Options for effective sustainable development financing strategy
The Intergovernmental Committee of Experts on Sustainable Development Financing (ICESDF), established a year ago in follow-up to Rio+20, will hold its fifth and final session in New York from 4 to 8 August. During the session, the Committee will finalize its report proposing options on an effective sustainable development financing strategy. A multi-stakeholder dialogue will be held during the session.
The report of the Committee will lay out concrete policy options in the areas of domestic and international, public, private and blended finance, as well as the institutional enabling environment. The options will facilitate the mobilisation of resources and their effective use in achieving sustainable development objectives.
The report will provide an important input to the UN Secretary-General’s synthesis report on the transition from the Millennium Development Goals to the Sustainable Development Goals, as well as to the third International Conference on Financing for Development (13-16 July 2015, Addis Ababa, Ethiopia), the outcome of which should constitute an important contribution to and support the implementation of the post-2015 development agenda.
The Committee just completed an informal retreat in Glen Cove, Long Island, held on 15-17 July 2014. During the retreat, Committee members had a discussion on the current draft report and made significant progress to strengthen its final version. Following the retreat, the Co-Chairs of the Committee held an open briefing on the progress of work of the Committee to Member States and non-state actors on Friday, 18 July.
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