What next on Financing for Development (FfD)? Reflections and mapping a way forward
Organizer: Civil Society Financing for Development Group (including the Women’s Working Group on FfD)
As the FfD Forum comes to a close this week, the FfD process cannot afford to be locked into agreed calendar dates when the world is faced with an unprecedented and unpredictable crisis. There remains a concerning mismatch between the scale of challenges facing us and the inability of the current FfD process modalities to generate the necessary political consensus for the ambitious decisions that are urgently required. In the context of the current multi-layered global crisis, agreeing on the next FfD conference would be crucial to work towards consensus on a global economic system that could foster systemic reforms while promoting human rights, gender equality, social equity and environmental justice. However, with the decision on where and when to hold the next conference being postponed to next year, it is imperative to explore new modalities to further advance the FfD Follow-up process. This side event will catalyse much-needed reflections on the informal and formal FfD discussions that have unfolded so far and map a way forward.