Committee on Liberalization of Foreign Trade, Economic Globalization and Financing for Development, 12th session (Focus on Finance) Skip to main content

Committee on Liberalization of Foreign Trade, Economic Globalization and Financing for Development, 12th session (Focus on Finance)

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04
-
05
December
2017
Location: 
Beirut, Lebanon
Event Type: 



Having subscribed to the 2030 Agenda on Sustainable Development, the Arab regions' ambitions were compounded as much as they were frustrated by ever fiercer global competition over development finance. The socio-economic fabric of many countries continues to be strained beyond malleable limits as global and regional challenges unravel exposing national vulnerabilities. Sustainable development aspirations are falling out of reach, yet defying the multiple crises that are having a toll on efforts to mobilize all means possible (financial and non-financial) to finance sustainable development. Regional contexts and country-specific realities are consistently testing and contesting the viability of the new global Financing for Development (FfD) framework.

Two years following the adoption of the Addis Ababa Action Agenda, the financing for development outlook of the Arab region remains turbulent. It is within this context that ESCWA intends to convene the eleventh session of the Committee on FfD to provide a first-hand regional assessment of merits of the new global financing for development framework. The Committee is expected to review progress achieved in implementing key Arab action priorities articulated in the lead-up to the Third International Conference on Financing for Development. It will also seek pathways to advance Arab FfD joint action taking into account the outcomes of regional and global mandates and processes.

At the session, ESCWA intends to showcase the findings of the Arab Financing for Development Scorecard that has been developed to serve as a regional FfD monitoring tool-box. The Committee is expected to review the findings of the first ESCWA report on curbing illicit financial flows and trade misinvoicing. The eleventh session would provide an opportunity to review ESCWA’s strategy on FfD as well as discuss the means to advance regional FfD priorities and strategies, including through the possible establishment of an Arab financing for development forum.

1. EVENT DETAILS

INFORMATION NOTE
LOGISTICAL NOTE
ORGANISATION OF WORK
PROVISIONAL AGENDA AND ANNOTATIONS

2. BACKGROUND DOCUMENTS

a. REVIEW OF ACTIONS TAKEN IN THE FIELDS OF FFD - IMPLEMENTATION OF THE RECOMMENDATIONS MADE BY THE COMMITTEE AT ITS NINTH SESSION
b.IMPLEMENTATION OF FINANCING FOR DEVELOPMENT-RELATED ACTIVITIES UNDER ESCWA PROGRAMME OF WORK
c. FOLLOW-UP AND REVIEW OF FINANCING FOR DEVELOPMENT OUTCOMES AND MEANS OF IMPLEMENTATION OF THE 2030 AGENDA
d. ARAB FINANCING FOR DEVELOPMENT SCORECARD
e. DOMESTIC RESOURCE MOBILIZATION & ILLICIT FINANCIAL FLOWS IN THE ARAB REGION
f. DOMESTIC & INTERNATIONAL PRIVATE FINANCE
g. INTERNATIONAL DEVELOPMENT COOPERATION
h. INTERNATIONAL TRADE AS AND ENGINE FOR GROWTH
i. DEBT AND DEBT SUSTAINABILITY
j. DOMESTIC RESOURCE MOBILIZATION ~ CURBING ILLICIT FINANCIAL FLOWS AND TRADE MISINVOICING (PANEL DISCUSSION)
k. THE ARAB FINANCING FOR DEVELOPMENT FORUM
l. PROPOSED PROGRAM OF WORK FOR THE BIENNIUM 2018-2019 IN THE FIELD OF FFD