Civil Society Financing for Development Mechanism (CS FfD) is at the LDC5 Conference which is being held in Doha, Qatar from 5-9 March in Doha, Qatar. The Office of the High Representative for Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (OHRLLS) is the UN’s focal point for LDC5 Conference preparations.
No further negotiations will be held at this time as the Doha Plan of Action was adopted in 2022. There are numerous points where the LDC 5 process and the Financing for Development agenda overlap. Read the CS FfD Mechanism’s (formerly CS FfD Group) inputs to the zero draft where we highlighted that the outcome document should include concrete commitments to establish global norm-setting processes on issues of global finance at the United Nations, the only legitimate and inclusive space for LDCs are represented.
Photo Credit: CS FfD Mechanism (formerly CS FfD Group)
At LDC5, the CS FfD Mechanism also organized the 3rd plenary session of the CSO Forum focused on global financial architecture called ‘Financial Architecture & Policy Reforms: critical opportunities for LDCs’. The session explored critical opportunities, in terms of financial architecture and systemic policy reforms, which might be offered to LDC Countries by the process leading to the Fourth Financing for Development Conference scheduled in 2025.
Moderation: Luisa Emilia Reyes, Equidad de Genero and Women’s Working Group on FfD
Introduction: Bodo Ellmers, Global Policy Forum, summarizing the findings from the research report “Financing for Development in the Least Developed Countries. Needs, challenges and the Doha Programme of Action“
Round of thematic assessments:
- Tackling Illegitimate and Unsustainable Debt – Lidy Nacpil, Asian People’s Movement on Debt and Development (APMDD)
- Systemic governance reforms for tax justice and illicit financial flows – Dereje Alemayehu, Global Alliance for Tax Justice (GATJ)
- Systemic and conjunctural challenges for socio-economic justice policies – Rodolfo Bejarano, Latin American Network for Economic and Social Justice (LATINDADD)
- Rethinking approaches to Official Development Assistance – Vitalice Meja, Reality of Aid Africa (ROA Africa) [Not present at the forum as he was unable to obtain visa]
- Trade & development challenges for LDC countries – Jane Nalunga, The Southern and Eastern African Trade Information and Negotiations Institute (SEATINI)
- Reforms of International Financial Institutions and a New Financial Architecture- Jason Braganza, African Forum and Network on Debt and Development (AFRODAD)
Closing Remarks: Stefano Prato, Society for International Development (SID)
Photo Credit: CS FfD Mechanism/SID
Highlights from the session