The United Nations Non-Governmental Liaison Service (UN-NGLS) is an inter-agency programme of the United Nations mandated to promote and develop constructive relations between the United Nations and civil society organizations.

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9 August 2014

Update on the work of the Intergovernmental Committee of Experts on Sustainable Development Financing (ICESDF)

The ICESDF held its fifth and final plenary session from 4-8 August 2014. The final interactive dialogue between the ICESDF and non-state actors took place on 5 August from 10:00-1:00pm in Conference Room 1 of the Conference Building at UN Headquarters in New York.

This interactive dialogue was broadcast live on UN Web TV and can be viewed here.

The Intergovernmental Committee of Experts on Sustainable Development Financing (ICESDF) held its fifth and final plenary session from 4-8 August 2014. The Committee has finalizing its report to the UN General Assembly on “options on an effective sustainable development financing strategy to facilitate the mobilization of resources and their effective use in achieving sustainable development objectives,” as mandated by the Rio+20 Summit.

On 18 July, the Co-Chairs of the ICESDF provided a public briefing on progress of their work to date, organized by UN-NGLS. This event included discussion with civil society representatives in attendance, and addressed questions sent in advance for the Co-Chairs online through a process conducted by UN-NGLS.

The web cast of this briefing can be viewed here.

A structured summary of the briefing prepared by UN-NGLS can be found here.

This summary provided the basis for the final interactive dialogue between the ICESDF and non-state actors, which took place on 5 August from 10:00-1:00pm in Conference Room 1 of the Conference Building at UN Headquarters. Questions for the ICESDF in response to the information in this summary were submitted via this online form until 3 August. The questions submitted can be viewed here.

In the 18 July briefing, the Co-Chairs outlined nine strategic approaches that underpin their proposed financing framework, including the need to mainstream sustainable development financing in national budgets, where national efforts need to be complemented by international support measures and an enabling international environment. The Co-Chairs also referred to the need to adopt a strong multi-stakeholder and people-centred approach to achieve tangible results on the ground.

The Co-Chairs also presented a wide-ranging package of policy measures and approaches that countries can draw on to shape their own sustainable development financing strategies based on domestic priorities and needs. These included all forms of financial sources: domestic and international, public and private.

They placed particular emphasis on building the capacity of developing countries to establish effective and equitable tax systems to finance their own sustainable development strategies, which can require external support, as well as strengthened international cooperation on tax matters to combat illicit financial flows and promote greater transparency.

The Co-Chairs expressed a cautionary note regarding the need to carefully design public-private partnerships in light of examples where these resulted in high returns to the private sector, while shifting risks to governments.

They also underlined that the ICESDF had discussions on the need to promote open and fair trading systems, a stable international financial system, international investment regimes that are more conducive to sustainable development, and the establishment of a sovereign debt crisis prevention/resolution mechanism.

For more information about the 18 July meeting, please see the UN-NGLS summary of the briefing referenced above.

The final ICESDF report is expected to be released by early September 2014.

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