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Accordingly, national statistical capabilities should be strengthened. Capacity-building initiatives and exchanges of experiences and practices should support developing countries and least developed countries in particular in tracking, monitoring and evaluating the impact and performance of different types of financing flows. Enhanced national capacities for monitoring and accounting of financing flows, including through the adoption of appropriate standards and reporting at a country-wide level, would also contribute to ensuring mutual accountability and global transparency. The potential of combining active (e.g., reporting) and passive (e.g., websites) transparency mechanisms to ensure disclosure and transparency to stakeholders, constituencies and beneficiaries should be further explored.
To enable the sharing of data, for example on blended finance, actors could establish a research data protocol, which would build on existing reporting standards and be used to collect project-related data and make it publicly available.
Recent work by the World Bank provides a useful starting point for assessing sustainable development needs and related policy and financing priorities to achieving them, using a model-based diagnostics tool and drawing on a multicountry database. The analysis has been applied to Uganda as a pilot and is being extended to 10 additional countries with diverse characteristics.
Strengthen global partnership to facilitate effective sustainable development cooperation The global partnership for development as set out in Millennium Development Goal 8 and the Monterrey Consensus represents a set of commitments by both developed and developing countries on promoting development. The post-2015 development agenda will have to be underpinned by a renewed and strengthened global partnership for sustainable development, defining a compact of commitments by States Members of the United Nations, while providing space and flexibility for engagement with a wide range of stakeholders. There are global platforms aimed at enhancing the impact and effectiveness of development cooperation, including the Development Cooperation Forum of the United Nations and other existing initiatives (see section IV.C).
The effective cooperation for sustainable development, including its financing aspects, requires a global partnership with the meaningful involvement and active participation of developing and developed countries, multilateral and bilateral development and financial institutions, parliaments, local authorities, private sector entities, philanthropic foundations, civil society organizations and other stakeholders. Ongoing efforts to strengthen the global partnership for sustainable development cooperation should take into account relevant United Nations conferences and other initiatives, and be based, inter alia, on the principles of country ownership, focus on results, delivery through inclusive partnerships, transparency and accountability to one another. In this context, the complementary nature of South-South cooperation to North-South cooperation applies. As part of the post-2015 development agenda, the processes for boosting the impact and effectiveness of development cooperation should be continued and enhanced.
VI. Concluding remarks In the preceding pages we laid out the conclusions of the work we have jointly carried out over the last 12 months. We trust that the policy options presented in these pages, and the strategic approach that our work is based upon, will provide a basis for future discussion on financing sustainable development and will inform, together with the report of the Open Working Group on Sustainable Development Goals, the intergovernmental negotiations for the post-2015 development agenda.
We expect that the recommendations and analysis in our report will stimulate discussions among all stakeholders and inspire new ideas and innovative solutions. Many of our recommendations call for exchanging ideas and sharing experiences between countries and for enhanced international cooperation based on a renewed global partnership for sustainable development. The third International Conference on Financing for Development and its preparatory process will bring together all stakeholders and provide an opportunity for advancing these discussions. We look forward to progress being made in these areas, in the context of the Addis Ababa Conference and beyond.
Annex Membership of the Intergovernmental Committee of Experts on Sustainable Development Financing The five regional groups of the United Nations nominated representatives from 39 countries to serve on the Committee. In each session, 30 experts served as members, while the remainder served as replacements of experts.
1. Mansur Muhtar, Nigeria (Session 1 – 5)
2. Pertti Majanen, Finland (Session 1 – 5)
1. Zou Ji, China (Session 1, 2, 3, 4, replacement for Session 5)
2. Rajasree Ray, India (Session 2, 3, 4, 5, replacement for Session 1)
3. Lukita Dinarsyah, Indonesia (Session 1 – 5)
4. Mohammad Reza Farzin, Islamic Republic of Iran (Session 1, 2, 4, 5, replacement for Session 3)
5. Aiboshi Koichi, Japan (Session 1, 2), Takeshi Ohsuga (Session 3, 4, 5)
6. Amjad Mahmood, Pakistan (Session 1, 2, 3, 5, replacement for Session 4)
7. Sung Moon Up, Republic of Korea (Session 1 – 5)
8. Khalid Al Khudairy, Saudi Arabia (Session 1, 3, 4, 5, replacement for Session 2) 50 Report of the Intergovernmental Committee of Experts on Sustainable Development Financing
Eastern European Group
1. Emiliya Kraeva, Bulgaria (Session 1 – 5)
2. Tõnis Saar, Estonia (Session 1 – 5)
3. Viktor Zagrekov, Russian Federation (Session 1 – 5)
4. Vladan Zdravkovič, Serbia (Session 1, 3), Dragan Županjevac, Serbia (Session 2, 4, 5)
5. František Ružička, Slovakia (Session 1 – 5) 14-59669 - DESIGNED BY GRAPHICS DESIGN UNIT