Saturday, 21 September 2024
13:00-14:15
Who we are:
The ImPACT Coalition on International Financial Architecture Reform and Financing for Development (IFA-FfD) was established at the 2024 UN Civil Society Conference in Nairobi to contribute to the Summit of the Future discussions on international financial architecture reform and enhanced financing for development, resilience and climate action. Co-led by Club de Madrid and the Global Public Investment Network, the Coalition comprises over 60 civil society organizations and Member States globally.
Our priorities:
The Coalition aims to align efforts among stakeholders to support the UN and the multilateral system in mobilising substantial resources for global financing needs. This is achieved through inclusive dialogue, collaborative thinking, and policy analysis and recommendations. Key focus areas include multilateral financing, monetary policies, development measurements, sovereign debt, international tax cooperation, and the governance of international financial institutions.
While the Coalition was initially created to strengthen the SoTF, it will continue to work collaboratively to contribute to the success of the 4th International Conference on Financing for Development in 2025. Looking ahead, the Coalition plans to intensify its efforts in promoting sustainable and equitable financing policies that facilitate development, resilience and climate action, with a focus on next year’s conference.
Highlights and Agenda of the Side Event:
This session aims at identifying opportunities leading up to the 4th International Conference on Financing for Development and the World Social Summit in 2025.
Thematic focus includes:
- Taking Stock: Reviewing the commitments under the Pact for the Future on the issues of financing and IFA reform, to understand what has been achieved and what remains to be addressed.
- Follow-up Strategies: Formulating and discussing concrete strategies to ensure that commitments are fully implemented.
- Areas Requiring Additional Efforts: Identifying areas within the financing for development agenda that require intensified efforts towards the preparatory process and celebration of the 4th International Conference on Financing for Development.
- Civil Society Engagement: Addressing the role of civil society in supporting these efforts, ensuring their active participation, responsibility and contribution to both the international conference and the broader financing for development agenda.
The structure of the session will be as follows:
- Representatives from Member States and the UN system will provide their perspectives on the achievements and progress made under the Pact for the Future (15 minutes).
- Coalition members will discuss additional needs and priorities for the 4th International Conference on Financing for Development (55 minutes).
- Co-leaders of the ImPACT Coalition will define the next steps and outline concrete actions to advance the work of the Coalition towards the follow-up of the Pact of the Future and the celebration of the International Conference in 2025
Some of our Speakers:
- Aminata Touré. Prime Minister of Senegal (2013-2014), Member of Club de Madrid.
- José Antonio Ocampo. Co-Director of the Economic and Political Development Concentration in the School of International and Public Affairs, Columbia University. Advisor of Club de Madrid.
- Ambroise Fayolle. Vice president, European Investment Bank.
- Ambassador Mathu Joyini. Permanent Representative of South Africa to the United Nations.
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Aminata Touré
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José Antonio Ocampo
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Ambroise Fayolle
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Ambassador Mathu Joyini
