Global Policy Forum

Civil Society FfD Group’s Input on the High-level Panel on International Financial Accountability, Integrity and Transparency for Achieving the 2030 Agenda

FfD_GroupThe Civil Society Financing for Development Group formulated an input in response to the announcement by the Presidents of the UN Economic and Social Council and the UN General Assembly to establish a High-level Panel on International Financial Accountability, Integrity and Transparency (FACTI) with the aim to achieve the 2030 Agenda. As mobilizing sufficient financing for development remains a major challenge especially in developing countries, it is an important step that some countries are placing the issue of illicit financial flows (IFF) on the agenda of the United Nations. However, the invitation to provide input on the draft terms of reference (ToRs), and potential panel members to address these issues, was not extended to civil society organizations. In its statement the Civil Society FfD Group points out the importance of a transparent and inclusive design of the FACTI panel. Its objectives should include the central issue of tax avoidance and the issue of tax evasion.




Febuary 27, 2020 | Civil Society FfD Group

Civil Society FfD Group’s Input on the High-level Panel on International Financial Accountability, Integrity and Transparency for Achieving the 2030 Agenda

We strongly agree that mobilising sufficient financing for development remains a major challenge, especially in developing countries. In this context we welcome the leadership that Nigeria and Norway have shown when it comes to placing the issue of illicit financial flows (IFF) on the agenda of the United Nations (UN).

Regarding the initiative to establish a new High-Level Panel on Financial Accountability, Transparency and Integrity (FACTI), we regret that the invitation to provide input on the draft terms of reference (ToRs), and potential panel members, was not extended to civil society organisations. None the less, we would like to provide the following input, which we hope will be well received and taken into consideration, especially as we recognise that there is an urgent need to build political momentum at global, regional and national levels to decisively and comprehensively address IFFs.

Read the whole input here.
 

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