seamusphoto

Dear members and colleagues,

2015 will be crucial for international development.

It’s the end of Millennium Development Goals and the deadline for the 0.7% aid target. The new year will usher in the new post-2015/Sustainable development goalss framework, which needs to be accompanied by a new agenda to finance sustainable development.

I asked CONCORD’s Financing for Development Taskforce to give a recap on our latest work on the subject. Please find an explainer from Jean Saldanha (CIDSE, chair of Taskforce) and Zuzana Sladkova (CONCORD AidWatch/FFD coordinator):

 

The preparatory process started last year when a group of experts –  the ‘Intergovernmental Committee of Experts on Sustainable Development Financing (ICESDF)’ to be precise- was mandated to draft a report on a sustainable development financing strategy and to achieve the goals.

Last year CONCORD created a Financing for Development Task Force (FfD TF) joined by CAN Europe – a leading environmental NGO network-  and Eurodad to follow and influence the whole process. In its latest position, the CONCORD Taskforce encourages the report to put forward the following 11 critical outcomes:

  1. More domestic resources for sustainable development through progressive taxation and effective international tax cooperation
  2. The unique and specific role of public domestic and international finance is reinforced
  3. New public financing sources for development are set up
  4. A permanent and lasting solution to sovereign debt crises is reached
  5. Trade and investment is oriented to contributing to states’ human rights obligations and international social, environmental and climate change commitments
  6. Alternative credible monetary systems are established
  7. The contribution of private sources of finance to sustainable development is enhanced through regulation
  8. Foreign direct investment and other financial inflows assessed on quality not quantity
  9. Development effectiveness principles for the use of public funds to support the private sector are followed
  10. Developing countries voice and decision-making in international policy and outcomes are made equal to those of developed countries
  11. Policy coherence is recognised as essential for effective mobilisation and optimal investment of sustainable development finance.

For Jean Saldanha:

We believe that these basic outcomes will be essential to ensure that finance in all its dimensions (international/domestic, public/private) and the financial systems itself contributes to putting all countries- and the international community- on track to fulfil their commitments to free humanity from poverty and hunger; and ensure the promotion of an economically, socially and environmentally sustainable future for our planet, and for present and future generations;

The Report of the Committee is a strategically important report as it will feed into the Third Conference on Financing for Development taking place in July 2015, Addis Ababa (Ethiopia).

Coordination ahead of such a big event is one of the pillars of success and therefore I call for all interested European CSOs to join the taskforce by writing to Zuzana.sladkova@concordeurope.org. The taskforce will have its strategizing meeting ahead of the conference on 18 November 2014 in Paris.

I look forward to a good collaboration with our members and partners around financing for development and hope I’ll have a chance to meet you all in November in Paris.

Seamus, Zuzana and Jean.