The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the Ministry of Foreign Affairs, Republic of Korea will co-host the First High-Level Follow-up Dialogue on Financing for Development in Asia and the Pacific on 30-31 March 2016 in Incheon, Republic of Korea.
Objectives
The international community adopted in 2015 three historic, universal and transformative agreements – the Addis Ababa Action Agenda (AAAA) on Financing for Development in July, the Agenda 2030 for Sustainable Development in September, and the Paris Agreement on Climate Change in December. The adoption of the Addis Ababa Action Agenda, a comprehensive and integrated framework for financing sustainable development, is expected to reinvigorate and strengthen the Financing for Development (FfD) process which is to reaffirm and build on the 2002 Monterrey Consensus and the 2008 Doha Declaration. Furthermore, this important means of implementation (MoI) framework aims to lay out the action-oriented mechanism in the spirit of global partnership and solidarity for supporting implementation of the sustainable development goals (SDGs).
In this context, the First High-Level Follow-up Dialogue on Financing for Development in Asia and the Pacific will provide an important opportunity to gather regional momentum, scale up consolidated efforts and recalibrate the regional financial architecture to lay down a solid foundation for supporting implementation of SDGs. To support the follow-up process at the regional level, the dialogue could provide an opportunity to the policymakers to further review the several commitments under the AAAA, and to approach their implementation process in Asia and the Pacific region.
Expected Outcome
The dialogue will adopt the Chair's Summary,containing the key policy recommendations of a regional plan of action on FfD, and serve as key input to the annual ESCAP commission session in May 2016, and to the Financing for Development deliberation of the United Nations General Assembly.
Programme
Background Note
Discussion Papers
ESCAP Papers
- Trade as non-financial means of implementing sustainable development in Asia and the Pacific
- Science, Technology and Innovation AAAA commitments and implications for implementation and monitoring
- Data and statistics: role and implications for monitoring commitments and actions to the AAAA
Session 1: Regional tax cooperation in Asia and the Pacific - [Concept Note]
- The Asia Pacific Tax Forum for Sustainable Development (AP-TFSD): A Proposal
- Sustainable Tax for Development in a Global Context: Some Australian Experiences
- Urban Infrastructure Financing in China
- Financing Urban Infrastructure in India: An Overview of Policy Lessons
Session 2: Capital markets, securities commissions and regulations in Asia and the Pacific - [Concept Note]
- Corporate Bond Market in Asia and the Pacific and its Role in Financing for Development
- Financing Growth through Venture Capital in Asia and the Pacific
- Capital Market Development in ASEAN Economic Community: Issues and Opportunities for Other Sub-regions of the Asia-Pacific Region
Session 3: Financing for Infrastructure Development - [Concept Note]
- Mobilising Private Capital Flows for Infrastructure Development in Asia and the Pacific
- The Role of Institutional Investors in Financing Development in Asia and the Pacific
Session 4: Financial inclusion - [Concept Note]
Session 5: Climate finance - [Concept Note]
Session 6: South-South cooperation and triangular development cooperation, with a focus on the countries with special needs - [Concept Note]
- South-South and Triangular Development Cooperation in Asia
- Financial Development and Growth: Does One Size Fit All? Evidences from a Nonparametric Estimation
ESCAP FfD Resources
- Abstracts of Discussion Papers
- Financing for Transformation – From Agenda to Action on Sustainable Development in Asia and the Pacific (July 2015)
- Asia-Pacific Development Journal, December 2015 (Special issue on financing for development)
- ESCAP/MPFD Policy Brief "Shifting structure of financial sector in Asia and the Pacific"
- ESCAP/MPFD Policy Brief "Improving tax policy and administration in South-East Asia"
- Asia-Pacific Outreach Meeting on Sustainable Development Financing, 10-11 June 2014, Jakarta, Indonesia
- Asia-Pacific High-Level Consultation on Financing for Development, 29-30 April 2015, Jakarta, Indonesia
- Side event at the Third International Conference on Financing for Development "Financing for Transformation: from agenda to action on sustainable development in Asia and the Pacific", 13 July 2015, Addis Ababa, Ethiopia
- Making it Happen: Transitioning from MDGs to SDGs - Side Event at the Seventieth Session of the General Assembly, 29 September 2015, New York
- Committee on Macroeconomic Policy, Poverty Reduction and Inclusive Development, Third Session, 1-3 December 2015, Bangkok, Thailand
Related FfD Resources for Incheon Dialogue
- Financial Inclusion Pakistan Country Paper, State Bank of Pakistan
- Bridging the gap between development and finance, Impact Investment Exchange (Asia )
United Nations FfD Resources
- Addis Ababa Action Agenda Outcome Document
- Report of the Inter-agency Task Force on Financing for Development – Addis Ababa Action Agenda: Monitoring commitments and actions
- 2030 Agenda (SDGs) Outcome Document
- Paris Agreement on Climate Outcome
- ECOSOC FfD Forum Report
Related Links & Resources
- Financing for Development (DESA)
- Intergovernmental Committee of Experts on Sustainable Development Financing
- Implementing the Monterrey Consensus in Asia and the Pacific
- Sustainable Development Solutions Network
- Theme Study of the 68th Commission Session on Growing Together: Economic integration for an inclusive and sustainable Asia-Pacific century
- Economic and Social Survey of Asia and the Pacific
Presentations
- Session 2: Capital markets, securities commissions and regulations in Asia and the Pacific
- Session 3: Financing for Infrastructure Development
- Session 4: Financial inclusion
- Session 5: Climate finance
- Session 6: South-South cooperation and triangular development cooperation, with a focus on the countries with special needs
Statements
- Introductory remarks by Shamshad Akhtar, Under-Secretary-General of the United Nations and Executive Secretary of ESCAP
- Welcome remarks by Yun Byung-se, Minister of Foreign Affairs, Republic of Korea
- Keynote address by Yoo Il Ho, Deputy Prime Minister and Minister of Strategy and Finance, Republic of Korea
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