Can Private Sector Really Deliver Financing for Sustainable Development?

  • Date: 14 July 2015, 3:30pm - 6:00pm
  • Location: Elilly Gada Hall

Organised by

Organised by

  • Addis Ababa CSO Coordinating Group
  • Women Working Group on FfD

Co-sponsored by

  • Bread for the World
  • Third World Network
  • Oxfam
  • EURODAD
  • Christian Aid
  • Act Alliance
  • Public Services International
  • Latindadd
  • Society for International Development
  • WWF

Summary

Private finance and business activities are being promoted as major sources of development financing, but little is known of FDI or portfolio flows and their sustainable development impact. With a greater role comes also a sense of accountability and impacts assessments as poorly regulated private finance and business activities can lead to increased inequality, adverse impact for the poorest, especially women and the most vulnerable people. Additionally, private sector companies are also benefiting from development cooperation funds, but assessments of publicly-backed private finance have shown the lack of impact. Indeed in both areas there is an urgent need for international regulation, accountability frameworks and impacts assessments linked to human rights frameworks and sustainable development principles.

This session will promote an open discussion among civil society organisations from Southern and Northern countries, government representatives, and private sector actors with the objective of: a) Raising awareness of the implications of the current trend with regards to the increasing role of private finance and business activities in development financing, and b) Providing inputs and strengthening initiatives of like-minded governments in the follow of the Addis Ababa Conference on Financing for Development.

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