Guests at Spokesperson’s Noon Briefing on Friday to focus on financing the post-2015 development agenda
In its report, the Intergovernmental Committee of Experts on Sustainable Development Financing found that the financing needs for sustainable development were in the trillions of dollars per year. Annual global savings, at $USD 22 trillion, are sufficient to meet these needs, but current financing and investment patterns will not deliver sustainable development. The challenge lies in promoting a financial system that incentivizes a reallocation of a percentage of savings to development and to global needs, including combatting climate change. To this end, the Committee proposed a basket of over 115 policy options towards the mobilization of public and private and domestic and international resources, as well as further action in the areas of sovereign debt resolution, tax cooperation, the fight against illicit flows, and others.
The Committee report is an important input to the third International Conference on Financing for Development in Addis Ababa, Ethiopia, in July 2015. The Conference is expected to adopt a comprehensive financing framework for sustainable development, to underwrite the post-2015 development agenda. The preparatory process for the Conference begins on Friday, 17 October, at 3 p.m. Ahead of the meeting Organizers will brief the media on financing the post-2015 development agenda at the Spokesperson’s Noon Briefing.
Mr. Mansur Muhtar, Committee Co-Chair, World Bank Executive Director for Nigeria, Angola, South Africa
Mr. Pertti Majanen, Committee Co-Chair, Ministry of Foreign Affairs, Finland
H.E. Mr. Geir Pederson (tbc), Permanent Representative of Norway, Co-facilitator of the preparatory process for the third International Conference on Financing for Development
H.E. George Talbot (tbc), Permanent Representative of Guyana, Co-facilitator of the preparatory process for the third International Conference on Financing for Development
Friday, 17 October at 12p.m. EDT
Press Briefing Room (S-237)
The press conference will also be webcast live on UN Web TV. http://webtv.un.org/
For more information, visit: http://www.un.org/esa/ffd/
Mr. Wynne Boelt, UN Department of Public Information, Tel: 212 963 8264, E-mail: email@example.com