Heads of State and Government Meeting

Financing for the Development in the Era of COVID-19 and Beyond Initiative (FFDI)

High-Level Global Roundtable on Extractive Industries as an Engine for Sustainable Development
25 May 2021, 9:00 am to 11:30 am (EST)

In the past year, the COVID-19 pandemic and the social and economic crisis it triggered has not only caused immeasurable suffering but could also derail global efforts to achieve the 2030 Agenda for Sustainable Development.

By bringing together issues related to investment, revenue, debt, illicit financial flows, technology and climate action, extractives industries stand at the nexus of the multiple economic crises caused by the pandemic. They should consequently form a core component of global response and recovery plans and are a key topic of discussion under the Initiative on Financing for Development in the Era of COVID-19 and Beyond (FfDI).

On 25 May 2021, United Nations Secretary-General António Guterres will convene an online Global Roundtable on Extractive Industries on how to transform the sector into an engine for sustainable development.

The pandemic presents a once-in-a-lifetime chance to support a just transition away from fossil fuels turn extractive industries into an engine for a low-carbon, resilient and inclusive future. The green energy transition, accelerated by the crisis, also offers a tremendous opportunity to create new jobs, redress social and environmental inequities and support developing countries, many of which are rich in the materials needed for the renewables revolution.

This roundtable concludes a series of five regional roundtables held over the past several months in collaboration with the UN Regional Economic Commissions, with support from UNDP, UNCTAD, DESA, and UNEP. It will feature high-level participation by Heads of State and Government, the Secretary-General and Deputy-Secretary General of the United Nations, the Executive Secretaries of the Regional Economic Commissions and key stakeholders from the private sector, civil society and academia.

Participants will address how to seize the opportunity to identify and implement key partnerships, instruments and policies to ensure that extractive industries better serve sustainable development objectives, including on climate action. The Secretary-General’s policy brief with concrete proposals to inform the event will be released prior to the Global Roundtable.

Documents

High-Level Events

Roundtable Events

  1 July 2020

Rebirthing the Global Economy to Deliver Sustainable Development

  3 September 2020

Rebirthing the Global Economy to Deliver Sustainable Development

  2 November 2020

Civil Society Meeting

  24 November 2020

Rebirthing the Global Economy to Deliver Sustainable Development

Discussion Groups

Each Discussion Group was co-led by Member States and supported by the United Nations. Membership included Member States, represented by Ministries of Finance, as well as more than 50 institutional partners – international financial institutions, international organizations, private sector and civil society representatives, think tanks and academic institutions.

The Groups received further logistical, technical and substantive support from 20 specialized UN entities, funds and programmes, and received regular input from United Nations Country Teams. Group co-leads met on several occasions to enhance coordination and coherence across the outcomes of different Groups. Over 50 of the world’s top experts in their fields were also invited to infuse scientific accuracy and cutting-edge research into the outcomes.