GFDD Elected to Vice Chair of United Nations NGO Executive Committee on Financing for Development

June 21, 2017

In recognition of GFDD’s efforts in the areas of Financing for Development (FfD), the Global Foundation for Democracy and Development was elected to the United Nations NGO Executive Committee on FfD by unanimous vote on June 7, 2017 for a two-year term.  The new role will provide an opportunity to network and dialogue at the UN with those working on FfD issues and collaborate with the global network of FfD organizations.

GFDD UN Programs
& Outreach Manager, Marc Jourdan, who has been appointed as Vice Chair of the Committee, said of his new role; “This new position is a great honor, being part of the Committee has helped convey the importance of FfD to a wider audience and helped to influence global policy and support sustainable development.”

The NGO Committee on Financing for Development at the United Nations, which is an active committee of the Conference of Non-Governmental
Organizations (CoNGO), advocates for a worldwide economy that is environmentally and socially sustainable, ethical, and people-centered. Guided by the 2002 Monterrey Consensus, it urges policymakers to support development strategies that end global poverty and advance human rights. The Committee seeks international financial systems that are fair and truly representative of all people.

GFDD has been an official member of the NGO Committee on Financing for Development
since 2010, and has undertaken many activities together at the United Nations, such as joint written and oral statements on the subject matter.  More recently, GFDD in partnership with the NGO Committee on Financing for Development, held a publication launch and panel discussion during the 2017 World Bank/IMF Spring Meetings Civil Society Policy Forum entitled
"Impact Investment as a Tool for Social Development".

The session highlighted the importance of the forum as an opportunity for civil society representatives to share ideas on innovative tools for financing for development and engaging with other stakeholders on these issues, including government representatives, World Bank & IMF staff. The study itself provided concrete case studies of impact investment as an innovative tool
for FfD, focusing on the benefits of impact investment within the renewable energy and sustainable agriculture industry in the Dominican Republic.

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