LATINDADD
Lead Discussants:
- Mr. Jason Rosario Braganza, African Forum and Network on Debt and Development, Kenya (MGoS)
- Ms. Mayada Adil, Co-Founder of La Loupe Creative, Young Leader for the SDGs
Interventions of Ministers and other participants (3 minutes each)