2015 is a momentous year for the United Nations and the world. Starting with the endorsement of the Third International Conference on Financing for Development in Addis Ababa, a new and fresh impetus been provided to mix of financing, investment flows and science, technology and innovation (STI) for development.
The private sector, by virtue of its contribution to growth, employment and innovation, has both the acumen and potential to respond to the challenges of sustainable development. The advice and inputs of the private sector were valuable in the shaping of the Sustainable Development Goals, or SDGs, in the new framework for financing for development agreed to this year in Addis Ababa, and for the anticipated new binding global agreement on climate by the end of the year.
Presentation of the 2015 Asia-Pacific Trade and Investment Report.
Our region’s increasing global significance is well reflected in its urbanization. It is the epicenter of global urban trends, with no signs of growth halting or reversing. The region has the three largest cities in the world and 10 of the world’s largest 15. The great scale of its urbanization will go well beyond megacities alone, with China expected to have 221 and India 33 cities of more than one million people by 2025. How our region manages its urban transitions therefore has implications for the whole planet. We must succeed in addressing these challenges – and we must share that story.
There is, across the board, a need for a strong and cohesive multi-stakeholder voice on the challenges that confront us. While awareness of the problems associated with the region’s urban transformation is important, we also must look firmly towards solutions and an agenda focused on implementation.
ESCAP champions the power of partnerships to enable countries to harness the data revolution.
Global partnership is a key mechanism for supporting implementation of the 2030 Agenda for Sustainable Development. There needs to be a recognition that the Millennium Development Goal framework for partnership (MDG8) did not effectively enable the MDGs and is even less sufficient for the more holistic Sustainable Development Goals (SDGs). Global partnerships must be structured to go beyond the historical official development assistance (ODA) compact and other traditional financing approaches.
Islamic finance not only offers an alternative source of financing for sustainable development activities and projects but also has inherent characteristics and principles that lend themselves well to catalysing and promoting sustainable development.
Since the establishment of the G20, the Secretary General has led the United Nations Development System (UNDS) in supporting and mutually reinforcing the complementarity of United Nations and G20 priorities and initiatives. In my intervention I propose to offer four observations.