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Articles, Economic justice, Equitable Global Governance & UN reform

Broad consensus, paltry results. The UN Forum on Financing for Development 2021

By Bodo Ellmers
The UN Forum on FfD 2021 was the first FfD forum held as planned since the outbreak of the COVID-19 crisis. Accordingly, the expectations were high. Development finance is currently facing a triple challenge: to mitigate the humanitarian crisis, funds for an acute crisis response are needed – for example, to finance universal access to vaccines through the COVAX-facility, or for social protection measures. To mitigate the further divergence between countries, resources must be made available for economic stimulus programmes in the Global South that match those of the Global North. To prevent the failure of the Agenda 2030, the SDG financing gap that already existed before the COVID-19 crisis and has widened as a result of the crisis must be filled. The UN FfD Forum 2021 was a pivotal moment on the international policy calendar to take the necessary steps. Read more

Articles, Economic justice, Sustainable development, social justice and sustainable peace

Financing for Sustainable Development Report 2021: The yawning gap between development finance needs and political ambition

By Bodo Ellmers
In the lead-up to the UN’s Financing for Development Forum that takes place virtually from April 12-15, the 2021 edition of the Financing for Sustainable Development Report has been released. The report is published by the so-called Inter-Agency Task Force (IATF), which comprises numerous UN entities, but also the International Monetary Fund, the World Bank and the World Trade Organization. It is widely considered the most comprehensive source of data and analysis on development finance topics.Read more

Articles, Economic justice

Campaign Activation Workshop: Making the 2030 Agenda accountable: What is the role for civil society?

The promise of the SDGs makes governments accountable but who is to be made responsible for global issues like the climate, the pandemic or finances? Join us to discuss this issue in a workshop hosted by Global Policy Forum, Global Policy Watch and Social Watch as part of the 2021 SDG Global Festival of Action. The workshop will be hold on March 25, 2021 from 04:30 to 05:30 PM (CET). Read more

Articles, Economic justice, People-centered Multilateralism

Financing Sustainable Development in the Era of Covid-19 and Beyond

By Bodo Ellmers
In the early days of the COVID-19 pandemic, the United Nations (UN) estimated that developing countries needed an extra US$ 2.5 trillion in external finance to cope with the consequences of the crisis. This vast sum is needed because additional spending needs – for example on health services and social protection – coincide with a simultaneous collapse of all traditional sources of development finance: tax revenue, export earnings, migrant remittances, foreign direct investment and, to a lesser extent, also official development assistance (ODA). Read more

Economic justice

From 2020 HLPF to the first annual “SDG Moment”

By Elena Marmo
The first annual SDG Moment is set to take place on 18 September 2020, designed to reinvigorate efforts to achieve the Sustainable Development Goals. Marking the last decade in which to achieve these goals, the moment will: “Set out a vision for a Decade of Action and recovering better from COVID-19; Provide a snapshot on SDG progress; Highlight plans and actions to tackle major implementation gaps; and Demonstrate the power and impact of action and innovation by SDG stakeholders.” Read more

Articles, Economic justice

Financing for Development in the Era of COVID-19 and Beyond

by Bodo Ellmers
A snapshot of the ongoing work at the United Nations in times of crisis. This publication looks at the financing for development (FfD) work at the United Nations in 2020, an exceptional year due to outbreak of the global coronavirus crisis in the spring. Following this shock, FfD became a highly relevant issue on the UN agenda. The FfD process as originally scheduled was redesigned, with the FfD Forum originally scheduled for April cut down from four days of face-to-face meetings to a virtual session that lasted for just one hour. An official outcome document was adopted anyway, however free of concrete commitments that would match the needs of coping with the crisis. Read more

Articles, Economic justice

PRESS RELEASE – Vague promises won’t solve global crises

On 16 July, this year’s virtual UN High-level Political Forum (HLPF) on sustainable development came to an end. The HLPF is the premier UN body to monitor the annual progress on the implementation of the 2030 Agenda and the Sustainable Development Goals (SDGs) worldwide. The COVID-19 crisis has exacerbated inequalities and further endangered development gains already at risk prior to the global pandemic. Millions of people globally are already suffering from hunger and poverty and now lives and livelihoods are threatened as a result of the vast socio-economic effects of COVID-19. Read more

Economic justice

2020 HLPF, one decade to go: tinkering or transformation?

By Barbara Adams, Karen Judd and Elena Marmo
Preparations are underway for the 2020 High-level Political Forum (HLPF) and review of the Sustainable Development Goals (SDGs). Member States are engaged in negotiations to adopt by consensus a Political Declaration and 47 have undertaken Voluntary National Reviews (VNRs) for presentation at the HLPF. The UN system has issued a number of reports containing analyses and assessments of progress towards the SDGs. In addition to contributing to these processes and reports, major groups have issued a range of analyses and demands. Read more

Briefings, Economic justice

COVID-19 and the SDGs

By Jens Martens, Bodo Ellmers and Vera Pokorny
The COVID-19 pandemic and the policies with which governments have responded to it have had a serious impact on the global sustainability agenda. While the full extent of the pandemic and its impacts cannot yet be assessed, there is an evident risk that the pandemic will jeopardize the achievement of the internationally agreed Sustainable Development Goals (SDGs) in their entirety.
Preliminary forecasts by the United Nations, the World Bank and other international organizations warn that the already fragile progress made in reducing poverty and malnutrition over the past decades will be reversed. Read more

Economic justice, Round Up

UN Monitor: COVID-19 tests the UN’s response to development challenges

By Elena Marmo
Across the UN System, all hands are on deck to address the impact of COVID-19 from immediate humanitarian and health needs, to medium and longer-term socio-economic policy. Various initiatives are circling one another, raising issues of governance, reporting and accountability. Member States in the ECOSOC Operational Activities Segment explored some of these questions as they related to the UN Development System (UNDS), while in the 28 May and 2 June meetings on Financing for Development they also explored policy ideas, with an emphasis on accounting for vulnerability in macroeconomic analysis. Read more

Articles, Economic justice

UN75 Political Declaration: Perspectives on the lynchpin role of UN financing

By Barbara Adams
The year 2020 marks the 75th Anniversary of the United Nations as well as the beginning of the final 10 years to achieve the Sustainable Development Goals (SDGs) as part of the wider 2030 Agenda. The Secretary-General, UN leadership and various Member States have been highlighting the importance of the 75th Anniversary as the opportunity to address challenges to global governance and reinvigorate the UN System with what is needed to deliver meaningful change to people’s lives worldwide. Read more

Economic justice, People-centered Multilateralism, Round Up

UN Monitor: COVID-19 Round Up on Development Activities and Financing – 25/05/2020

Across the UN development system, Member States, the UN Secretariat and UN leadership are exploring the profound socio-economic impacts of COVID-19 and what macroeconomic policy changes are needed to “build back better”. From UN-led programme activity responses to COVID-19 to needed policy responses both by the Financing for Development process and Member State-led initiatives, there are several opportunities to monitor these developments in the coming weeks. Read more

Economic justice, Round Up

UN Monitor: COVID-19 Round-Up 05/05/2020

The 2020 High Level Political Forum (HLPF) is scheduled to review the implementation of the 2030 Agenda for Sustainable Development and progress towards the SDGs on 7- 16 July 2020. The United Nations Department of Economic and Social Affairs (DESA) has released a provisional programme and concept note for the 2020 HLPF. DESA has also announced new modalities for virtual side events and exhibitions. Read more

Articles, Economic justice

Weathering the storm?

By Bodo Ellmers, Global Policy Forum
Over 80 countries have applied for IMF emergency loans to avoid bankruptcy. The recently agreed debt relief is not enough.
Developing countries have been hit hard by the economic fallout of the coronavirus crisis. Commodity prices have collapsed, and with them their export revenues. Since mass unemployment has spread in the global north, remittances from migrant workers have also been falling. Read more

Economic justice

Tackling Illicit Financial Flows (IFFs) at the United Nations: what will the FACTI Panel deliver?

By Elena Marmo
On 28 January 2020 the President of the General Assembly (PGA), Tijjani Muhammad-Bande, and the President of ECOSOC, Mona Juul announced a new initiative: “a high-level panel on international financial accountability, transparency and integrity (FACTI)”. This joint endeavour is framed as a means to target and recover assets for investment in the Sustainable Development Goals. Read more

Articles, Economic justice

ODA: Can the players also be scorekeepers?

By Roberto Bissio
The numbers provided by the Organization for Economic Cooperation and Development (OECD) about the assistance contributed by its members to developing countries are “inflated”, include “fictional figures”, suffer from “fundamental flaws of overcounting, incoherence and premature implementation of an unfinished system” and have therefore “become incoherent as a statistical quantity”, argues Simon Scott, former head of the statistical division of the OECD’s Development Assistance Committee (DAC) in an article recently published by the Brookings Institution. Read more

Articles, Economic justice

UN General Assembly’s Committee on Economic and Financial Affairs: Tensions and interests on macroeconomics hide behind “consensus”

By Elena Marmo
The Second Committee of the UN General Assembly, in charge of Economic and Financial Affairs, concluded its 2019 deliberations last November 27. Fifty resolutions were passed and discussion was closed on all but one agenda item: the Revitalization of the UN General Assembly. The range of the resolutions, dealing with sustainable development, macroeconomics, operational activities for development and countries in special situations show that the UN is relevant in macroeconomic and financing matters. More attention will be demanded in the coming year to the issue of Revitalization of the work of the General Assembly through the lens of coordination for sustainable development, while the old debate about the role of consensus in the Committee’s deliberations was reopened. Read more

Articles, Economic justice

Major action must be taken to access ‘hidden’ finance to fulfil SDGs

Civil society groups call for urgent reforms to combat illicit financial flows, abolish tax havens, introduce a global wealth tax and an intergovernmental body on tax cooperation.
The High-level Dialogue on Financing for Development which follows the SDG Summit, must urgently find ways to access the funds governments need to achieve the SDGs, say members of the Reflection Group. Read more

Articles, Economic justice

UN General Assembly Week of Summits: Q&A

From Barbara Adams, Roberto Bissio, Karen Judd and Elena Marmo
Over a hundred Heads of State or Government are expected to arrive to New York in the last week of September for a series of back-to-back summit meetings at the opening of the General Assembly of the United Nations. On top of the usual photo opportunities and a myriad of bilateral meetings between leaders, this High-level week provides an opportunity for multilateral action to shift away from ‘business as usual’ and address some enormous current challenges. Read more.

Briefings, Economic justice

The HLPF review has to match the ambition of the 2030 Agenda

The 2030 Agenda and the SDGs have also captured the attention of many parts of the UN system, which are slowly restructuring their work plans towards their achievement. This fact can be seen in negotiations on UN development system reform and country-level reporting; on the push for a Data Revolution as well as Information and Technology. The VNRs are being analysed by civil society groups as well as the UN Committee on Development Policy to see the extent to which they are focused on leaving no one behind, and tackling the furthest behind first, as well as the extent to which they address trade-offs between the goals and especially spillover effects from global policies that impede their achievement. Read more

Articles, Economic justice

Political Declaration for the HLPF and the SDG Summit – from Zero to Second Draft

By Elena Marmo

The Political Declaration for the High Level Political Forum will be adopted by Heads of State and Government (HOSG) at the General Assembly’s Sustainable Development Goals (SDG) Summit in September 2019. With the aim of reaching consensus, Member States have started negotiations and are now deliberating a second draft of the Political Declaration. The Declaration is currently titled, “Gearing up for a Decade of Action and Delivery for Sustainable Development: Political Declaration of the SDG Summit” and is divided into three sections: “I. Our Commitment, II. Our World Today, III. Our Call to Accelerated Action.” Read more…

Articles, Economic justice

State of emergency: UN convenes Financing Forum while a new wave of debt crises threatens to derail sustainable development

By Bodo Ellmers and Tove Ryding

This week, governments will meet at the United Nations in New York for the Financing for Development Forum, and the challenge is very clear. Too little progress has been made towards achieving the UN’s sustainable development goals (SDGs), which to a large extent is the consequence of lacking finance. The 2015 Addis Ababa Action Agenda, a UN framework adopted at the same time as the SDGs, which is supposed to ensure money flows toward development and the achievement of the SDGs, is not fulfilling its objective. Read more…

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