Summit of the Future Action Days: ImPACT Coalition for International Financial Architecture -Financing for Development (IFA-FfD)

Pact for the Future and Beyond: Towards the 4th International Conference of Financing for Development

Summit of the Future Action Weekend | Side Event hosted by the International Financial Architecture (IFA) Reform and Financing for Development (FfD) Impact Coalition

Date: Saturday – 21 September 2024

Time: 13:00-14:15

Location: UN Headquarters, Room CR11, 405 E 45th St, New York, NY 10017, United States.

The side event “Pact for the Future and Beyond: Towards the 4th International Conference on Financing for Development” aims to create a platform for dialogue and reflection on the progress made under the Pact for the Future, particularly in the areas of international financial architecture (IFA) reform and financing for development.

Bringing together key stakeholders, including representatives from Member States, the UN system, and civil society organisations, the session will assess the state of commitments made in the Summit of the Future, identify areas requiring further attention, and discuss strategies for the upcoming 4th International Conference on Financing for Development (4FfD) in 2025. By fostering collaboration and exchange, the event seeks to align efforts towards building a sustainable and resilient global financial system.

Organized by the ImPACT Coalition on International Financial Architecture Reform and Financing for Development (IFA-FfD), the Governments of Spain and South Africa, UN DESA, UN Habitat, and ECLAC, this session builds on the Coalition’s work in supporting the UN’s multilateral agenda, including the Summit of the Future (SoTF). Co-led by Club de Madrid and the Global Public Investment Network, and comprising over 60 civil society organizations and Member States, the Coalition is committed to advancing discussions on financing for development, resilience, and climate action. This side event will provide an opportunity to review key achievements, engage stakeholders in formulating follow-up strategies, and highlight the critical role of civil society in shaping a more equitable and inclusive financial architecture ahead of the 2025 conference.

Agenda:

PART 1: Progress made under the Pact for the Future (15´)

Opening remarks

● Sofía Martinez, Global Policy Director, Green Economy Coalition, Representative of the ImPACT Coalition IFA-FfD (Moderator)

● Member of Club de Madrid, Co-Lead of the ImPACT Coalition IFA-FfD (TBC)

Interventions from Member States

● Eva Granados Galiano, Secretary of State of International Cooperation, Ministry of Foreign Affairs, European Union and Cooperation of Spain

● Nicolás Albertoni, Deputy Minister of Foreign Affairs of Uruguay, WYDE Network

● Ambassador Mathu Joyini, Permanent Representative of South Africa to the United Nations

● Representative from Portugal (TBC)

● Karin Costa Vazquez, General Coordination for Multilateral Develops Bank Reform, Brazilian G20 Presidency

(Rationale: Representatives from Member States provide their perspectives on the achievements and progress made under the Pact for the Future and their expectations on 4FfD and G20 South Africa)

PART 2: Presentation of UN System and Impact Coalition Members (55´)

● Li Junhua, Under-Secretary General for Economic and Social Affairs (UN DESA)

● Rebeca Grynspan, Secretary-General, UN Trade and Development (UNCTAD)

● Anaclaudia Rossbach, Under-Secretary-General and Executive Director of United Nations Human Settlements Programme (UN-Habitat)

● José Manuel Salazar-Xirinachs, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC)

● Maria Fernanda Espinosa, President of the General Assembly for the 73rd session, Club de Madrid Advisor

● Ambroise Fayolle, Vice president, European Investment Bank (TBC)

● José Antonio Ocampo, Co-Director of the Economic and Political Development Concentration in the School of International and Public Affairs, Columbia University, Club de Madrid Advisor

● Maiara Folly, Executive Director of Plataforma CIPÓ and Lead Co-Chair of the T20

● Tom Mitchell, IIED Executive Director Task Force on Sustainable Climate Action and Inclusive Just Energy Transitions

● Solange Baptiste, Executive Director, International Treatment Preparedness Coalition (ITPC)

● Pauliina Murphy, Engagement and Communications Director, World Benchmarking Alliance

● Giovanna Kuele, Program Manager for International Cooperation, Igarapé Institute

(Rationale: Representatives from the UN System leading the FfD Agenda and Member of the ImPACT Coalition share their hopes and expectations on the process leading to the 4FfD)

PART 3: Next Steps (5´)

● Wanjiru Kanyiha, Network Coordinator at Global Public Investment, Co-Lead of the ImPACT Coalition IFA-FfD

● Member of Club de Madrid, Co-Lead of the ImPACT Coalition IFA-FfD