The incongruities of the current international financial architecture have been in the global spotlight for several years, while the amount of urgent financing needed to tackle some of the most pressing global issues related to the intersection of climate and health only continues to grow. The insufficient level of dedicated funding for global public goods and a slow, ineffective global debt architecture are stymying equitable economic, technological and energy transitions. Calls for innovation, flexibility, and reform are now commonplace.
Change is underway: Africa has recently gained a stronger foothold in institutions of global economic governance; new debt instruments have been developed to account for unpredictable natural disasters; and new taxation approaches and instruments are gaining traction to fund access to health, climate adaptation and other urgent needs. However, there is widespread, cross-regional consensus that more can and should be done to support global climate resilience and development ambitions.
This invitation only high-level dialogue, co-organized by UNU-CPR and Global Citizen, is convened on the eve of the 80th anniversary of the Bretton Woods Institutions and on the margins of the Summit of the Future to take stock of progress made in reforming the international financial architecture following appeals from a growing number of coalitions to deliver more funding, faster, and on a more sustainable basis. This will require political courage, investment in multilateral dialogue, and a willingness to create more space for those most seriously impacted by the rapid pace of environmental, technological, and economic change.
The panel will discuss whether we are on track to build a system that is more inclusive, resilient, and equitable. The participants will suggest ways we can advance this agenda over the next 15 months, taking into account the Pact of the Future and the Fourth International Conference on Financing for Development. The panel is part of a wider Global Citizen event, Global Citizen Now: Health and Climate Financing Sessions - The Urgent Need for Action.
Confirmed Speakers:
- Macky Sall, 4th President of Senegal, and Special Envoy of the Paris Pact for Peoples and Planet
- Ville Tavio, Minister for Foreign Trade and Development, Finland
- Ban Ki-moon, 8th Secretary-General of the United Nations
- Dr David Passarelli, Director, UNU Centre for Policy Research & Head of Secretariat, Secretary-General's High-Level Advisory Board on Effective Multilateralism (Moderator)
