HLPF Side Event Inter-agency Task Force on Financing for Development: Monitoring progress on the means of implementation of the 2030 Agenda

Excellencies,Ladies and Gentlemen,Dear colleagues,

Welcome to this side event of the Inter-agency Task Force on Financing for Development. I am pleased that you have joined us to discuss the Task Force’s contribution to monitoring progress on Financing for Development outcomes and the means of implementation of the 2030 Agenda.

Last September, world leaders gathered here to adopt the universal 2030 Agenda, including 17 Sustainable Development Goals. Two months earlier, they had adopted the Addis Ababa Action Agenda on Financing for Development, establishing a comprehensive financing framework to support, complement and contextualize the means of implementation targets of the 2030 Agenda.

Our challenge now is to move from aspiration to action, and to deliver on commitments made.

This 2016 High-level Political Forum is an opportunity to assess initial progress on the SDGs, including their means of implementation. The work of the Inter-Agency Task Force on Financing for Development provides strong evidence base for this task. Today’s event should help us to ensure that future reports of the Task Force will be relevant to the work of the HLPF in the following years.

Excellencies,

The Inter-agency Task Force was set up by the Secretary-General earlier this year.

The work of the Task Force is coordinated by the Financing for Development Office of UN DESA, in close collaboration with the major institutional stakeholders of the Financing for Development process, namely the World Bank Group, the IMF, the WTO, UNCTAD and UNDP.

In total, more than 50 United Nations agencies, programmes and offices, regional commissions, and other relevant international institutions, such as the OECD and Financial Stability Board, contribute to the Task Force’s work.

The Task Force’s inaugural report, issued prior to the ECOSOC Forum on FfD follow-up in April, presents a comprehensive framework to monitor progress in implementing the Financing for Development outcomes and the SDG means of implementation.

The framework was endorsed by Member States at the ECOSOC Forum on FfD follow-up. It complements the statistical work on the SDG indicators. It incorporates Goal 17 and all of the means of implementation indicators identified by the Statistical Commission. But it also goes beyond them to cover additional Addis Agenda commitments and to provide contextual analysis. Future Task Force reports will seek to give an in-depth analysis of implementation, which can provide a basis for policy recommendations.

In preparation for the 2017 report, members of the Task Force have prepared short Issue Briefs to provide initial assessments of progress on a range of commitments. They are published online and are also available in the room.

Excellencies,

Before we hear your views on how the Task Force can best contribute to the HLPF and SDG review, allow me to briefly share with you some of our plans for the future work programme of the Task Force.

The outcome of the April FfD Forum mandated three elements for future Task Force reports:
  • A discussion of the global context and its implications for financing sustainable development.
  • An overview of progress on the Means of Implementation of the 2030 Agenda and all the commitments in the Addis Agenda and other Financing for Development outcomes. Detailed monitoring will be presented in the on-line annex. The annual report will focus on shorter data presentations and policy options and recommendations.
  • An analysis of thematic issues. These themes should ideally be aligned with the themes of the HLPF.
Considering the time needed for preparing such analysis, I would encourage Member States to decide on the themes for the report and the Forum well in advance – if possible by the end of this session of ECOSOC.

Task Force members have also asked us to use the Task Force as a platform for greater inter-agency cooperation. The Addis Agenda included a number of requests for further analytical work by the international system. The Task Force provides space for international organisations to coordinate their work on these and other related work streams.

Excellencies,

We carry out this work to support your deliberations. We therefore rely on your feedback to make it most useful to you. We would also like to hear how the Task Force’s analysis, including that of thematic issues, can add the most value for Member States, and how best to engage with other stakeholders. We look forward to your guidance.

Thank you.
File date: 
Tuesday, July 12, 2016
Author: 
Mr. Wu