Upcoming Events: NGO Committee on FfD meeting:
Wednesday 6 December 2017 | 2:00 – 4:30 pm
Church Center (corner of 1st Ave and E 44th St) 777 UN Plaza New York, NY
All are welcome.

Past Events:

On Wednesday 11 October 2017, the NGO Committee on FfD, Social Justice in Global Development, the Virginia Gildersleeve International Foundation, and Brot für die Welt hosted a panel discussion entitled “Financing Universal Social Protection in Developing Countries” at the World Bank during the Civil Society Policy Forum ahead of the World Bank/IMF Annual Meetings in Washington DC.
Resources from this event: Flyer & Background Information

The 2017 ECOSOC Forum on Financing for Development follow-up (FfD Forum) took place from 22 to 25 May 2017 at the United Nations Headquarters in New York. During the FfD Forum, the NGO Committee, as a founding member of the Civil Society Financing for Development (FfD) Group (including the Women’s Working Group on FfD), held a number of side events including “International Cooperation in Tax Matters: Pathways for an Intergovernmental Tax Body” on Monday 22 May; “Pushing the boundaries of Official Development Assistance: challenges and opportunities” on Tuesday 23 May; “Public-private interfaces” and “Women’s Rights and Gender Equality in Development Finance” on Wednesday 24 May; and “Critical and emerging issues in FfD: Opportunities for a multiyear planning framework” on Thursday 25 May.

Impact Investment as a Tool for Social Development – April 18, 2017, during the World Bank Group / IMF 2017 Spring Meetings Civil Society Policy Forum –  Concept Note | Event Flyer | Press Release & Presentations

Financial Inclusion as a Tool for Women’s Empowerment & Poverty Eradication – March 13, 2017, during the 61st Session of the Commission on the Status of Women, Hosted by the NGO Committee on FfD and the NGO Committee for Social DevelopmentEvent Flyer

Impact Investment as a Tool for Social DevelopmentFebruary 9, 2017, during the 54th Session of the Commission for Social Development, Hosted by the NGO Committee on FfD and the NGO Committee for Social Development (Cancelled due to UN closure for inclement weather) – Event Flyer

Annual Meeting of the International Monetary Fund and World Bank Group, 7-9 October, 2016, Washington DC

First Economic and Social Council Forum on Financing for Development follow-up 18-22 April, 2016

General Assembly Resolution  9 December, 2015

Third International Conference on FfD
13-16 July 2015, 
Addis Ababa, Ethiopia
Theme: Reinvigorate and strengthen the financing for development process and address new and emerging issues

28-30 January: First FfD Prep drafting session
4-5 March: FfD Prep hearing with Civil Society and Business
13-17 April: Second FfD Prep drafting session
15-19 June: Third FfD Prep drafting session

UN meetings related to FfD – January – June 2015:

17-19 April: IMF/WB Spring Meetings, Washington DC
20-21 April: ECOSOC meeting with WB, IMF, WTO, & UNCTAD
22 April: ECOSOC International Cooperation in Tax Matters
8-10 June: ECOSOC Consideration of FfD and Tax Matters

UN meetings related to FfD – July – August 2014:
UN dates summer 2014.pdf

A.  High-level Political Forum on Sustainable Development (HLPF)*
2nd session (ECOSOC High-level)
30 June – 9 July

Theme: Achieving the Millennium Development Goals and charting the way for an ambitious post-2015 development agenda, including the sustainable development goals

Monday 30 June
3:00 – 6:00 pm           Means of Implementation for Sustainable Development

Wednesday 2 July
8:30 – 9:45 am           Implementing Rio+20 and reviewing progress: spurring action and ensuring accountability
Meeting of the President of ECOSOC with representatives of major groups and other stakeholders
10:00 am – 1:00 pm       Natural Capital Accounting for Sustainable Development (World Bank Group) followed by From silos to integrated policy making

Thursday 3 July
8:30 – 9:45 am           The Future of the HLPF – Agenda Setting
Meeting of the President of ECOSOC with representatives of major groups and other stakeholders (together with representatives of Governments, UN system)

Monday 7 July
10:00 am – 1:00 pm    Macroeconomic policies in support of post-2015 sustainable development agenda

Modalities for participation are still being decided. Registration open.

B.  Annual Ministerial Review (AMR)* (part of the ECOSOC High-level Segment)
8 – 9 July  

Theme: Addressing on-going and emerging challenges for meeting the Millennium Development Goals in 2015 and for sustaining development gains in the future

Tuesday 8 July
3:00 – 5:00 pm (Parallel meetings with HLPF)
Integrating employment-centric sustainable development into the post-2015 development agenda

Wednesday 9 July (Parallel with ECOSOC General Debate from 10:00 am – 1:00 pm)
National Voluntary Presentations:
10:00 am – 1:00 pm          Bolivia, Gambia, Sudan, State of Palestine
3:00 – 5:15 pm                   Kuwait, Qatar, United Kingdom
5:15 – 7:30 pm                   Georgia, Mexico, Thailand

C.  Development Cooperation Forum (DCF)* (part of the ECOSOC High-level Segment)
10 – 11 July       

Theme: Bringing the future of development cooperation to post-2015

Thursday 10 July
11:30 am – 1:00 pm          Advancing a unified and universal development agenda
3:00 – 4:30 pm                  The critical role of ODA in development cooperation post-2015
4:30 – 6:00 pm                  Learning from South-South development cooperation in looking to the future

Friday 11 July
9:00 – 11:30 am                How a renewed global partnership for development could work in practice
11:30 am – 1:00 pm         Ensuring the quality and effectiveness of development cooperation
3:00 – 4:30 pm                  Key steps towards a global post-2015 monitoring and accountability framework for development cooperation
4:30 pm – 5:30 pm           Towards a new narrative for development cooperation post-2015

*Integrated agenda for HLPF, AMR and DCF (parts of the ECOSOC High-level Segment):

D.  Open Working Group (OWG)   13th and final session
14 – 18 July

Monday 30 June        Revised Zero Draft from the Co-chairs
9 – 11 July                      Informals on the revised Zero Draft
14 – 18 July                 Final formal plenary of the OWG (Agenda TBD)

E.  Intergovernmental Committee of Experts on SD Financing (ICESDF)   5th and final session
4 – 8 August

Assessing financing needs for sustainable development; Improving the effectiveness of public, private and blended finance; Resource mobilization; Institutional arrangements

4 – 7 August                Review of the final draft of the report and final modifications
8 August                      Validation and adoption of the final draft of the report
Detailed Agenda TBD

F.   65th Annual DPI NGO Conference — 2015 and Beyond: Our Action Agenda
27 – 29 August         

Theme: The role of civil society in the post-2015 development agenda

Concept note available on website in the six UN languages
Registration open; closes Aug 13
Agenda TBD


High-Level Dialogue on Financing for Development
UN General Assembly, 7-8 December 2011

NGO Committee on Financing for Development
Civil Society Declaration

 How to reduce the global financial and economic uncertainties?

Most formulation and implementation of global economic policies take place in autonomous groups and agencies, particularly the BWIs, independently of the UN. This is not how the global system was visualized more than half a century ago. And yet, the practice has increasingly marginalized the UN.  As decisions are made elsewhere, ECOSOC deliberations and UN stocktaking meetings rarely attract the same degree of participation by senior officials from finance, trade and economic ministries as corresponding deliberations by the BWIs and WTO. Despite commitments repeatedly reiterated by the international community to enhance the UN’s coordination role in global economic governance, many influential Member States demonstrate greater confidence in coordination through other institutions and groupings, such as the Group of 20, where they may have greater influence.

However, public confidence in the effectiveness of the Group of 20 is much reduced at a time of renewed global financial and economic uncertainties. Expectations of strong financial regulatory reforms raised in the Group of 20 have been watered down by a financial industry protecting its narrow interests even though greater global financial stability is in its own long-run interest. The unseemly income and wealth disparities between the rich and poor of the world, coupled with very weak prospects for employment in many countries around the world has spawned “Occupy Wall Street” in New York and around the United States as well as in Europe. The average man or woman in the street has lost faith in the ruling political institutions, especially at international level. This is not sustainable. Restoring that faith requires making true multilateralism work again.

Meanwhile, commitments made at UN conferences and summits have no effective accountability mechanisms. Also the decisions of ECOSOC and its functional commissions have no binding power.  The 2008 Doha Declaration on Financing for Development, however, had underscored the need for UN involvement to improve the functioning of the international economic and financial system. The United Nations can be reformed so that it serves as a primary forum to forge coherence at the political level in international economic, financial, trade and development policy. At times, the UN has brought together senior representatives from key financial, trade and development institutions and forums, as well as business and civil society communities. This spirit of effective cooperation can and should be recreated to build a more effective multilateralism. There is an urgent need to strengthen the role and effectiveness of the UN system in economic governance and to define what the relationship should be between the UN and the G20.

We therefore recommend that the UN General Assembly:

  • start an open, inclusive and transparent dialogue on a strengthened international economic and financial system and architecture;
  • agree, to this end, to hold a review conference on financing for development in 2013 that includes consideration of current global economic and financial challenges as well as the impact of the world financial crises on the financing of development;
  • strengthen engagement of the UN with civil society and other non-state actors through resumption of multistakeholder forums and other informal FfD initiatives.
  • strengthen the Economic and Social Council, especially the annual special high-level ECOSOC meeting with the BWIs, WTO and UNCTAD to foster more focused dialogue, outcome oriented discussion and decision making;
  • establish an ad hoc panel of experts on the world economic and financial crisis and its impact on Development  (see attached resolution adopted at ECOSOC in 2011);
  • strengthen capacity for greater cooperation and sharing of information between all countries to prevent and overcome tax avoidance and tax evasion, including by replacing the International Committee of Tax Experts with a UN intergovernmental body;
  • encourage the regional economic commissions to continue producing technical advice and analysis, including recommendations on global financial, economic and systemic issues;
  • ensure that the international financial institutions have a clear development orientation;
  • establish a representative, multi-stakeholder “Financing for Development Committee” to effectively monitor the implementation of the commitments made in the Monterrey Consensus and the Doha Declaration and link it to the broader global economic governance mechanism;
  • in time, create a small “Global Economic Council” within the UN to support consensus-building among governments to enhance global economic governance. Representation should be based on a constituency system and designed to ensure that all regions and major economies are represented, with relevant global institutions participating in its work. The five UN Regional Commissions should become important intergovernmental forums for policy dialogue and cooperation;
  • create a comprehensive framework for sovereign debt restructuring. This need has become more acute with the sovereign debt crises in European countries. Also the growing importance of private and official non-Paris Club creditors requires new debt restructuring mechanisms to ensure adequate overall relief and comparable treatment of all creditors;
  • introduce innovative sources of financing, including a financial transactions tax, carbon tax and other progressive taxation. This revenue must be used for development, the promotion of global public goods, poverty eradication and achieving the internationally agreed development goals, including the Millennium Development Goals.  These are additional to committed levels of ODA.

Decisions made on the basis of such mechanisms will have greater legitimacy, credibility and authority and would enhance coordination, cooperation and more effective policy-making at the global level.

The global economic and financial situation is highly uncertain and dangerous.  Therefore, it is no longer sufficient to complain about the lack of “political will” to act multilaterally. It is time to start again to build that will.

December, 2011