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The FEMM Action Plan - Supporting the BPOA+10 Preparatory Process John Low Resources Adviser

The FEMM Action Plan - Supporting the BPOA+10 Preparatory Process John Low Resources Adviser. What is FEMM?. An annual meeting of Economic Ministers of Forum member countries Held since 1997, previously a meeting of Forum Finance Ministers Participants - Treasurers, Finance Ministers ...

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The FEMM Action Plan - Supporting the BPOA+10 Preparatory Process John Low Resources Adviser

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  1. The FEMM Action Plan -Supporting the BPOA+10Preparatory ProcessJohn LowResources Adviser

  2. What is FEMM? • An annual meeting of Economic Ministers of Forum member countries • Held since 1997, previously a meeting of Forum Finance Ministers • Participants - Treasurers, Finance Ministers ... • But broad agenda - issues related to economic reform • Outcome is the Forum Economic Action Plan (FEAP)

  3. Relevance of FEMM to BPOA+10 • Objective: “to support the Forum member’s pursuit of sustainable development through developing appropriate economic policy frameworks and sharing country experiences” • FEAP key document for regional direction on economic policy issues • FEMM has touched upon issues core to WSSD & BPOA including: • sustainable development, social impacts of economic policy, and environmental vulnerability

  4. Why the interest of Economic Ministers? Ministers are aware that: • declining environmental conditions adversely affect economic performance & living standards • SD principles in national economic policy & planning processes allows growth & poverty alleviation benefits to be fully reaped • SD provides economic benefits - including maintenance of traditional knowledge and practices, and tourism benefits

  5. Input to FEMM Outcomes • FEMM Chair attended SPREP Ministerial in 2002 • Events held in the lead up to FEMM 2003: • MDG workshop (March 2003) • Economic Planning and Policy & Sustainable Development workshop (March 2003) • Ministerial discussion session - Economic & Social Development & the Environment (10 June 2003) • FEMM • 11-12 June 2003, Majuro, RMI

  6. Some common themes • Support for integrated planning • mainstream economic, social, and environmental objectives • focusing all efforts on sustainable development • integration of the MDGs into national planning and budget processes • Analysis informs planning - policy impacts, institutional arrangements, admin. procedures • Ownership of plans • political, incl. all areas and levels of government • wide consultation with civil society

  7. Some common themes (cont’d) • Monitoring performance / results focus • increased accountability/ strengthen democratic processes • country indicators of progress • improvement in data quality and coverage • Improving the development process • MDGs create opportunity to widen stakeholding in development • MDGs will initiate a wider debate and community involvement

  8. Making plans work better • Link to budgetary processes and to legislative/ regulatory structures • Persuasive and well-prioritised plans ensure allocation of resources • National ownership • Capacity building

  9. FEMM 2003 Outcomes Ministers: • encouraged integration of sustainable development principles into national economic & development policy & planning processes. • requested a regional analysis national planning frameworks with a view to highlighting mechanisms for integration & mainstreaming of sustainable development.

  10. THE END THANK YOU FOR YOUR ATTENTION

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