1 / 19

MDG Summit Keeping the Promise Will we? And if we do, will it be good enough?

MDG Summit Keeping the Promise Will we? And if we do, will it be good enough?. Rob Vos United Nations Policy Coherence for Development Paris, 1 October 2010. Main outcomes MDG Summit.

addo
Download Presentation

MDG Summit Keeping the Promise Will we? And if we do, will it be good enough?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. MDG SummitKeeping the PromiseWill we? And if we do, will it be good enough? Rob Vos United Nations Policy Coherence for Development Paris, 1 October 2010

  2. Main outcomes MDG Summit • Reaffirmation of all MDG commitments and need coherence with other agendas (e.g. sustainable development, FFD) • Support scaling up of successful policies: • Importance of national development strategies and ownership • Strengthened global partnerships • Follow up and improved accountability through ECOSOC and DCF and strengthening of monitoring systems

  3. National policy coherence for the MDGs • Summit recommendation: • Encourage all countries to design, implement and monitor national development strategies. • Pursue MDGs in holistic and comprehensive way • UN to support in design national development strategies at country request

  4. MDGs and national policy coherence • World Economic and Social Survey 2010: no one size fits all, but successful experiences suggest seeking coherence in terms of: • Broad approach to macroeconomic policies, main focus on full employment • Agricultural development is key • Adequate priority to infrastructure investment • Align macroeconomic policy incentives with industrial policies • Demands of sustainable development overarching in setting priorities for agriculture and industrial policies, infrastructure and energy development • Social policy itself needs to be coherent (universal social floor as basis) • No successful national strategy without enabling global environment(aid, trade, debt relief, technology transfer)

  5. ODA: Summit Recommendations • Recommit to the United Nations “0.7%” aid target, implies roughly doubling of aid flows (via annual increments of $35 billion) by 2015 • Deliver to priority country groups • Deliver on aid effectiveness • Expand development cooperation among developing countries

  6. MDG Summit recognized Gleneagles targetswill not be met • Expected aid shortfall in 2010 (in 2009 dollars): • $20 billion for total ODA • $16 billion for ODA to Africa

  7. Yet, at Summit UN Members committed to deliver 0.5% of donor GNI in ODA by 2010

  8. HLPM reconfirms target of Aid to LDCs

  9. Making aid more effective Some progress in: • Alignment of technical assistance with country programmes • Untying of aid • Strengthening of public financial management systems Less progress in: • Donor use of recipient country systems • Predictability of aid flows • Reducing transaction costs of providing aid MDG Summit Outcome: • Strong commitment to more budget support and less policy conditionality • Role of DCF in strengthening mutual accountability

  10. Aid effectiveness and MDG summit • Some unresolved issues of incoherence: • More earmarking of aid and more vertical funding versus need for more budget support • Additionality of aid for food security and climate (if not additional, the issue will be adequacy) • Role of innovative sources of financing in reforming the aid architecture • Alignment with other sources of financing • Role of aid in global rebalancing (“net transfer problem”)

  11. TRADE: key MDG Summit recommendations • Intensify efforts to conclude a development-oriented Doha Round • Accelerate full implementation of DFQF market access • Eliminate agricultural (export) subsidies (and all measures with equivalent effect) by end 2013 • Strengthen Aid for Trade

  12. Large gap remains in providing duty free access

  13. Agricultural subsidies in developed countries remain high Total agricultural support in OECD countries

  14. Aid for trade increased 35 percent, reaching a record level of $42 billion

  15. Some key coherence issues in TRADE • “Aid for trade” versus NDS’s and budget support • Address inequities in “Aid for Trade” • Ensure DFQF market access is a “win” situation for beneficiary countries • Ensure Doha Round aligning of preference schemes is a “win” for all LDCs • Broader issues: see WESS 2010

  16. DEBT SUSTAINABILITY: key MDG Summit recommendations • Offer option of moratoria to countries affected by emergency situations • Provide ODA in grant form to low-income countries • Set up schemes of independent arbitration or mediation, or organizing ad hoc meetings of a debtor with its creditors • Extend and re-open eligibility to participate in the HIPC Initiative • Convene a multi-stakeholder expert group on sovereign debt workout mechanism

  17. Countries in debt distress or at high risk of distress

  18. Some key coherence issues in DEBT • Financing of MDG strategies and debt sustainability • Additionality of debt relief to ODA commitments • Sovereign debt workout mechanism with financial safety nets, compensatory financing, and new financial regulation

  19. Can the promise be kept? • No major new commitments • Commitments for global partnerships no tall order economically speaking; political will needs to be shown in actions • Taller order is moving towards sustainable rebalancing of global economy

More Related