The second UN Financing for Development (FfD) Forum took place May 22-25 at UN headquarters in New York, serving as follow-up to the inaugural FfD Forum in 2015. The 2017 Forum provided impetus for the implementation of FfD outcomes and the delivery of means of implementation of the UN 2030 Sustainable Development Agenda, which includes the Sustainable Development Goals (SDGs).
The event featured expert segments on the seven action areas of the Addis Agenda, as well as other specific issues that UN member states mandated the FfD Forum to address. It also featured a dedicated dialogue with stakeholders, including business and industry.
Numerous business representatives took part both as panelists and speaking from the floor, including John Danilovich, secretary general of ICC and Ariel Meyerstein, senior vice president, corporate responsibility, Citi. USCIB Vice President for Energy and Environment Norine Kennedy gave remarks during the segment on trade, capacity building, technology and innovation, noting the increasing role the private sector has been taking with regards to mobilizing finance, investment, solutions and expertise for sustainable development, as well as the increasing role of business in the evolution to an SDG-guided international framework of cooperation and implementation.
“Trade is a powerful vehicle for development, and it also creates a network for broad deployment of innovative technologies and knowhow,” Kennedy said. However, she acknowledged that much remains to be done to deliver practical results and to implement programs and enabling environments that will allow the business community to contribute more significantly, noting, “the level and scope of engagement need to be radically scaled up from business communities in developing countries.”