- Sept. 21, 2023
-- The United Nations General Assembly's High-level Dialogue (HLD) on Financing for Development (FfD) comes at a critical juncture in the pursuit of the Sustainable Development Goals (SDGs), which the UN itself has described to be off-track at their midpoint, following the pandemic and multiple crises. All evidence indicates that the SDGs will not be met at all, unless drastic and difficult decisions are taken.
The CSO Partnership for Development Effectiveness (CPDE), represented by one of its Co-chairs Richard Ssewakiryanga, participated in the Dialogue as part of the Civil Society Financing for Development (CS FfD) Mechanism to call for open discussions on economic architectural reforms that can positively impact development cooperation and rebalance power asymmetries within the aid sector.
CPDE has the following demands, which underscore the urgency of addressing the shortcomings in international financing for development:
- Urgent scaling up of aid levels: Commitment to deliver on ODA commitments, including exceeding the ODA target of 0.7% GNI and allocating 0.15-0.20% of GNI to Least Developed Countries.
- Protecting development aid budgets: safeguard current aid budgets to developing countries and advocate for the responsible allocation of aid by phasing out the reporting of in-donor refugee costs as ODA
- Target ODA where is most impactful. Strategies to gather funding from the private sector have failed to mobilise the expected funds and contribute to progress in achieving the SDGs. Instead, ODA should promote publicly funded services, which have proven the most successful in ensuring fully inclusive and resilient societies that are able to respond to the pressures arising from the economic, social, and climate crises.
- Committing to reforms: governments and international financial institutions should commit to comprehensive reforms in the international financial architecture that prioritise equity, transparency, and the active participation of developing countries and civil society. ODA should be allocated so that it reaches those furthest behind first and improves accountability for development cooperation.
"Decisions on development cooperation should be made transparently, with representation from all stakeholders, and the UN should play a central role in this regard," explained CPDE Co-chair, Biljana Spasovska.
Richard Ssewakiryanga also proposed to revisit the Convention on Development Cooperation, which would provide a universally agreed mandate, definition, and purpose for governments. This convention would prevent the misuse of aid and align it with core, universally understood objectives.
In its statement (https://csopartnership.org/2023/09/cpde-statement-to-the-...
) to this year's UN SDG Summit, CPDE stressed that "reforming the international system and financial architecture must lead to sustainable development for all, and put the issues of poverty and inequality at the core of its mandate." The HLD on FfD is thus an opportunity for states and the private sector to renew their commitment towards the common ideal of "sustainable development for all".
Learn more about CPDE: https://csopartnership.org/our-core-advocacy/