New UN finance panel to push Global Goals forward

WFP/Simon Pierre Diouf A woman in Mali takes care of a community garden which is part of the World Food Programme’s capacity building project.

This article is brought to you in association with the United Nations.


The President of the UN General Assembly on Tuesday encouraged Member States to support a new panel that has been set up to help make the Sustainable Development Goals (SDGs) a reality, by 2030.

On Tuesday, Tijjani Muhammad-Bande and Mona Juul, the President of the UN Economic and Social Council, ECOSOC, introduced a joint initiative to establish a high-level panel on financial accountability, transparency and integrity, called FACTI.

“It is critical that Member States get behind the panel’s work, both substantively and financially”, he urged, noting that in light of the Decade of Action, it would help promote faster progress towards achieving the 2030 Agenda on Sustainable Development.

He said the flow of illicit cash and goods on the international black market, impacts every nation’s ability to mobilize domestic resources.

Moreover, it is a cross-border problem that requires “inclusive multilateral action”.

ECOSOC chief Ms. Juul said that this year was “a significant milestone in our journey” to implement the 2030 Agenda and strengthen multilateralism and appealed to everyone to “make the world a better place for us and for those coming after us”.

Panel timeline

She noted that both the major UN bodies are working together within the framework of the 2030 Agenda to end poverty, reduce inequality, protect the planet and ensure peace and justice for all.

Financing for development (FFD) is a priority for my ECOSOC presidency”, she stated, stressing the need to show “real progress” in eliminating the flow of illicit finance.

Ms. Juul set out a timeline, saying the panel would be launched in early March and its members to meet “face-to-face at least four times, in different regions of the world”.

“It is a tight schedule, but we are aware of the urgency to address these issues”, she stated.

The panel will produce an interim report in July 2020, and its final report with recommendations in January 2021.

Encouraging collaboration

Meanwhile, Deputy Secretary-General Amina Mohammed highlighted three areas where she felt collaboration between the Assembly and ECOSOC “can make a strong contribution”.

In this regard, she cited the importance of cooperation across the UN System, the High-Level Political Forum and the centrality of the ECOSOC-General Assembly partnership.

She concluded by encouraging the joint efforts “We look forward to working closely with you all as we make 2020 a year of urgency, and the 2020s a decade of action to deliver the SDGs”.

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Merry Christmas from Erdogan, Putin, Mogherini and the Polish firefighter

Ending HIV: The contribution of Sexual and Reproductive Health and Rights

Rohingya crisis: EU allocates €31 million for Bangladesh and Myanmar

Yemen: Escalation in fighting must stop ‘before it’s too late’, Griffiths tells Security Council

European Parliament the most trusted EU institution

Window for a Brexit deal: Brussels to think again May’s proposal

5G is here: PT Expo China 2019 will be held October 31 – November 3, in association with The European Sting

Τhe EU Refugee Crisis: a day in the life of a Refugee in Greece

Spring 2020 Economic Forecast: A deep and uneven recession, an uncertain recovery

UN chief welcomes South Sudan’s Unity government, lauds parties for ‘significant achievement’

Asian and Pacific economies: decreases in tax revenue highlight need to broaden tax bases

Eurogroup: IMF proposes Germany disposes

Medical Education is #NotATarget

Energy: new ambitious targets on renewables and energy efficiency

Public Policies for LGBT in Brazil

Blockchain can change the face of renewable energy in Africa. Here’s how

South Eurozone needs some…inflation and liquidity

As north-west Syria violence reaches ‘horrifying’ new level, UN relief chief says ceasefire is only option

MEPs unanimously condemn recent terrorist attacks in France and Austria

Hungary’s laws on helping vulnerable foreigners are ‘blatantly xenophobic’: UN rights chief

6th Edition of India m2m + iot Forum 2019 concluded, in association with The European Sting

This incredibly detailed map of Africa could help aid and development

Quantitative easing: how Mario can tackle low inflation in Eurozone

New Iraqi Prime Minister-designate urged to act on reforms and accountability

New Syria fighting represents ‘giant powder keg’, warns aid veteran, as he leaves UN stage

From me to we: COVID-19 heralds a new model of entrepreneurship

COVID-19 creates a perfect storm for the extreme weather season

Humanitarian crisis in Yemen remains the worst in the world, warns UN

State aid: Commission approves €106.7 million restructuring aid and €30.2 compensation for damages suffered due to coronavirus outbreak in favour of French airline Corsair

MEPs choose Wiewiórowski to be the EU’s data protection watchdog

Draghi rehabs ECB into a tool to support growth and employment; a departure from Teutonic orthodoxy

Visa-free access to the EU for UK nationals and to the UK for EU nationals

‘Critical’ window of opportunity closing fast in Iraq, Security Council hears

How global tourism can be more sustainable

A Sting Exclusive: EU Commissioner Mimica looks at how the private sector can better deliver for international development

Refugee crisis update: Commission still in panic while Turkey is to be added in the equation

What the buoyant US economy means for the rest of the world

UK must make clear what it wants, MEPs say in Brexit debate

These 5 countries are home to more than half the world’s forests

Environment Committee MEPs push for cleaner trucks and electric buses

EU budget: Commission proposes major funding increase for stronger borders and migration

There are 3 barriers blocking good menstrual hygiene for all women. Here’s how we overcome them

Asymptomatic, pre-symptomatic, symptomatic: what is the difference?

How to build a paradise for women. A lesson from Iceland

Delay is over: Work begins to shine spotlight on where companies pay their taxes

From low-earth orbit, ‘envoys’ of humanity join UN space forum

These are the world’s best universities

EU-Russia relations: the beginning of a warmer winter?

Burundi: Inclusive dialogue ‘only viable option’ for resolving country’s political crisis says, UN envoy

Long-term EU budget: MEPs demand safety net for beneficiaries

South Sudan ‘heading towards lasting peace and stability’, UN General Assembly told

No hard drivers in sight to remodel the stagnating affairs of the EU

It’s time to disrupt Human Resources if we want talent fit for the digital age

A brief history of cryptography and why it matters

COVID-19 Update: Amidst coronavirus bleeding, Trump’s administration is desperately looking for scapegoats

How to replace coal power with renewables in developing countries

Over 330,000 Congolese migrants at risk after mass deportations from Angola – UN rights chief

The digital skills gap is widening fast. Here’s how to bridge it

VAT Gap: EU countries lost €137 billion in VAT revenues in 2017

The world needs a grand coalition to tackle climate change

More Stings?

Advertising

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s