• 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 5: FROM MONTERREY TO ADDIS THE WORLD HAS DEEPLY CHANGED

Sebastien NkoaBy 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

 

The day everybody was waiting for has finally come; the official opening of the FfD3 took place at the UN-ECA here in Addis Ababa. Anybody could notice right from the high security level that something was happening. A good number of heads of state were present and many more heads of delegations. CSOs met at Elilly Hotel to finalize their last points before either going to the UN-ECA Building or following the opening session through another means of communication still in one of the nearby hotels.

Indeed, after the words of Ban Ki-moon the president of Ethiopia, who was elected president of the conference, addressed the participants mentioning hope in the achievements of the SDGs defined at Monterrey though he reaffirmed the need of a new partnership. We can all agree that the world has financially changed since Monterrey, though progress has been made, Addis FfD3 should be remembered as having achieved its main goals. FfD3 is expected to help countries to continue to finance their own development through new and innovative means that will be proposed to them. But this should not hide the fact that tax avoidance, illicit finance flows and other misconducts should be severely fought. Donors should respect their promises especially the agreement on 0, 7%. Particular thanks has been given to Denmark, Luxembourg, Sweden and UK who keep their commitment regarding the agreement on 0, 7%. South-South cooperation should be skilled up since LDCs represent 25% of the world population, 1% of the global trade with a GPP growth of 2. If Developed Countries respect their promise of increasing from 0, 1% to 0, 2% their ODA/GNI to LDCs changes in LDCs will be noticed. To LDCs Domestic Resource Mobilization should be improved, as well as sectors of energy, telecommunication, and technology if a different Africa is to emerge in a nearby future.

The President of Ethiopia continued by criticizing those who accuse FfD ambitions to be too proud, for him FfD is the right forum to think future of developing countries. We should not miss the history, we are the ones to change our future concluded the president of Ethiopia.n Ki-moon on his side reaffirmed his hope to see 2015 as the year of global action, a starting point of a new global partnership, a critical step forward towards the SDGs.  Though countries are responsible for their own development but should be helped and supported by the whole international community. Solutions to underdevelopment lie in new and innovative financial leverage. Addis Ababa agenda in that regard includes gender equality, protection of climate hope to reach an agreement among countries. All members and stakeholders WB IMF should implement the SDGs. For the UN Secretary General, Addis Ababa should secure the post 2015 agenda goals.

global-tax-bodyThe next speaker reminded the participants that it is an opportunity for us through FfD3 to change our world. Though progresses was made, we still need to improve many sectors since billions of people are still living in poverty. In order to tackle that problem, entrepreneurship should be promoted, terrorism should be fought. The proposed SDGs can be successful if resource mobilization is scaled up, investment in infrastructure, transport, telecommunication improved and the gap between developed countries and LDCs African in particular is reduced. Six sectors seem to be key points of change: 1) Domestic Resources Mobilization improvement as well as tax evasion IFF continuous fight; 2) International Public Finance support, especially in developing countries where it is the main resource mobilization; 3) Reduction of infrastructure gap by means of implementation of “from billion to trillion” concept; 4) Increase of private sector contribution wealth creation; 5) Sovereign debt and systemic issues problem resolved, as well as a complete reform of the international economic and financial system; 6) Effective forum of following up important issues.

After this the president of the World Bank Group (WB) on behalf of other continental Bank institutions reaffirmed the fact that billions of people are still living in poverty. Though SDGs look ambitious that is the way to go in order to achieve post 2015 goals. This can only happen if investments are promoted, climate issue tackled, and the building up of a system that takes into account each and every particular country with its particularities and private sector taken into account in development issue. He concluded by saying that SDGs are achievable and we must do it, we can do it, we shall do it together.

World Trade Organization (WTO) representative made known that trade brings funds thus can improve development. Still there are challenges to overcome such as infrastructural gap to reduce, systems to change. The WTO worldwide conference in Nairobi in December, the first in Africa about trade will give opportunity to address key issues.

The International Monetary Fund (IMF) representative called governments to contribute to development at their various levels. Needs to adapt to new challenges are urgent and this can happen if and only if all participants work together.

Before various heads of State and delegations took the floor on behalf of their countries, African Union (AU) revealed that millions of people have been lifted up from poverty yet a lot still has to be done. In that regard priority should be given to investment in people through resources mobilization. We need to work together in order to end poverty. Africa will be in a near future described with new criteria as a prosperous integral continent, concluded the honorable Lady.

Various heads of States took the floor then one after another to express their view of FfD3 and expectations that they have about it. Meanwhile various CSOs delegates were running here and there to attend number of side events and parallel events organized wglobal-tax-bodyithin the UN-ECA compound and in the nearby hotels. This was a great opportunity for participants to advocate for their organizations and discover also other organizations. Three more days ahead for the participants to sharpen their strategies as we are waiting for the final document to see if laborious work of many months will carry fruit.

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