Investing in the SDGs

Lack of fiscal space and the risk of sovereign debt distress have come into sharp focus as key stumbling blocks to achieving the 2030 Agenda as countries seek to invest in recovery, climate action and the SDGs while maintaining sustainable debt levels. The dedicated session on financing will be geared to advance the dialogue on how to achieve these policy objectives against the backdrop of the COVID-19 recovery and global efforts to get back on track in achieving the SDGs.

The session will explore concrete policy recommendations that can catalyse investments into the SDGs within the context of pressing debt sustainability challenges faced by developing countries across the globe.

Proposed guiding questions:
  • What innovative financing and debt instruments can unlock investment in the SDGs in the context of limited fiscal space, including in countries with special situations?
  • What steps in addition to the G20 Debt Service Suspension Initiative and Common Framework are needed to improve debt sustainability and free up resources for investments in the SDGs?
  • What measures can strengthen global debt sustainability in the long term, including changes to the international debt architecture?
  • What role can the private sector play to channel investments towards the investment in the SDGs and contribute to closing the financing gap in developing countries?
Chair:
  • H.E. Mr. Sergiy Kyslytsya (Ukraine), Vice President of ECOSOC

Interactive panel discussion

Moderator:
  • Mr. Homi Kharas, Senior Fellow and Deputy Director for the Global Economy and Development program, Brookings Institution
Panellist/Resource persons:
  • Ms. Alicia Barcena, Executive Secretary of ECLAC
  • Ms. Joyce Chang, Managing Director and Chair, Global Research, JP Morgan
  • Ms. Anna Gelpern, Professor at Georgetown University and a non-resident senior fellow at the Peter G. Peterson Institute for International Economics.
Lead discussants:
  • Ms. Nina Angelovska, global UNCTAD advocate for Women in eTrade and former Minister of Finance of North Macedonia
  • Mr. Jason Rosario Braganza, Executive Director at The African Forum and Network on Debt and Development (AFRODAD) (Civil Society Financing for Development Group)
Respondent:
  • H.E. Ms. Jutta Urpilainen, European Commissioner for International Partnerships
  • H.E. Ms. Rania Al-Mashat, Minister for International Cooperation, Egypt
  • H.E. Mr. Naadir Hassan, Minister for Finance, Economic Planning and Trade, Seychelles
Biographies
H.E. Mr. Naadir Hassan
Minister for Finance, Economic Planning and Trade, Seychelles
H.E. Mr. Naadir Hassan

Minister for Finance, Economic Planning and Trade, Seychelles

Minister Naadir Nigel Hamid Hassan was appointed Minister for Finance, Economic Planning and Trade on 3rd November 2020. After 14 years at CBS (Central Bank of Seychelles ), in July 2020, he moved to Cable and Wireless Seychelles as Chief Digital and Risk Officer. Minister Hassan was part of the Finance team that initiated discussions to start the process of joining the World Trade Organisation (WTO) and also trade agreements with European Union. He also initiated the process for significant liberalization of tariffs. He was on the CBS technical team working on the 2008 economic reform programme which was supported by International Monetary Fund (IMF). Minister Hassan has also formed part of numerous High-Level committees at the Central Bank responsible for monetary policy and implementations, international reserves investments and management, risk management and human resources policy development. He was the Chairman of the Financial Sector Development Technical Committee at CBS and was Vice-Chairman of the Southern African Development Community (SADC) sub committee on banking supervision.

H.E. Ms. Jutta Urpilainen
European Commissioner for International Partnerships
H.E. Ms. Jutta Urpilainen

European Commissioner for International Partnerships

As European Commissioner for International Partnerships, Ms Jutta Urpilainen oversees the European Commission’s work on international cooperation and sustainable development. Before joining the Commission, Ms Urpilainen served as a Member of the Finnish Parliament from 2003 to 2019. In 2008, she became the first woman leader of the Social Democratic Party of Finland. From 2011 to 2014, she served as Finland’s Deputy Prime Minister and Finance Minister. During that time, she became closely involved in development issues, joining the Development Committee of the World Bank Group and IMF and chairing the Finnish National Commission on Sustainable Development. She served as the Foreign Minister’s Special Representative on Mediation (2017-19) and chaired the Finnish National Commission for UNESCO (2015-18).​

H.E. Ms. Rania Al-Mashat
Minister for International Cooperation, Egypt
H.E. Ms. Rania Al-Mashat

Minister for International Cooperation, Egypt

Dr. Al-Mashat has been Egypt’s Minister of International Cooperation since December 2019. Prior to this appointment, she was the first woman to serve as Egypt’s Minister of Tourism between January 2018 and December 2019. Previous positions included Advisor to the Chief Economist of the International Monetary Fund (IMF), Sub-Governor for Monetary Policy at the Central Bank of Egypt, and Senior Economist at the IMF. The Ministry of International Cooperation oversees an active partnerships portfolio exceeding USD25 billion and is mandated to strengthen Egypt’s inclusive multilateral, regional and bilateral engagement with development partners, governments, global policy makers, the United Nations, private sector, and civil society to deliver the National Economic Agenda, consistent with the UN SDGs, aimed at achieving a circular economy.​

Mr. Homi Kharas
Senior Fellow and Deputy Director for the Global Economy and Development program, Brookings Institution
Mr. Homi Kharas

Senior Fellow and Deputy Director for the Global Economy and Development program, Brookings Institution

Homi Kharas has served as the lead author and executive secretary of the secretariat supporting the High-Level Panel, advising the U.N. Secretary General on the post-2015 development agenda (2012-2013). His most recent co-authored/edited book is "Leave No One Behind" (Brookings Press, 2019), "From Summits to Solutions: Innovations in Implementing the Sustainable Development Goals”. He has published articles, book chapters, and opinion pieces on global development policy, global trends, the global food crisis, international organizations, the G20, the DAC, and private philanthropy.​

Ms. Alicia Bárcena
Executive Secretary of ECLAC
Ms. Alicia Bárcena

Executive Secretary of ECLAC

Ms. Bárcena assumed office as the Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC) on 1 July 2008. She had previously served as the Under-Secretary-General for Management at United Nations Headquarters in New York, Chef de Cabinet and Deputy Chef de Cabinet to the former Secretary-General, Mr. Kofi Annan.​

Alicia Bárcena held the post of Deputy Executive Secretary and Director of ECLAC's Environment and Human Settlements Division. Prior to her time at ECLAC, Ms. Bárcena served as Co-ordinator of the Latin American and Caribbean Sustainable Development Programme of the United Nations Development Programme (UNDP), responsible for the Environmental Citizenship Project at the United Nations Environment Programme (UNEP).​

Ms. Anna Gelpern
Professor at Georgetown University and a non-resident senior fellow at the Peter G. Peterson Institute for International Economics
Ms. Anna Gelpern

Professor at Georgetown University and a non-resident senior fellow at the Peter G. Peterson Institute for International Economics

Anna Gelpern is an Anne Fleming Research Professor at Georgetown Law and a nonresident senior fellow at the Peter G. Peterson Institute for International Economics. She has published research on government debt, contracts, and regulation of financial institutions and markets. She has co-authored a law textbook on International Finance, and has contributed to international initiatives on financial reform and government debt. She co-directs the Sovereign Debt Forum, a collaboration among Georgetown Law’s Institute of International Economic Law and academic institutions in the United States and Europe, dedicated to cutting edge research and capacity building in sovereign debt management.​​

Before coming to Georgetown, she held full-time appointments at the American University Washington College of Law, Rutgers School of Law-Newark and Rutgers University Division of Global Affairs. She has held visiting appointments at Harvard and Penn law schools. Between 1996 and 2002, Professor Gelpern served in legal and policy positions at the U.S. Treasury Department.

Ms. Joyce Chang
Managing Director and Chair, Global Research, JP Morgan
Ms. Joyce Chang

Managing Director and Chair, Global Research, JP Morgan

Joyce Chang is the Global Head of Research and a member of the management committee for J.P.Morgan’s Corporate & Investment Bank. J.P. Morgan’s Global Research department has more than 900 analysts located in 26 countries. Prior to joining J.P. Morgan in 1999, Joyce was a Managing Director at Merrill Lynch and Salomon Brothers. She is a member of the Council on Foreign Relations and the Inter-American Dialogue and serves on the Board of Directors of Trickle Up and Girls Inc. She also co-chairs J.P. Morgan’s Corporate and Investment Bank Women’s Network. She has been named as one of Top 25 Most Powerful Women in Finance by American Banker for the past four consecutive years and recognized by the Wall Street Journal (Top 50 Women to Watch), Crain’s Business New York (40 Under 40), the Asian American Business Development Council (Outstanding 50 Asian Americans in Business) and the Women’s Bond Club (Annual Merit Award).​

Ms. Nina Angelovska
global UNCTAD advocate for Women in eTrade and former Minister of Finance of North Macedonia
Ms. Nina Angelovska

global UNCTAD advocate for Women in eTrade and former Minister of Finance of North Macedonia

Nina Angelovska an entrepreneur for almost 10years has been shaking up North Macedonia’s digital economy with her, Grouper.mk. Now she’s advocating for more seats for women at the e-commerce policymaking table. Nina is the Co-founder of the online shopping platform Grouper.mk, she’s also the president of North Macedonia’s eCommerce Association and the country’s former finance minister. In 2018 she was named “Forbes 30 Under 30” in Retail and Ecommerce in Europe and in September 2019 at the UN General Assembly, she was recognized by UNCTAD as one of seven global eTrade for Women Advocates. Ms. Nina was heading the public finances of N.Macedonia and led the implementation of many economic and fiscal measures during the biggest crisis in history caused by COVID-19 until September 2020.​

Statements
Statements
Statement - Asia Pacific Regional CSO Engagement Mechanism
Statement - Communities Discriminated on Work Descent Stakeholder Group
Statement - NGO Major Group
Statement - Women's Major Group
United Nations