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VERSION:2.0
PRODID:unctad.org
BEGIN:VEVENT
UID:6a58a89c504ae
DTSTART:20241203T213000Z
SEQUENCE:0
TRANSP:OPAQUE
DTEND:20241202T230000Z
LOCATION:New York\, United States of America
SUMMARY:FFD4 2nd PrepCom side event: Reimagining financing for development 
 - A Sovereign debt architecture for a sustainable future
CLASS:PUBLIC
DESCRIPTION:The global financing system is at a crossroads. The recently ad
 opted Pact for the Future calls for sweeping reforms to the international 
 financial architecture\, aiming to close the gaping Sustainable Developmen
 t Goals (SDGs) financing deficit. Yet\, critical questions remain unanswer
 ed: How can public investment catalyze economic transformation? And how ca
 n trade and investment policies unlock domestic resource mobilization in d
 eveloping economies?Opening remarks: Prudence Kaoma\, Acting Permanent Sec
 retary (Zambia)Moderator: Juan Jose Martinez Badillo (UNCTAD)Speakers:Pene
 lope Hawkins (UNCTAD)Betty Wainaina (NYU)Tetteh Hormeku (Thirld World Netw
 ork Africa &amp\; Civil Society FfD Mechanism) The side event takes a ste
 p to address these issues. It explores how public investment\, when strate
 gically deployed\, can fuel structural economic change\, creating a virtuo
 us cycle of export-led growth\, profitability\, and reinvestment. Equally
 \, the discussion will spotlight the often-overlooked role of global trade
  and investment regimes in fostering an environment where developing count
 ries can thrive and mobilize resources more effectively.The event will map
  out a comprehensive framework to scale up sustainable development finance
 . Key points of discussion include:Reshaping Global Rules: How multilater
 al trade and investment frameworks can better support structural transform
 ation in the Global South.Reforming Debt Metrics: Why Debt Sustainability 
 Analysis must evolve to reflect long-term developmentTackling Inequities i
 n Borrowing Costs: Addressing the stark financing disparities that penaliz
 e developing nations.Creating a Global Safety Net: The case for robust\, i
 nclusive mechanisms to shield vulnerable economies from shocks.This sessio
 n aims not just to diagnose the problem but to craft actionable solutions 
 that align global finance with the SDGs\, offering a path toward a more eq
 uitable and sustainable future.A UN ground pass is required to attend the 
 event.Additional information on the Second Preparatory Committee Session f
 or FfD4 can be found here.https://financing.desa.un.org/preparatory-proces
 s-ffd4/second-prepcom\n\nView meeting on unctad.org\nhttps://unctad.org/me
 eting/ffd4-2nd-prepcom-side-event-reimagining-financing-development-sovere
 ign-debt-architecture
DTSTAMP:20260716T094708Z
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