Post-Pandemic Assessment of the Sustainable Development Goals
IMF Seminars
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- Post-Pandemic Assessment of the Sustainable Development Goals
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Event overview
- Virtual High-level Event, IMF Africa Training Institute, September 29-30, 2021.
- The developing world was not on track to achieve the Sustainable Development Goals before the COVID-19 pandemic, and the pandemic has made it even more difficult to achieve the SDGs.
- The pandemic has pushed millions into extreme poverty and has shrunk government resources available for development.
- The source states: "Meeting the SDGs will therefore require extraordinary efforts from all stakeholders. Without such efforts, the SDGs will remain out of reach by 2030."
- Roles and responsibilities highlighted:
- Country authorities will need to pursue a very ambitious reform agenda.
- The private sector needs to play a larger role in development.
- Increased donor support and support from multilateral financial institutions will also be needed.
- Registration and participation:
- Event took place on Wednesday, September 29 at 8:30 am ET (and continued September 30, 2021).
- Contact: DRamdawa@imf.org.
- "Once registered, you will receive a Zoom link to join the forum. The same Zoom link & passcode will be used for both days."
Day 1: High-level forum (September 29, 2021)
- Schedule highlights (times in ET):
- 8:30–8:35 am ET — Welcoming Remarks; Abebe Aemro Selassie (Director, African Department, IMF).
- 8:35–8:40 am ET — Opening Remarks; Vitor Gaspar (Director, Fiscal Affairs Department, IMF).
- 8:40–9:55 am ET — Panel Discussion: "The role of policies to advance the SDG agenda," covering:
- (i) structural reform to raise long-term growth and mobilize domestic revenue,
- (ii) policies that can facilitate private sector investment in SDG-related projects,
- (iii) the role of donors and multilateral institutions in both providing financing and capacity development.
- Moderator: Vitor Gaspar (Director, Fiscal Affairs Department, IMF).
- Speakers: Antoinette M. Sayeh (Deputy Managing Director of the IMF); Leonard Rugwabiza (Economic Advisor to the Minister of Finance and Economic Planning, Rwanda); Zainab Shamsuna Ahmed (Minister of Finance of Nigeria); Koen Doens (Director General for International Partnerships of the European Commission).
- 9:55–10:00 am ET — Conclusions and Closing Remarks; Vitor Gaspar (Director, Fiscal Affairs Department, IMF).
Day 2: Technical Session — Workshop on Financing for the SDGs (September 30, 2021)
- Session structure and highlights (times in ET):
- 8:30–8:35 am ET — Opening Remarks; Abdoul Aziz Wane (Director of the Africa Training Institute and AFRITAC South – IMF).
- 8:35–8:40 am ET — Introduction of Speakers by Chair; Abdelhak Senhadji (Deputy Director of IMF Fiscal Affairs Department).
- 8:40–9:25 am ET — Session 1: IMF SDG financing model; Presentation by Dora Benedek and Edward Gemayel (IMF) — 20 minutes.
- IMF staff presented a recent Staff Discussion Note on the Post-pandemic Assessment of the SDGs and a newly developed macroeconomic SDG financing model that underpins the analysis.
- The model is described as flexible and user-friendly and allows the development of coherent development strategies and their financing.
- IMF staff presented how this model can be used to assess SDG financing needs using country case studies.
- Open discussion — 25 minutes.
- 9:25–10:10 am ET — Session 2: Integrated National Financing Framework; Presentation by Elise Hadman (European Commission) and Thomas Beloe (United Nations) — 20 minutes.
- The Inter-Agency Task Force on Financing for Development developed the concept of the Integrated National Financing Framework (INFF).
- The INFF has four building blocks:
- (i) assessments and diagnostics;
- (ii) a financing strategy;
- (iii) monitoring and review systems; and
- (iv) governance and coordination mechanisms.
- EU and/or UN staff presented the INFF framework and discussed progress on pilot cases.
- Open discussion — 25 minutes.
- 10:10–10:55 am ET — Session 3: Private finance for development; Presentation by Luc Eyraud and Adrian Peralta (IMF) — 20 minutes.
- Presentation focus: policies that countries could adopt to attract private financing to alleviate the tension between large development needs in infrastructure and scarce public resources, and to promote a strong and job-rich recovery.
- Open discussion — 25 minutes.
- 10:55–11:00 am ET — Conclusion by Chair; Abdelhak Senhadji (Deputy Director of the IMF Fiscal Affairs Department).
Key messages, findings, and policy recommendations reported at the event
- Findings:
- The developing world was not on track to achieve the SDGs before the COVID-19 pandemic.
- The COVID-19 pandemic has pushed millions into extreme poverty and shrunk government resources available for development.
- Policy recommendations and priorities:
- Pursue a very ambitious reform agenda at the country level to support SDG achievement.
- Mobilize larger roles for the private sector in development and SDG-related investment.
- Increase donor support and support from multilateral financial institutions for financing and capacity development.
- Use the IMF macroeconomic SDG financing model to assess SDG financing needs and develop coherent development strategies.
- Adopt and implement the Integrated National Financing Framework with its four building blocks to finance national sustainable development priorities.
- Event tools and outputs:
- IMF staff presented a Staff Discussion Note on the Post-pandemic Assessment of the SDGs and a macroeconomic SDG financing model.
- Presentations and open discussions aimed to illustrate country case studies and policy options for SDG financing.
Content in this bundle
- French
- Portuguese
- A Post-Pandemic Assessment of the Sustainable Development Goals
- Biographies of Panelists — Day 2
- Biography of Panelists
- French
- Integrated National Financing Frameworks in Africa
- French
- Portuguese
- Mobilizing Private Finance for Development