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Inter-agency Task Force on Financing for Development: Briefing on the African Economic Context

•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 Impact of New Technologies on Labour Markets

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.

Measuring International Public Finance

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.

Aligning Capital Markets with Sustainable Development

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.