On May 8, 2015 the European-American Chamber of Commerce and UN DESA today hosted a joint 1/2 day Multi-Stakeholder Leadership Workshop in support of the United Nations “Financing for Development Process”.
The purpose of this workshop was to discuss and propose ideas by the private sector to make available sufficient financing for development projects in the developed and developing world.
Key elements of discussion were:
- The effectiveness of the international financial system in advancing sustainable development
- Capital Market Analysis
- Financing Dialogue: private & public sources and their effectiveness
- Project Financing: Regulatory Environment, Long-term/Short Term, Risk Management/Risk Sharing
PARTICIPANTS FROM BUSINESS SECTOR & INTERNATIONAL FINANCIAL INSTITUTIONS:
- Rolf Alter, Director Public Governance and Territorial Development Directorate, OECD
- Thomas C. Barrett, Director and Chief Representative, European Investment Bank
- Andy Beck, Chief Financial Officer of AGCO
- Axel Bertuch-Samuels, Special Representative of the International Monetary Fund (IMF) to the United Nations
- John Cavalier, Chairman of the Board, Hudson Clean Energy Partners; Sr. Advisor Energy Group, Credit Suisse
- Felipe Maria Guinea Benjumea, Structured Finance Director, Abengoa Water
- Mahmoud Mohieldin, Corporate Secretary and President’s Special Envoy, The World Bank
- Mike Parker, Infrastructure Advisory Leader, Ernst & Young
- Alfred Puchala, CEO, Capitol Peak Asset Management
- Marc Powell, Lead Partner, Infrastructure Strategy and Finance, PwC
- William Rhodes, Former Sr. Vice Chair, Citi; CEO, William Rhodes Global Advisors
- Aniket Shah, Program Leader Financing for Sustainable Development Initiative, Sustainable Development Solutions Network (SDSN)
- Willem Sutherland, Managing Director, Head of Infrastructure Finance and Advisory for the Americas, ING
- Hugh Welsh, President NA, Royal DSM
- James Rosener, President EACCNY, Managing Partner, Pepper Hamilton, LLP
- Yvonne Bendinger-Rothschild, Executive Director, EACCNY & Member of the Business Sector Steering Committee on FfD
UN REPRESENTATIVES PARTICIPATING IN THE DISCUSSION INCLUDED:
- John Busuttil, First Counsellor, Economic, Trade & Sustainable Development section, EU Delegation to the United States
- Kyla Brooke, Economic Advisor, Permanent Mission of the United States of America to the UN
- Erling Motzfeldt Kravik, Advisor, Permanent Mission of Norway to the UN (on behalf of Co-Facilitator of the FFD Prep Process)
- Krishnan Sharma, Senior Economist Financing for Development, UN DESA
- Shari Spiegel, Chief Policy Analysis & Development Branch Financing for Development Office, UN DESA
- H.E. George Talbot, Ambassador, Permanent Mission of the Republic of Guyana to the UN (Co-Facilitator of the FFD Prep Process)
The key findings compiled by the participants of this workshop will be considered for input into the so-called ‘outcome document’ which will be presented at the UN’s International Conference on Financing for Development in Addis Ababa. This international business forum will be held July 13-16, 2015 and is a conference at the summit level attended by heads of state, senior business leaders, senior government officials, such as Ministers of Finance/Trade/Development Cooperation, and representatives from the major multilateral development banks.
FURTHER DEVELOPMENTS ON THE FFD PROCESS:
• The Addis Ababa Action Agenda has been agreed on.
Further details, including the outcome document itself, can be found on the website of the conference: http://www.un.org/esa/ffd/ffd3/
The Addis Ababa Action Agenda can be downloaded here.
• Financing for Development Business Compendium published.
There are currently 36 initiatives & Actionable Proposals to Mobilize the Private Sector for Achieving the Sustainable Development Goals in support of the Third International Conference on Financing for Development.
These initiatives provide a strong indication of the broad scope of ongoing initiatives and the potential for scaling up to achieve the demands of the Sustainable Development Goals (SDGs). They have been submitted by organizations that have been involved in Financing for Development (FfD) or are connected to FfD Business Steering Committee members. The initiatives are aimed at mobilizing private sector capital, expertise, and facilitation.
The Financing for Development Business Compendium outlining these initiatives and opportunities to get involved are now posted on the UN FfD website and can be downloaded here.
• European Commission welcomes new 2030 United Nations Agenda for Sustainable Development
The 2030 Agenda, a universal framework for all countries to help eradicate poverty and achieve sustainable development by 2030, includes an ambitious set of 17 Sustainable Development Goals and will be adopted today at a special UN Summit.
• Implementing the Addis Ababa Action Agenda: The 2016 Inaugural ECOSOC Forum on Financing for Development Follow-up
Building on the Summary by the President of ECOSOC of the Forum on Financing for Development Follow-up (New York, 18-20 April 2016), this publication provides a more detailed coverage of the substantive contributions from a diverse group of participants, including the keynote presentations; the general debate; the interactive dialogue with major institutional stakeholders; and a series of round tables and panel discussions on the themes spanning the entire scope of the Addis Agenda. In addition, the publication contains a summary of side events held during the forum in a separate annex.
• Millennium Development Goals (MDGs) – What has the EU achieved?
• Factsheet on Sustainable Development Goals and the Post-2015 Agenda
• Brochure on the EU’s contribution to the Millennium Development Goals
• 2030 Agenda for Sustainable Development