Informal interactive dialogue on commodity markets

16 May 2016

On the 16 May 2016, the President of the 70th session of the UN General Assembly convenes an one-day special thematic event at the UN Headquarters in New York on commodity markets, with the participation of Member States, non-governmental organizations, civil society, the private sector and academic institutions, in order to stimulate a much needed debate aimed at providing inputs for a wideranging assessment of the current stage of the commodity cycle, as well as consolidating the United Nations as a platform for sharing best practices, policy recommendations and successful experiences regarding commodity wealth management.

As most developing countries are to some extent dependent on commodity exports, commodity wealth management becomes a strategic element in their national planning and strategies, especially if we take into consideration the amount of resources required to finance a much more complex and broad-ranging agenda as the 2030 Agenda for Sustainable Development, including the SDGs. Drawing on commodity-based revenues represents an opportunity to kick-start the implementation of the SDGs in producing economies, but it also poses a challenge for those countries to overcome their commodity dependency and the related constraints this can pose on sustained and inclusive growth. Mandated by General Assembly Resolution 70/191, the one-off one day event intends to provide a space to discuss policy options, at both the national and international levels, share experiences and analyze hard evidence and data on how to best navigate the end of the commodity super cycle, as well as explore possible cushions against the adverse impacts of current commodity trends on global sustainable development efforts. The interactive debate will also aim at building common ground and at providing concrete policy recommendation and tools on how best deal with high price volatility in com modity prices, including through international cooperation .

 PROGRAMME

Special Thematic Event “Trends and Perspectives in Commodities Markets and Their Implications in Commodity-Dependent Developing Countries – CDDCs”

Trusteeship Council Chamber, 16 May 2016

 10.00 – 10.10am

Opening remarks:
Mr. Mogens Lykketoft, President of the 70th Session of the General Assembly

 10.10 – 11.10am

Segment I: Recent developments in commodities markets and the debt impact and long term structural constraints to diversify commodity economies

Moderator:
Ambassador Dian Triansyah Djani, Permanent Representative of Indonesia to the United Nations in New York

Keynote Speakers:
Mr. Samuel K. Gayi, Director, Special Unit on Commodities, UNCTAD, Geneva
Mr. Prakash Loungani, Chief, Development Macroeconomics in the IMF’s Research Department. Adjunct Professor at Vanderbilt University’s Owen School of Management

11.10am – 1pm

Interventions by Member States

 3.00 – 4.00pm

Segment II: Integrating commodity policies into wider development and poverty eradication strategies at all levels

a) Implications on CDDCs export revenues, food security, job creation and macroeconomic stability
b) Best practices
c) Policy recommendations

Moderator:
Mr. Chantal-Line Carpentier, UNCTAD Special Representative Director to lbe United Nations in New York

Keynote Speakers:
Mrs. Ellen Houston, Adjunct Professor, Department of International Studies, Marymount Manhattan College
Mr. Vinicius Pinheiro, ILO Special Representative to the United Nations in New York

 4.00 – 5.00pm

Interventions by Member States

 5.00 – 5.30pm

Closing Segment

Presentation of Summary

Find full programme here: Programme: Informal interactive dialogue on commodity markets