Policy Briefing 10/2014

© flickr/Moyan Brenn

“Universal Goals – Innovative Financing?"
The EU’s contribution to the funding of a future global sustainable development agenda

 

07 October 2014, Brussels

Conference language English

Around the world, intensive efforts are under way to craft a universal sustainable development agenda as the follow-up to the Millennium Development Goals (MDGs) and Rio+20. The recent publication of the first zero draft by the Open Working Group (OWG) on Sustainable Development Goals was an important step. It contains a list of, currently, 17 proposed sustainable development goals, which will be binding on all the countries of the world.

Over recent months, the 30-member Intergovernmental Committee of Experts on Sustainable Development Financing has undertaken the task of drafting proposals on the funding of this ambitious agenda, and will report to the United Nations General Assembly in 2014. Although the substance of its deliberations has not been revealed to the public, some key elements are already emerging. For example, there is agreement among the experts that substantial additional funding is required. While they acknowledge that official development assistance (ODA) will continue to be crucially important in eliminating extreme poverty, particularly in the least
developed countries (LDCs), ODA is not a suitable vehicle for implementing an enhanced development agenda with universal applicability.

To provide the substantial resources required, funding must be accessed from public, private, national and international sources. The developing countries should also make a greater contribution, for example by increasing their tax revenue and/or curbing illegal financial flows, thus improving the sustainability of their budgets. Furthermore, other alternative approaches and mechanisms to finance the new agenda will be required, such as those proposed by the Intergovernmental Committee to fund sustainable development. In addition to the straightforward provision of funding, the manner in which the funds are deployed to improve support
for transition processes and, ultimately, to generate fresh resources is important. Other policy areas, such as international trade and financial market policy, must also be considered and, if necessary, reformed.

The Development and Peace Foundation (sef:) wishes to explore the Intergovernmental Committee’s proposals with experts from politics, civil society and business at a policy briefing in Brussels. Key issues to be addressed are as follows:

  • Which of the funding options proposed by the Intergovernmental Committee, aside from ODA, are relevant to the EU as a development policy actor?
  • How can the EU contribute to their success?
  • In which areas can fresh money best support the “transformative shifts” which are foreseen by a new agenda?
  • How can and must the EU fulfil the principle of common but differentiated responsibility in relation to the future financing of universal sustainable development goals?
NEWS

sef: Bonn Symposium 2017

Local partnerships to implement the SDGs

REGISTER NOW!

On 5th and 6th December 2017, sef: will, together with the Service Agency Communities in One World (SKEW) of Engagement Global gGmbH, the Federal State of North Rhine-Westphalia and other supporters, host its annual Bonn Symposium. What are good examples of partnerships within and between municipalities worldwide? What can be done to facilitate better knowledge sharing among municipalities– and how can networks of cities make a contribution here? These questions will be discussed with international representatives from municipalities, city networks as well as from academia, business and civil society. Register now!

:further info here

sef: Policy Lunch 2017

Is a legally-binding UN Treaty on Business and Human Rights possible?

SAVE THE DATE

What is the state of the United Nations negotiations on a legally-binding Treaty on Business and Human Rights? What is the European Union’s position towards the negotiations taking place in October again? Experts will discuss the current developments at the sef: Policy Lunch on 20 November 2017. The event will take place in cooperation with CIDSE – International Alliance of Catholic Development Agencies at the Representation of the State of North Rhine-Westphalia to the EU in Brussels. Further information will follow soon.


:further info here

"More advocacy work needed"

INTERVIEW WITH CEPHAS LUMINA
Former UN Independent Expert on Foreign Debt and Human Rights

In 2012, the Guiding Principles on Foreign Debt and Human Rights were endorsed by the UN Human Rights Council. What has happened since? What still has to be done? Professor Cephas Lumina, former UN Independent Expert on Foreign Debt and Human Rights assesses the current situation in a video interview with sef: on the occasion of an International sef: Expert Workshop  on “Human Rights and the Global Economy”. The interview is also available in written form as sef: insight.

:further info here

"Women are losing out"

INTERVIEW WITH RANJA SENGUPTA
Third World Network, New Delhi

In countries of the Global South, trade and investment agreements often have a negative effect on the weakest parts of society, in particular women. Why is this so? And how can unequal power relations that foster an economic system at the expense of the weakest be challenged? At a recent International sef: Expert Workshop, Ranja Sengupta shared the results of her research in India in a video interview. The interview is also available in written form as sef: insight.

:further info here