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High-Level Conference on Financing for Development

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High-Level Conference on Financing for Development HIGH-LEVEL CONFERENCE ON FINANCING FOR DEVELOPMENT AND THE MEANS OF IMPLEMENTATION OF THE 2030 AGENDA FOR SUSTAINABLE DEVELOPMENT 18-19 NOVEMBER 2017 DOHA, QATAR SHERATON HOTEL HIGH-LEVEL CONFERENCE ON FINANCING FOR DEVELOPMENT AND THE MEANS OF IMPLEMENTATION OF THE 2030 AGENDA FOR SUSTAINABLE DEVELOPMENT DOHA, QATAR, 18-19 NOVEMBER 2017 United Nations New York, 2017 United Nations publication Copyright © United Nations, 2017 All rights reserved PREFACE HIGH-LEVEL CONFERENCE ON FINANCING FOR DEVELOPMENT AND THE MEANS OF IMPLEMENTATION OF THE 2030 AGENDA FOR SUSTAINABLE DEVELOPMENT DOHA, QATAR, 18-19 NOVEMBER 2017 To achieve the Sustainable Development Goals (SDGs), we must get the financing right. The Addis Ababa Action Agenda on Financing for Development (Addis Agenda) provides a global framework for financing sustainable development in all its dimensions and is an integral part of the 2030 Agenda for Sustainable Development (2030 Agenda). However, we are facing a challenging global environment characterized by subdued economic growth in many countries, natural disasters, climate change, environmental degrada- tion, humanitarian crises and geopolitical tensions. Multilateralism and international cooperation is more important than ever to deliver the financing that is commensurate with the ambition of the SDGs. In this context, the Government of the State of Qatar and the United Nations Department of Econom- ic and Social Affairs convened a High-level Conference on Financing for Development and the Means of Implementation of the 2030 Agenda for Sustainable Development from 18 to 19 November 2017 in Doha, Qatar. The Conference was the first of its kind, serving as a preparatory event for both the 2018 ECOSOC Forum on Financing for Development follow-up (FfD Forum) and the 2018 High-Level Political Forum on Sustainable Development (HLPF). The innovation of the Conference attracted more than 100 high-level participants from 60 countries across all regions of the world. Ministers of finance and economy, other high-level government officials, as well as representatives from international financial institutions, the private sector, civil society and academia actively participated throughout the two-day event. The Doha Conference was a successful illustration of creating synergies and coherence toward the im- plementation of the SDGs. It brought together finance policy makers and sectoral experts to discuss in- novative approaches to finance the SDGs, in particular those selected for the in-depth review at the 2018 HLPF. It went beyond diagnostics towards finding near and long-term solutions. National experiences and lessons learned from international cooperation featured prominently throughout the discussions. The Conference resulted in 10 “Doha messages”, which will be fed into both the 2018 FfD Forum and the 2018 HLPF. The 2030 Agenda and the Addis Agenda have spurred a shift in how we, as a global community, address development challenges of our economies, environments and societies. The outcome of the Conference illustrated that international cooperation is essential to support national efforts in moving from commit- ment to action. This publication is a useful record of the important dialogues that took place in Doha, with a view to inspir- ing further action and innovation toward financing the SDGs. LIU Zhenmin Alya Ahmed S. Al-Thani Under-Secretary-General for Ambassador Economic and Social Affairs Permanent Representative of the United Nations State of Qatar to the United Nations TABLE OF CONTENTS Foreword .........................................................................................................1 Doha Messages ............................................................................................... 5 Opening of the Conference .............................................................................. 7 Keynote Presentations .................................................................................... 9 Ministerial Round Tables ................................................................................ 11 Ministerial Round Table 1 ..........................................................................13 Ministerial Round Table 2 .........................................................................16 Breakout Session on the means of implementation of the SDGs selected for an in-depth review at the 2018 HLPF ...................................19 SDGs 6 and 7 – Energy and Water ..............................................................19 SDG 11 – Cities ......................................................................................... 22 SDGs 12 and 15 – Sustainable Consumption and Production, and Terrestrial Ecosystems .....................................................................24 Plenary Session on the SDG means of implementation ................................... 27 Thematic Dialogues .......................................................................................31 Overcoming challenges to mobilizing Sovereign Wealth Funds for SDG investments ................................................................................31 The role of development finance institutions in achieving the SDGs – the case of Islamic Finance ..................................................... 35 Closing of the Meeting ................................................................................... 39 Annexes Programme of the Conference ................................................................ 43 Concept Note ..........................................................................................51 Opening Remarks by the Minister of Finance of the State of Qatar ............ 55 Opening Remarks by the Under-Secretary-General for Economic and Social Affairs of the United Nations ............................................. 59 Statement by the Administrator of the United Nations Development Programme ....................................................................................... 63 Statement by the Secretary-General of the United Nations Conference on Trade and Development ................................................................ 67 Presentation by the Deputy Director-General of the World Trade Organization ......................................................................................71 Closing Remarks by the Under-Secretary-General for Economic and Social Affairs of the United Nations ............................................. 75 Closing Remarks by the Secretary-General of the Ministry of Foreign Affairs of the State of Qatar ............................................................... 79 Background Papers Financing sustainable, resilient and inclusive solutions to attain SDGs 6, 7 and 11 ..............................................................81 Financing sustainable, resilient and inclusive solutions to attain SDG 12 ..........................................................................113 Financing sustainable, resilient and inclusive solutions to attain SDG 15 .........................................................................147 Contribution of Islamic Finance to the 2030 Agenda for Sustainable Development ............................................................171 Sovereign Wealth Funds investment in sustainable development sectors ................................................................. 225 FOREWORD The High-level Conference on Financing for Development and the Means of Implementation of the 2030 Agenda for Sustainable Development, hosted by the State of Qatar and organized with the support of the United Nations Department of Economic and Social Affairs, provided an inclusive forum for high-level representatives of Member States, the United Nations system, international and regional financial institu- tions, development banks, civil society organizations and the private sector to discuss how to strengthen coherence and cooperation for the implementation of the Sustainable Development Goals (SDGs). In 2017, the global economy took an overall positive turn. Investments picked up and financial markets became more favorable for development finance. However, these positive trends must not conceal multiple shortfalls that continue to jeopardize the achievement of the SDGs, such as the uneven distribu- tion of the benefits of economic growth and challenges to multilateralism. But the rising momentum of the global economy opens a pivotal window of opportunity to align policies and to channel additional financial resources towards sustainable development. International and regional cooperation has an important role to play in supporting national efforts to realize the 2030 Agenda for Sustainable Development and the Addis Ababa Action Agenda on Financing for Development. To this end, the Conference provided an important space for dialogue among the multiple constituen- cies involved in implementing the two Agendas. The interactive nature of the sessions resulted in direct exchanges between the political and expert levels. During the ministerial round tables, a diverse set of countries from all regions and at different stages of development presented their respective national experiences with the implementation of the SDGs and the Financing for Development outcomes. Special attention was paid to policy and institutional innovations. A number of countries introduced national development strategies that are based on or aligned with the SDGs. Domestic resource mobili- zation was recognized as a continuous challenge
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