The outcome document for the Third International Conference on Financing for Development (FfD3) is being finalized at the United Nations in New York. This is a key moment to make an assessment and influence the issues under negotiation to ensure progress is not lost in the interests of fact-tracking consensus. The outcome document must establish new ground on a range of issues such as combatting illicit financial flows and global tax cooperation.
Key to this is action on proposals of monitoring and accountability without repeating the mistake of leaving follow-up and review to insufficient processes. Several proposals are on the table. They range from integrating the existing FfD monitoring track into the follow-up for the Post-2015 Agenda and the work of the High-level Political Forum on Sustainable Development to creating a set of specialized bodies under the auspices of the United Nations. These would not just monitor outcomes and implementation but also carry forward the agenda with the development of new instruments and policies. One proposal, for example, is to supplement the existing expert committee on international cooperation on tax with an intergovernmental tax body with universal membership. Only in this manner, or by similar systemic reforms, proponents argue, could the challenges of the current global economic system be addressed.
- H.E. Mr. Hiroshi Minami, Ambassador, Deputy Permanent Representative of Japan to the United Nation
- Ms. Tessa Khan, Asia Pacific Forum on Women, Law and Development (APWLD)
- Ms. Tove Ryding, Eurodad
- Ms. Nicole Bidegain, Development Alternatives with Women for a New Era (DAWN)
- Mr. Aldo Caliari, Center of Concern/CIDSE
- Dominik Ziller, Deputy Director General Global processes, financing for development, effectiveness, Federal Ministry for Economic Cooperation and Development, Germany
Moderator: Mr. Wolfgang Obenland, Global Policy Forum
Due to the ongoing intergovernmental negotiations, this program may be subject to short-term changes.