Joint High-Level Event: UNDP, UNCTAD, ILO, UNDESA
13 July 2021
Time:toEST ( GMT)
8 : 00
9 : 00
The role of business and the financial sector in financing a sustainable and resilient recovery from COVID-19
The 2021 HLPF takes place at a time of growing concern about the lingering health and socioeconomic fallout from the COVID-19 pandemic, alongside the pressing demands to tackle the climate, biodiversity and pollution crises and bridge the digital divide – all of which require significant financial resources to ensure hard-won development gains are not permanently reversed. The pandemic poses existential challenges, but it also offers significant opportunities to pursue a more sustainable paradigm as trillions of stimulus and recovery packages are rolled out.
As economies restart, there is an opportunity to develop more integrated and effective financing strategies that ensure investments across the dimensions of sustainable development promoting sustained economic growth that creates livelihood and decent employment opportunities for all – including women, youth, and micro, small, and medium enterprises (MSMEs)– and promotes a just transition to green and digitally-enabled societies. Sound public policies and the right incentives for the private sector and actors across the financial ecosystem, including through the implementation of a global framework for sustainability reporting, are needed to encourage transformative shifts and stimulate the strategic investments required to get the world on track to meet the SDGs. The 2021 HLPF will put in focus SDGs 1 (on no poverty), 5 (gender equality), 8 (decent work and sustainable economic growth), 10 (reduced inequalities), 12 (sustainable consumption and production), 13 (climate action) and 17 (on partnerships), among others.
The high-level event on the margins of the HLPF will engage representatives of governments, business and the world of finance (stock exchanges, banks, insurance companies, asset owners and asset managers) to discuss experiences, solutions and initiatives around the world, facilitating the financing transition towards more inclusive, sustainable and resilient societies. The High-Level event builds on extensive consultations and expert meetings convened by UNDP, ILO, UNCTAD and DESA on their respective clusters, carried out between January and July 2021. The High-Level event further builds on the outcomes of the joint side event organised by UNDP, ILO, UNCTAD and DESA on the occasion of the ECOSOC Financing for Development Forum on 13 April 2021 focused on: “Financing COVID-19 recovery: Towards a green, purple and digital transition.” These joint initiatives respond to the clear need to advance a coherent and an integrated approach across themes. UNDP, ILO, UNCTAD and DESA plan to continue these joint efforts in the months to come, including at the 76TH General Assembly in September 2021 and at UNCTAD’s World Investment Forum in October this year.
The event will start with a High-level opening session followed by a moderated Davos style discussion with private sector representatives on specific actions necessary to advance sustainable finance and climate action, an inclusive job-rich recovery and leverage disruptions of digital technologies.
On July 13th, at 8 a.m. EDT, our CEO, Matt Gamser, will participate in a Stakeholders' panel together with Dr. Mohamed Farid Saleh, Executive Chairman of the Egyptian Exchange (EGX) and Mr. Pradeep S Mehta, Founder and Secretary-General of the Consumer Unity & Trust Society (CUTS International).
Watch the video here> https://youtu.be/TqHAcBLsCg8?t=35