United Nations Panel to Address Innovative Financing for the Post 2015 Agenda During HLD on Financing for Development, October 7 and 8

October 1, 2013

GFDD/FUNGLODE and partner institution UBUNTU – World Forum on Civil Society Networks, the Dominican Republic Mission to the United Nations, together with the Committee on Financing for Development will host a side event entitled “Innovative Financing for the Post-2015 Agenda: The implications of a Financial Transaction Tax”, to be held within the framework of the Sixth High-Level Dialogue on Financing for Development taking place October 7 – 8, 2013, at
the UN Headquarters in New York.

The two-day event, with the overall theme of “The Monterrey Consensus, Doha Declaration on Financing for Development and related outcomes of major United Nations conferences and summits: Status of Implementation and Tasks Ahead”, will
include: a series of plenary meetings chaired by the President of the General Assembly, at which ministers and high-level officials will be able to make formal statements;  three interactive multi-stakeholder round tables; and an informal interactive dialogue with the participation of all relevant stakeholders.

Summary of Panel Discussion
The Panel side event, to be held on October 7 at 1:15pm in the United Nations
North Lawn Building, will address how in an era of economic uncertainty and austerity, resources devoted to development cooperation are increasingly scarce, and innovative financing mechanisms are taking a particularly important role in addressing global challenges and promoting human and sustainable development.

The importance of identifying innovative sources of financing for development is not new. It was recognized in the Monterrey Consensus of 2002 and reaffirmed by
the Doha Declaration on Financing for Development in 2008. The outcome document of the Rio +20 Conference, “The Future We Want”, also stressed the value of innovative financing for sustainable development (IFfD).

Today, with the on-going debate on the future of development policies and the Post-2015 agenda, IFfD takes on an even more urgent role, especially in light of the Millennium Development Goals (MDG’s) and the resulting experience gained.  IFfD aims
to mobilize additional resources, substantive and predictable, which should complement, not replace, traditional funding sources such as an Official Development Assistance (ODA) program, and includes the proposal of a Financial Transaction Tax designed to boost both revenues and sustainability.

Speakers include representatives from;
UBUNTU, CEPAL, GFDD and the DR Mission.

About GFDD/FUNGLODE and the United

GFDD and FUNGLODE, both non-governmental organizations with consultative status to ECOSOC and Association with DPI, are dedicated to promoting and advancing issues at the forefront of the United Nations’ agenda and regularly participate in UN agencies’ discussions and meetings through their participation and contribution of academic reports and position papers.

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