A New Financial Architecture for Localizing FfD: A Critical Dimension to the Implementation of the Post-2015 Development Agenda

  • Date: 13 July 2015, 6:15pm - 7:45pm
  • Location: Intercontinental Warka

Organised by

French Government and the Global Taskforce of Local and Regional Governments

Summary

“Many of the investments to achieve the SDGs will take place at the sub-national level and be led by local authorities.” (UNSG Synthesis Report). The global organizations of local and regional authorities, together with the governments of France, have been working on mechanisms for mobilizing funding to provide infrastructure and services in urban areas and territories. Cities and territories are the places where people live, where prosperity is generated and opportunities to tackle poverty are. Unlocking the developmental potential of urban areas and territories cannot be ignored as a central contribution to finance and to ensure the implementation of the Post-2015 Agenda. Massive public and private investments of trillions of dollars will be necessary to improve access to basic services and infrastructures in cities, to improve their resilience and environmental impact and to prepare them to host 2.5 billion new urban residents over the next three decades, in particular in developing countries. The side event will put the emphasis on the need of strong legal and institutional framework especially in term of fiscal reforms, on access to alternative sources of funding for long-term investments (loans, financial markets, public private partnerships…), as long as capacities buildings issues.

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Contact

For inquiries regarding this side event, please contact

Engage