Expert Group Meeting: Innovative Finance for
Sustainable Development
18-19 October 2007
Conference Room 7
New York, United Nations
The Expert Group Meeting on Innovative Finance for Sustainable
Development, organized jointly by the Division for Sustainable
Development and the Financing for Development Office of the Department
for Economic and Social Affairs at UN Headquarters in New York on
October 18-19, 2007, aimed to make accessible to a large public recent
developments taking place in developing countries in the financing of
select sectors. The meeting brought together the perspectives of
academics, development institutions, practitioners in the field, and
private sector actors. The mix of conceptual and practical approaches
made for fruitful discussion on the challenges of implementing
innovative financial concepts and approaches in practice. The meeting
comprised four sessions covering:
- Financing instruments for agricultural R&D;
- Index based insurance products for agriculture;
- Micro health insurance in Africa;
- Sub-national instruments for financing basic utilities
The choice of these sectors was based on their importance in the
development agenda of developing countries, as well as on the agenda of
ongoing or upcoming discussions at the international level. The Division
for Sustainable Development, which acts as Secretariat to the Commission
on Sustainable Development (CSD), organized the first three sessions as
a way to inform the review that will take place in the discussions at
CSD-16 in May 2008. The Financing for Development Office organized the
session on financing basic utilities, reflecting past and ongoing work
on that issue as part of the Office mandate. The outcome will also serve
as a substantive input to the Follow-up International Conference on
Financing for Development to Review the Implementation of the Monterrey
Consensus in Doha, Qatar, from 29 November to 2 December 2008.
The meeting was open to all country delegations at the United Nations,
UN Agencies, Funds and Programmes and accredited NGOs, as well as other
interested practitioners from academia and the private sector. Overall,
more than fifty people participated in the meeting.
The report of the meeting is
now available.
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