This is an official side event of the 2023 UN Financing for Development Forum.
With the multiple challenges including the COVID-19 pandemic and climate change, development progress is not on pace to achieve the Sustainable Development Goals (SDGs) by 2030. To meet the increasing financing needs, development co-operation needs to become more impactful in accelerating development progress and SDG implementation while leaving no one behind.
The IATF report to be launched at the UN Financing for Development Forum further highlights that changes in the financing for development landscape call for a stronger shared understanding of how the development effectiveness agenda can inform policy and action at the country level through better targeting and prioritization of limited resources.
The 2022 Effective Development Co-operation Summit of the GPEDC in Geneva provided a platform for leaders to further the thinking and actions needed to modernize the interpretation of the principles of development co-operation effectiveness, in line with the changing landscape and emerging global trends and challenges. It emphasized the critical role of development co-operation in increasing available development finance and ensuring its effective use where it matters most. The Summit launched a new way of monitoring that fosters country-level dialogue and action by providing new data, evidence, and results on how to do development co-operation better to deliver for the 2030 Agenda.
Evidenced by the Global Partnership-supported Action Dialogues in 2021 and 2022, a Special Report launched recently shed light on key trends in the effective development co-operation space. First, official finance providers, implementing entities and partnerships have proliferated leading to a more fragmented and complex global aid architecture, straining partner countries’ capacities. Second, multiple, overlapping crises are undermining progress across the 2030 Agenda and driving up countries’ financing needs. Lastly, development actors made only limited progress towards their development effectiveness commitments, which erodes trust and mutual accountability and undermines the open dialogue that would allow them to forge better partnerships in a constantly evolving development landscape.
This side event will put a spotlight on monitoring the effectiveness of development co-operation as a vehicle to promote collective accountability and drive multi-stakeholder dialogue, behavior change and action – ultimately contributing to improved development impact amidst today’s challenges. The new monitoring exercise of the Global Partnership for Effective Development Co-operation, launched at the 2022 Ministerial Summit, provides a key opportunity to do so for governments and other development co-operation stakeholders, including development partners, the private sector, civil society, foundations, parliaments, trade unions and sub-national governments.
The new exercise provides evidence on progress made by development co-operation stakeholders in implementing effectiveness commitments. Monitoring findings aim to inform evidence-based multi-stakeholder dialogues to advise governments and partners on their joint actions to achieve the SDGs.
In their contributions, various panelists covering a range of perspectives (recipient country, provider country, recipient and provider country, multilateral organization, civil society organization) will be asked to reflect on the following topics:
- Key challenges to enhancing the effectiveness of development co-operation (with a focus on increasing available development finance and ensuring its effective use)
- The value of the new Global Partnership monitoring exercise to support the identification of and action-oriented dialogue on tackling those challenges
- Important factors for the monitoring exercise to succeed in driving behavior change and action towards more effective development co-operation
- Ms. Ulrika Modéer, Director, Bureau of External Relations and Advocacy, UNDP
- H.E. Mr. Sangjin Kim, Deputy Permanent Representative, Republic of Korea Mission to the UN, Republic of Korea
- H.E. Dr. Slamet Soedarsono, Senior Expert Planner, Ministry of National Development Planning/Bappenas, Indonesia
- H.E. Mr. Luis Madera, Vice Minister for Planning and Public Investment in the Ministry of Economy, Planning and Development, Dominican Republic
- H.E. Ms. Charlotta Schlyter, Ambassador, Swedish Mission to the UN, Sweden
- Mr. Luca De Fraia, Co-Chair of the CSO Partnership for Development Effectiveness (CPDE) and Deputy Secretary General, ActionAid Italy