• 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)


Nkoa 3By Sebastien Nkoa, economist and banker:
The fourteenth UN conference on trade and development known as UNCTAD 14, which is taking place in Nairobi 17-22 July 2016, was preceded by a CSO (Civil Society Organization) Forum the week before the conference. During that CSO Forum, time was taken to reflect upon the real meaning and actual need of UNCTAD. According to the majority of representatives, priorities and means of implementation of UNCTAD should be reshuffled; otherwise there is a risk of losing the opportunity to tackle development as it should be done and by this to help achieve the Addis Ababa Action Agenda. Referring to the Declaration of Civil Society to UNCTAD 14 issued on 18 July 2016, let’s make a survey of some key points of CSO concerns.

The crucial role of UNCTAD was established 50 years ago when it was settled to be a platform for “thought and action on broad issues of trade and development explicitly formulated around the challenges and perspectives of the vulnerable and marginalized majority of nations within the international system, and the people in them.” This noble vision of the platform has gone a long way so far, and it is laudable to notice that that mission and vision carried the platform beyond advocacy work for only developing countries. All countries all over the world today benefit from the platform and the most recent intervention of the platform was its action to spot the last global financial crisis before it happened. Structural issues such as structural debt, inequalities, sovereign debt restructuring, illicit financial flows, mining irregularities and so forth have been at the center of debates since.

Unfortunately UNCTAD suffers from fundamental changes of focus that need to be addressed these days if the original goals of the platforms are to be reached. The first one of the key issues to be addressed is the responsibility to the many countries that need the services of UNCTAD regarding the evolution and management of globalization as well as interdependence of trade, finance, investment and technology as they affect the growth and development prospects of developing countries. Indeed most of the developing countries for the last couple of decades have strengthened economic structures inherited from colonial masters. Unfortunately they have few structures to transform their resources as well as their products. Here UNCTAD should continue its mediating role to help developing countries have a voice in international marketplace.

The second point we want to mention here is the major role UNCTAD should play on curbing tax evasion and avoidance and illicit financial flows, including in commodities markets and through investment policies. As was already introduced during FfD (Financing for Development) Forum in Addis Ababa, tax avoidance and other misbehaviors in international fiscal policies are a big blow to developing countries which own resources but lose, through tax evasion and avoidance, revenues they could make from the trade of those resources. Billions of US dollars could be recovered and used to finance development of third world through clean, just, and clear mechanisms and this should be done under the auspices of the United Nations. Once again as was discussed in Addis Ababa, alternative and development-oriented methodology on debt sustainability analysis and national vulture funds legislation should be supported by UNCTAD. In this line the UNCTAD Road Map and Guide to Sovereign Debt Workout should be made known and explained and assistance given for understanding by Member States. Developing countries are under the heavy burden of unjust debt which swallows huge amounts of their budgets, depriving important sectors like health, education, infrastructure, and gender equality from investments that can change lives of billions of people living under poverty.

For these elements to be implemented, research and policy analysis, including positive and negative impacts of trade rules on international and regional development strategies, and on the achievement of the Sustainable Development Goals, are needed independently of the World Trade Organization which does not share the development mission of UNCTAD. The Trade and Development Report is one of the outlets that UNCTAD should use for such analysis. In this regard the role of the private sector should be monitored by UNCTAD especially on mobilization of domestic resources, fiscal and debt sustainability, human rights, and climate change. The current economic model that allows multinationals to take advantage of weak rule of law in many countries in order to exploit cheap labour opportunities should be one of the major concerns of UNCTAD in order to regulate actions of those multinationals. It will be important not to leave aside transfer of technology since it is an essential element enabling sustainable development in developing countries. UNCTAD should support it as well as it supports capacity-building programs especially of small and medium-sized enterprises with the right information on policies and benefits at the grassroots level. All this combined with access to finance for marginalized categories can be another priority of this UNCTAD Conference in Nairobi.

These are a few of the issues which are worth being followed closely during the current UNCTAD Conference since our world is at the edge of major changes that are coming just after one of the most important financial and economic crises the world has gone through and at the trade and commercial conventions which will shape the future of our planet. CSOs have understood the importance of the fight, not for minority selfish interest but for the common good of our planet and its inhabitants.

UNCTAD 14 en


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