#PrepCom3

Earth Negotiations Bulletin

@enb.iisd.org

1 year ago

3rd Session of the Preparatory Committee for the 4th International Conference on FfD

Co-Chair Rui Vinhas, Portugal

Co-Chair Zéphyrin Maniratanga, Burundi

Stakeholders at #PrepCom3 completed their first full reading of the zero draft of the outcome document for #FfD4, focusing on issues from illicit financial flows and reform of international financial institutions to corruption, ODA, and debt

Summary ➡️ enb.iisd.org/precom3-inte...

#FfD #sustdev

Earth Negotiations Bulletin

@enb.iisd.org

1 year ago

Delegates at #PrepCom3 for #FfD4 concluded a full reading of the Zero Draft of the Outcome Document on Friday, with discussions on science, technology and innovation, and data, monitoring and what comes next

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#SDGs #sustdev #finance #FfD

Earth Negotiations Bulletin

@enb.iisd.org

1 year ago

At #PrepCom3 for #FfD4, the Outcome Document Co-Facilitators outlined the roadmap towards revising the document, noting that a revised draft outcome document will be circulated in early March ahead of the first intersessional meeting, where delegates will engage in line-by-line negotiations.
#SDGs

Earth Negotiations Bulletin

@enb.iisd.org

1 year ago

At #PrepCom3 for #Ffd3, delegates are considering the last section of the zero draft of the FfD4 outcome document: #data, #monitoring and follow up.
Data plays a pivotal role for countries striving to achieve the #SDGs.

Earth Negotiations Bulletin

@enb.iisd.org

1 year ago

At #PrepCom3 for #Ffd4, delegates are discussing elements related to #science, #technology and #innovation, providing suggestions to strengthen language on issues such as #artificialintelligence for meeting the #SDGs, and financing for digital infrastructure in developing states.
#AI #Pact4theFuture

Earth Negotiations Bulletin

@enb.iisd.org

1 year ago

At #PrepCom3 for #FfD4 on Thursday, delegations debated options to address debt sustainability, with many developing countries supporting a proposal to establish a multilateral sovereign debt mechanism

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#FfD #sustdev #finance

Earth Negotiations Bulletin

@enb.iisd.org

1 year ago

Delegates attending #PrepCom3 for #FfD4 have initiated discussions on how best to address systemic issues, including increasing #inequalities, extreme #poverty, risks of spillover effects of macroeconomic policies and financial crises to developing countries, and a widening financing divide.

Earth Negotiations Bulletin

@enb.iisd.org

1 year ago

In their discussions on debt and debt sustainability, delegates at #PrepCom3 for #FfD4 heard from the Alliance of Small Island States (AOSIS) who noted that debt relief is a matter of justice and human dignity.

📷 Ehud Neuhaus, Unsplash

Earth Negotiations Bulletin

@enb.iisd.org

1 year ago

At #PrepCom3 for #FfD4, delegates are set to embark on discussions related to #debt and debt sustainability, considering if and how to reform the current global debt architecture.

Earth Negotiations Bulletin

@enb.iisd.org

1 year ago

SDG symbols

Co-Facilitator Kaushal Kishor Ray, Nepal

3rd Session of the Preparatory Committee for the 4th International Conference on Financing for Development

In their talks on international development cooperation at #PrepCom3 for #FfD4, several delegations cautioned against rolling #climate finance into #ODA, underscoring the need for new and additional finances to ensure resilience to climate shocks

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#finance #SDGs

Earth Negotiations Bulletin

@enb.iisd.org

1 year ago

At #PrepCom3 for #FfD4, delegates have opened discussions on international #trade as an engine for #development, which has close links with various discussions under the World Trade Organization, including related to the import and export of food products, among many other issues.
#WTO
#SDGs

Earth Negotiations Bulletin

@enb.iisd.org

1 year ago

At #PrepCom3 for #FfD4, while South Africa stressed that “ODA is fuel for the engine we are trying to create here,”
the US noted they are not committed to the 0.7% ODA target and opposed any references to financing for #climate, #biodiversity, and ecosystems.
#SDGs

Earth Negotiations Bulletin

@enb.iisd.org

1 year ago

At #PrepCom3 for #Ffd4, delegates are discussing international development cooperation, considering issues such as #ODA, #climatefinance, and development cooperation architecture. Developed countries once committed to 0.7% of their GNI towards development assistance.
#SustainableDevelopment #SDGs

Earth Negotiations Bulletin

@enb.iisd.org

1 year ago

At #PrepCom3 for #FfD4, delegates are continuing discussions on domestic and international private business and #finance towards meeting the #SDGs. Can the private sector be compelled to invest in least developed countries?

Earth Negotiations Bulletin

@enb.iisd.org

1 year ago

PrepCom3

Delegates

Co-Facilitator Merete Fjeld Brattested, Norway

At #PrepCom3 for #FfD4, delegates focused on sections of the zero draft of the outcome document related to mobilizing domestic public resources, holding talks on global #tax cooperation as well as how best to prevent illicit financial flows

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Earth Negotiations Bulletin

@enb.iisd.org

1 year ago

#PrepCom3 for #FfD4 delegates have turned their attention to discussions on domestic and international private business and #finance, with some noting the private finance can not and should not replace official development assistance.

Earth Negotiations Bulletin

@enb.iisd.org

1 year ago

At #PrepCom3 for #FfD4, delegates are discussing text related to international #tax cooperation and innovative taxes, as well as illicit financial flows, with many delegations welcoming the ongoing discussions towards a UN Framework Convention on International Tax Cooperation.

Earth Negotiations Bulletin

@enb.iisd.org

1 year ago

At #PrepCom3 for #FfD4, delegates have reconvened to continue discussions on the Zero Draft of the Financing for Development Outcome Document, providing comments on a section on realizing #SustainableDevelopment, with several calling for additional language on #financing for #peace.

European Network on Debt and Development - Eurodad

@eurodadnews.bsky.social

1 year ago

What should be achieved in FFD4? A civil society checklist for Member States. Agree on a UN Framework Convention on Tax Cooperation to comprehensively address tax havens, tax abuse by multinational corporations and other illicit financial flows. csoforffd.org

It's tax day at @un.org #PrepCom3. *️⃣ The "Fiscal systems & sustainable development" section in #FfD4 zero draft needs to be reoriented towards int'l #TaxCooperation. Let’s tackle tax injustice at the global level! #UNTaxConvention
➡️ ow.ly/jbzv50UWUhR @gatj.bsky.social

Earth Negotiations Bulletin

@enb.iisd.org

1 year ago

Amina Mohammed, Deputy Secretary-General, UN, addressing the plenary

Norma Salomé Munguía Aldaraca, Director General for Global Affairs, Ministry of Foreign Affairs, Mexico; Sergio Colina Martín, Director-General for Sustainable Development Policies, Ministry of Foreign Affairs, European Union and Cooperation, Spain; and Co-Chair Rui Vinhas, Portugal

Delegates

At #PrepCom3 toward #FfD4 before reviewing the “zero draft” of the outcome document on Monday, delegates called for rebuilding trust and solidarity in the current geopolitical climate, underlining finance is the fuel needed to deliver on the #SDGs

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#FfD #finance

Earth Negotiations Bulletin

@enb.iisd.org

1 year ago

Delegates at #PrepCom3 towards #FfD4 begin providing comments on the Zero Draft of the Ffd4 Outcome Document, initiating discussions on a "global financing framework." Country comments are focused on the need to reform the international financial architecture.