FfD Financing for Development 2022-2024

The Addis Ababa Action Agenda (AAAA) is an integral part of the 2030 Agenda and is the framework on how to finance the SDGs. Before the Covid-19 crisis, the UN estimated the financing gap to achieve the SDGs at $2.5 trillion per year in developing countries alone. Now developing countries are facing a shortfall of USD 1.7 trillion in the financing they would need this year to keep them on track for the SDGs.[1] The main body for the follow-up and review of the AAAA is the yearly ECOSOC FfD Forum that results in intergovernmentally agreed conclusions. The Group of Friends of Monterrey (FoM) is a more informal part of the follow-up mechanism, but equally important, because it constitutes an informal space for dialogue in order to advance important topics of FfD.

[1] OECD’s latest Global Outlook on Financing for Sustainable Development

The overall goal for the whole intervention (until 2030) as set out in the entry proposal is to give the FfD agenda a substantive push and contribute to the achievement of the SDGs by 2030. Switzerland will put a special focus on 2 priority themes: Private sector engagement, and multi-stakeholder partnerships

This credit proposal has 2 goals:

1.  The global policy dialogue on FfD is enriched and evidence based by best practices from the field when engaging with the private sector. A particular focus will be put on how to “build forward better”[1].

The global policy dialogue is strengthened and more inclusive[2] by the substantial contribution of different stakeholders

[1] This also includes GEWE (Gender Equality and Women Empowerment) in the whole recovery/build forward process, i.e. gender as a mainstreaming topic

[2] Including gender aspects

Main outcome for goal 1:

Best practices and lessons learnt from SDC projects[1] that engage with the private sector, particularly also on how to build forward better[2], are fed into the policy dialogue and follow-up process of FfD.

Main outcome for goal 2:

The FfD Forum and the FoM are more inclusive and participatory

[1] GZ, SZ und OZA in a first time, later also projects from SECO could be included

[2] This also includes a strong focus on social inclusion and gender equality

Erwartete Resultate:  

For goal 1: Best practices and lessons learnt from SDC private sector engagement projects, particularly also on how to build forward better, are identified and processed so that they are easily communicable[1]

For goal 2: The FfD Forum and the FoM[2] are shaped and organised in a manner that a wide variety of actors (civil society organisations, private sector, academia, LDCs) are systematically involved in the process and encouraged to actively participate

[1] These communication products will also be used by SDC for its own communication, i.e. it can be reused on social media

[2]  Be it in a virtual, hybrid or physical format.

Resultate von früheren Phasen:   This is a first phase, however experience from small actions funded so far have been positive: the Group of Friends of Monterrey (FoM) meetings are important to build trust amongst delegations before the FfD negotiations. The LCD participation at the FfD Forum is crucial to give developing countries a voice.