The Financing for Development Regional consultation was organized by the UNECE and UNDG for Europe and Central Asia (R-UNDG) on 23 March 2015 in Geneva. It brought together around 150 participants, including experts and representatives of governments, civil society, the private sector, and other international organizations to provide a regional input to the Addis Ababa Conference. The consultation focused on: “how to unlock private resources for sustainable development; how to create a conducive international environment for domestic resource mobilization; and how a renewed global partnership will look like.”

It was noted that Sustainable Development Goals (SDGs) financing needs appear to be huge, but at the same time, global savings by far surpass the needs to finance SDGs. What is required is to devise appropriate mechanisms and regulatory frameworks that can help channel these resources into meeting the SDGs. Financing the SDGs requires the use of different mechanisms and the engagement of different actors including Public-Private Partnerships (PPP), domestic public financing or tax revenue, international private finance, and multilateral development banks who will play an important role in channelling resources to activities with high social, economic and environmental returns.

For more information: Wondwosen.asnake@unep.org