• Mission Statement

    The NGO Committee on Financing for Development at the United Nations advocates for a worldwide economy that is environmentally and socially sustainable, ethical, and people-centered.

    Guided by the 2002 Monterrey Consensus, we urge policymakers to support development strategies that end global poverty and advance human rights. We seek international financial systems that are fair and truly representative of all people. We are motivated by the moral imperatives underlying the United Nations Charter and the missions of the organizations we represent.

  • Membership Benefits

    Network and dialogue at the UN with those working on for Financing for Development (FfD) issues and collaborate with global network of FfD organizations.

    Participate in monthly meetings featuring regular briefings from the UN FfD Office and distinguished guest speakers from the UN Community.

    Voice concerns on FfD issues to the UN through written and oral statements prepared within the Committee.

    Receive notices of meetings and conferences on FfD issues sponsored by the UN or NGO Committee, including high-level meetings with Bretton Woods institutions (World Bank, International Monetary Fund, World Trade Organization).

    (Go to www.ngosonffd.org for FfD resources and committee membership form)

FFD3 AT ADDIS ABABA, DAY 4: CSOS HAVE A KEY ROLE TO PLAY IN OUR WORLD FINANCIAL SYSTEM

Sebastien Nkoa

By Sébastien Nkoa Ayissi, OP, Cameroonian economist, banker, and student of Theology at the Catholic University of East Africa in Nairobi, Kenya, and SNDatUN delegate to the Third International Conference on Financing for Development

 

Sunday was marked by two major events. The first one was the talk of UN Secretary General to CSOs and Joseph Stiglitz conference on tax system.

Before all these big events happened, various working track groups finished where they left the previous day. The working track on international public finance came up with the conclusion that ODA were both solution to the problem and part of the problem. Solution of the problem in that it really helped some receivers to tackle many issues especially in sectors that were really affected by the financial and economic instability such as health education agriculture. Yet it was also part of the problem since some other receivers used it in the wrong sectors such as empowering private sector which was actually fundamentally wrong. ODA should not be used in private sector.  This led the international public finance working track to the other point of conclusion that public finance does not meet the need of those leaving in poverty since profits made out of ODA is privatized and South-South cooperation is not promoted at all though it should be. Principle of common but differentiated responsibility should be carefully looked at. In one word they concluded the problem of international public finance is the problem of EFECTIVENESS.

Secretary-General Ban Ki-moon attends Closing of Civil Society Organization Forum.

Ban Ki-moon

This done, delegates attended the last round of round tables where various groups gave a brief overview of their works and strategized ahead of the official event starting the following day. Lunch time helped delegates to gain strength and wait for UN Secretary General Ban Ki-moon. Indeed at 03:30 pm CSOs gathered in plenary in the main hall of Desalegn hotel had great honor to receive the UN Secretary General who gave a key address of a high importance. Having thanked organizers he said that CSOs have a key role to play in our world economic and financial system. The concern we all have is to move out of the present situation continued Ban Ki-moon and the hope of UN is that CSOs help in that change as they actually strive to do. Ban Ki-moon continued by saying that great things are expected from this FfD 3 conference. Domestic resource mobilization should be improved in order to meet the need of countries, especially needy ones. Quantity and quality of private investment should be priorities. Long run goals should be promoted as well as short run goals. All this is a sign that global financial system has become very complex. But this should not discourage us said Ban Ki-moon. SDG should aim at ending poverty by 2020.  CSOs should make sure that this world is a good place to leave for all said Ban Ki-moon, and this has become a real issue since we all notice that nature is deteriorating due to human action, we should change our attitude. Ban Ki-moon said that CSOs are one of the three pillars on which stand the UN: GOVERNMENTS, PRIVATE SECTOR and CSOs. We should all make sure that Addis Ababa conclusions offer solid bases for a better future. “Let us write the history here [in Addis Ababa], you [CSOs] are the voice of the people, go and tell your leaders that this world is the place where we all aspire to leave, so let us make it a better place.”

From Ban Ki-moon to Joseph Stiglitz, Jose Antonio Ocampo, Jane McCormick, Pascal Saint-Amans, Winnie Byanayima someone had to rush from Desalegn to the Sheraton Hotel. Indeed there, ICRICT (Independent Commission for the Reform of International Corporation Taxation) and FRIEDRICH EBERT STIFTUNG organized a talk on “expending the debate on tax-reform.” What came up of this is that the whole system is sick; the house is set on fire. Joseph Stiglitz said that Developed Countries promote a taxation system that failed. We tremendously need a reform of the system and developing countries should be included in the process of reforming. Though the world is much more complex than we think, the tax problem should be addressed and fixed. How and what for, asked the panelists? An international independent tax body should be put in place the same way we do have a football body system, UN body system. This is urgently needed since for instance 100 billion us $ are lost by developing countries every year due to generous tax evasion. Extractive industry, telecom and alike cause major damages to developing countries by not paying taxes though the first responsibility of businesses is to pay taxes. Payment of taxes should help building capacities. The issue of tax is a moral issue hence we can’t put it aside. Since taxes are predictable we can hold our governments accountable of what they do with taxes.  Taxes are a bridge between those in the society who have enough and those who struggle daily, that is why those who have enough have the moral obligation to share with their brothers and sisters who are in need. This moral obligation is a necessity since those who work for the wealthy are the needy and their working conditions are scandalous. Examples were given of extractive industries which exploit their worker in developing countries; they underpay them, no social security, and no profit for native people of the localities of extraction. Aid will never be a panacea against poverty, tax issue should be solved if we want a better world.

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