- Date: Friday, 2 February 2017
- Location: Conference Room 11, UNHQ, NY
Welcome to the United Nations
Taskforce Members are invited to an expert meeting organised by the Inter-agency Task Force on Financing for Development on “Financial and Corporate Incentives for Long-term Investment”.
•Date: Thursday, 30 November 2017, 8:30 a.m. – 9:45 a.m. •Location: Conference Room 12, UNHQ, New York Senior representatives from the International Monetary Fund, and the United Nations Economic Commission for Africa will be on hand to brief Member States on the findings of their most recent reports, respectively the Regional Economic Outlook for Sub-Saharan Africa, and the Economic Report on Africa. The briefing will be opened by Mr. Thomas Gass, Assistant Secretary-General for Policy Coordination and Inter-Agency Affairs, UN-DESA.
The IATF was tasked ‘to further examine the transformative and disruptive potential of new technologies on our labour markets and on the jobs of the future’ in the outcome of the 2017 FfD Forum.
The Inter-agency Task Force held two technical meetings on questions of measuring international public financing flows and development cooperation efforts, including to discuss the OECD proposal for a new measure of development finance, provisionally called Total Official Support for Sustainable Development (TOSSD). The meetings provided occasion to discuss critical perspectives on the proposal and to compare and contrast the scope and methodologies behind the proposed TOSSD measure against the monitoring of FfD commitments by the Task Force.
The Financing for Development agenda has emphasized the importance of long-term “stable private financial flows to developing countries” since the Monterrey Consensus (para 25.) Indeed, the need for long-term investment to achieve the SDGs is estimated to be in the trillions of dollars. At the same time, there has been a growing focus on the importance incorporating environmental, social and governance (ESG) factors in investing. The Addis Ababa Action Agenda brings these two strands together, emphasizing that sustainability and stability of the financial system are mutually reinforcing.
The Financing for Development outcomes all stress the importance of improving national tax systems and enhancing revenue. Both Monterrey Consensus and Doha Declaration address the question of return of stolen assets.
As part of the Addis Ababa Action Agenda, Member States committed to a new social compact. This compact contains two components: a commitment to deliver social protection systems and measures for all, including floors; and a package of essential public services. While there is some overlap of these two areas, social protection generally refers to cash transfers and social insurance, such as adequate pensions for older persons, and essential public services include the provision of basic social services, such as health care and education.