Finance

HLPF Adopts Ministerial Declaration, Hears 22 VNRs [viewed]

hlpf2016_20jul22 July 2016: The 2016 meeting of the High-level Political Forum on Sustainable Development (HLPF) under the auspices of the UN Economic and Social Council (ECOSOC) adopted a Ministerial Declaration, focusing on the meeting's theme of 'Ensuring that no one is left behind.'

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Addis Tax Initiative Highlights Domestic Resource Mobilization [viewed]

ati18 July 2016: A side event at the 2016 High-level Political Forum on Sustainable Development (HLPF) marked the first anniversary of the Addis Tax Initiative (ATI), which was launched at the Third International Conference on Financing for Development (FfD), in Addis Ababa, Ethiopia, in 2015. Participants discussed recent developments in the ATI, as well as partner countries' needs in the area of domestic resource mobilization.

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China Submits VNR Executive Summary [viewed]

hlpf19 July 2016: China has submitted an executive summary of its Voluntary National Review (VNRs) report for presentation at the High-Level Political Forum on Sustainable Development (HLPF). The document summarizes China's actions on implementation of the 2030 Agenda for Sustainable Development, and highlights nine key areas for prioritization.

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UNRISD Launches Consultations on Social Policy Benchmark [viewed]

UNRISD Colour Logo CMYK18 July 2016: The UN Research Institute for Social Development (UNRISD) unveiled a draft version of its flagship report on social policy innovations towards implementation of the 2030 Agenda on Sustainable Development, inviting comments through an online consultation process. The report addresses: understanding transformative change; trends and innovations in social policy; care policies; social and solidarity economy; climate change; mobilizing domestic resources; and governance and politics.

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World Bank, UNDP and Countries Discuss SDG Implementation Factors [viewed]

hlpf19 July 2016: On the sidelines of the 2016 session of the UN High-level Political Forum on Sustainable Development (HLPF), officials from the UN Development Programme (UNDP), the World Bank and governments discussed experiences with the Sustainable Development Goals (SDGs) so far, and identified factors to consider for their implementation.

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UNEP Inquiry Highlights Green Finance in 13 Developing Countries [viewed]

UNEP Logo18 July 2016: The UN Environment Programme (UNEP) Inquiry into the Design of a Sustainable Financial System has published a report highlighting the diverse experiences of 13 developing countries in directing finance toward sustainable development aims. Launching the report to coincide with the 2016 session of the UN High-level Political Forum on Sustainable Development (HLPF), UNEP emphasized the need for financing at the level of US$5-7 trillion each year to implement the Sustainable Development Goals (SDGs).

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African Union Summit Reviews Progress on Gender Equality, Women's Land Rights [viewed]

au_eca_afdb17 July 2016: The 27th African Union (AU) Summit, which convened on the theme 'Women's Rights, Human Rights,' recognized Algeria, Rwanda, South Africa and Tunisia as the best-performing countries in promoting women's rights and gender equality across the political, social and economic arenas. On the sidelines of the Summit, the Land Policy Initiative launched a campaign to achieve 30% documented allocation of land by African women by 2025.

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World Bank Report Highlights Urban Renewal Needs, Tools [viewed]

world_bank_ppiaf13 July 2016: Private sector participation is the most critical component in “rejuvenating decaying urban areas,” according to a report published by the World Bank and the Public Private Infrastructure Advisory Facility (PPIAF). The report, titled 'Regenerating Urban Land: A Practitioner's Guide to Leveraging Private Investment,' points to the need for “massive” financial resources for cities' rejuvenation that the public sector alone cannot provide. It also explains that while every city has areas of underused or distressed land as a result of changes in urban growth and productivity patterns, the issue is most prominent in developing countries, where decaying inner cities marginalize and exclude residents.

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OECD Report Promotes SDGs as Business Opportunities [viewed]

OECD_NEW18 July 2016: The Organisation for Economic Co-operation and Development (OECD) launched its annual Development Co-operation Report, which makes a case for businesses to invest in sustainable development and inclusive growth. The report, titled 'Development Co-operation Report 2016: The Sustainable Development Goals as Business Opportunities,' provides examples of how OECD is promoting collaboration among the stakeholders involved in sustainable development, and emphasizes that “business thrives when the world thrives.”

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In FY16, World Bank Provides Over US$61 Billion [viewed]

world_bank_new12 July 2016: The World Bank Group's (World Bank) commitments rose to over US$61 billion in loans, grants, equity investments and guarantees to countries and private businesses in fiscal year 2016 (FY16), according to a World Bank press release. This financing includes support for climate change and a continued focus on sub-Saharan Africa, which remains a top priority with commitments to countries reaching US$12.5 billion in FY16.

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