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Towards universal health coverage: leaving no one behind

ODI - 8. April 2020 - 0:00
Exploring the constraints, enabling factors and strategies used in the roll-out of universal health coverage (UHC).
Kategorien: english

Making aid work for people in crises

ODI - 30. März 2020 - 0:00
How can we ensure humanitarian assistance is deployed in a targeted, effective way for people in crises?
Kategorien: english

Global responsibility sharing for refugees: what next?

ODI - 23. März 2020 - 0:00
What do the commitments made at the Global Refugee Forum mean for refugee inclusion and protection globally, and where are the major gaps?
Kategorien: english

Beijing 25 years on: out of the shadows, into the mainstream

ODI - 10. März 2020 - 0:00
This roundtable series will explore the key moments, actions, and actors that are needed to drive sustainable change on gender equality.
Kategorien: english

Afghanistan crossroads: troop withdrawals, Taliban expansion, declining foreign assistance

ODI - 3. März 2020 - 0:00
An insight into what the future of Afghanistan may look like in the face of military withdrawal, Taliban expansion and declining foreign support.
Kategorien: english

Public finance conference 2020: better spending for public service delivery

ODI - 26. Februar 2020 - 0:00
This conference will invite ministers, civil servants and leading academics to reflect on how public financial management can deliver for public services.
Kategorien: english

Public finance conference 2020: better spending for public service delivery

ODI - 26. Februar 2020 - 0:00
This conference will invite ministers, civil servants and leading academics to reflect on how public financial management can deliver for public services.
Kategorien: english

Restauration paysanne à l’Extrême Nord du Cameroun

SNRD Africa - 21. Februar 2020 - 17:48
Contribution au webinaire
Kategorien: english

What going on with UN Reform?

Devex - 21. Februar 2020 - 11:30
Kategorien: english

New partnership to defeat mosquito-borne diseases

Devex - 21. Februar 2020 - 11:30
Kategorien: english

New Approaches to Scaling Private Sector Funding for Sustainable Development

OECD - 21. Februar 2020 - 10:57
By Sonja Gibbs, Managing Director & Head of Sustainable Finance, IIF This blog is part of the OECD Private Finance for Sustainable Development Conference Welcome to 2020–the “Decade of Delivery” for the 2030 Sustainable Development Goals (SDGs). While the international development community remains hard at work on solutions, success over the next decade will require … Continue reading New Approaches to Scaling Private Sector Funding for Sustainable Development
Kategorien: english

C20 Defends Human Rights: Enough with Wrongful and Arbitrary Detention!

#C20 18 - 21. Februar 2020 - 9:59
The Civil Society 20 observes with great alarm and concern the deteriorating situation of human rights globally. Civil liberties and civic spaces are restricted in different countries of the world. The C20 as the premier voice of civil society in the G20 process, calls on all G20 nations to respect the human rights of dissidents, [...]
Kategorien: english, Ticker

Ghana: new jobs and better wages thanks to fair clothing

GIZ Germany - 21. Februar 2020 - 2:25
: Wed, 19 Feb 2020 HH:mm:ss
The textile industry is becoming increasingly important to Ghana. With the support of international companies, businesses are increasing production while promoting fair working conditions.
Kategorien: english

Providing skilled support – as a refugee expert in Pakistan

GIZ Germany - 21. Februar 2020 - 2:25
: Wed, 16 Oct 2019 HH:mm:ss
International cooperation offers a wide range of employment opportunities. Judit Demjén has been working as a refugee expert in Islamabad since 2018.
Kategorien: english

Review of public financial management diagnostics for the health sector

ODI - 21. Februar 2020 - 0:00
This paper reviews public financial management and health diagnostic tools for public service delivery.
Kategorien: english

On World Social Justice Day, the UN labour agency  says ‘put people and planet first'

UN #SDG News - 20. Februar 2020 - 23:48
Reduce inequality around the world, the United Nations labour agency urged on Thursday, World Social Justice Day.
Kategorien: english

Tackling Illicit Financial Flows (IFFs) at the United Nations: what will the FACTI Panel deliver?

Global Policy Watch - 20. Februar 2020 - 22:19

Download UN Monitor #13 (pdf version).

By Elena Marmo

On 28 January 2020 the President of the General Assembly (PGA), Tijjani Muhammad-Bande, and the President of ECOSOC, Mona Juul announced a new initiative: “a high-level panel on international financial accountability, transparency and integrity (FACTI)”. This joint endeavour is framed as a means to target and recover assets for investment in the Sustainable Development Goals.

At present, the UN estimates the financing gap to achieve the Sustainable Development Goals (SDGs) totals a staggering $2.5 trillion. Proponents of a robust and strong agenda on tackling illicit financial flows (IFFs) suggest that this gap could in part be closed by addressing the various forms of illicit financial flows that divert or “rob” governments of vital public resources that could and should be invested in public goods to achieve the SDGs.

Since the adoption of the Addis Ababa Action Agenda (AAAA) in 2015, the definition and regulation of illicit financial flows has been a contentious topic, played out in the annual Financing for Development Forum and UN GA Second Committee on financial and economic matters. While this new FACTI Panel responds to a long-standing and well-documented concern, it is being met with reluctance from a number of Member States, potentially with interests in limiting regulation on tax havens, financial secrecy and profit shifting.

Announcing the FACTI Panel

As noted by the PGA, the initiative will be “a high-level panel on international financial accountability, transparency and integrity (FACTI) as an impetus to ongoing efforts to achieve the 2030 Agenda for Sustainable Development.” In his remarks, the PGA framed this high-level panel as a response to the General Assembly Resolution 74/206 on IFFs, with the aim to not only address this issue, but also “strengthen good practices on asset return in order to foster sustainable development”.

Further, the PGA noted:

“financial integrity is pivotal if we are to sustain the efforts to address the challenge of sufficiency in financing…The lack of financial integrity is a cross-border problem that requires inclusive multilateral action.”

The President of ECOSOC similarly emphasized the importance that the high-level panel deliver:

“At every Financing for Development Forum (FFD Forum), ECOSOC outcome documents have addressed, and recommitted us, to eliminating illicit finance. We are keen to show real progress.”

Composition, Focus and Timeline for the FACTI Panel

The President of ECOSOC highlighted the expected timeline for the FACTI panel, enumerated in the Terms of Reference (ToR) released on the PGA’s website. The panel will publicly launch on 2 March 2020 at UN Headquarters in New York. At the joint briefing of ECOSOC and the GA, the PGA announced, FACTI “will be co-chaired by Her Excellency Helle Thorning-Schmidt, the former Prime Minister of Denmark, and the former Prime Minister of Niger, His Excellency Ibrahim Mayaki".

The ToR recognizes IFFs are a “global problem that requires a global solution” and the need to focus on “all types of illicit finance – from criminal, corrupt or commercial activities”. It details various issues such as “…financial transparency, tax matters, combatting bribery and corruption, preventing money laundering and returning stolen assets”. In particular it calls for a “rethinking and redesigning” of international frameworks related to financial accountability, transparency and integrity, which is “critical to financing the Sustainable Development Goals”.

This recognition of the responsibility for addressing externalities inherent in a hyper-globalized international financial order places emphasis on regulation: “in a world of cross-border trade, investment and finance, there are limits to the ability to raise resources and enforce integrity through domestic action alone”.

The FACTI panel’s objectives are to:

  • Review current challenges and likely future trends and their relationship to the existing international legal and institutional frameworks related to financial accountability, transparency and integrity;
  • Identify gaps in the legal and institutional architecture related to financial accountability, transparency and integrity, especially where universality has not yet been achieved;
  • Make recommendations for:
    • Updating existing international frameworks related to financial accountability, transparency and integrity;
    • The creation of new DRAFT international frameworks, where warranted;
    • Governance arrangements to match the challenges; and
    • Proposals to strengthen international cooperation that will enhance capacity to implement the recommendations.

The panel will be comprised of 15 members and two co-chairs, “drawn from academia, policymakers, civil society, and the private sector, with due consideration to geographic and gender balance”. Over the next year, the panel will hold four meetings of up to three days each, presenting an interim report at the ECOSOC High-level Segment in July and final report at UNHQ in January 2021. The panel is also planning a series of regional consultations in October-November 2020.

Mixed Responses from Member States to the FACTI Panel

There was considerable push back when the FACTI panel was announced, mainly from the same Member States that rejected language on IFFs in the GA Second Committee in October 2019 during negotiations on A/RES/74/206.

The Resolution’s emphasis on involving the UN Office on Drugs and Crime (UNODC) and its insistence on the “return of stolen assets” and on criminal activity (theft and terrorism) reflects the lack of a universally agreed upon definition of “Illicit Financial Flows”. While many see IFFs as a term to address cross-border and extraterritorial issues related to tax avoidance and trade malpractice, others make an effort to restrict the definition to issues of domestic corruption, embezzlement and theft of cultural assets. The Resolution as a result reflects this in an effort to achieve consensus amongst the Second Committee’s membership.

A similar emphasis on corruption and stolen assets dominated the discussion at the joint ECOSOC and GA briefing when the FACTI panel was announced. Several Member States expressed discontent regarding the panel’s inception and scope, among them the European Union, United States, United Kingdom, Lichtenstein, and Switzerland. Those very much in favor of the panel included Guyana on behalf of the G77 and China, Pakistan, Morocco, Denmark, Finland, Nigeria, and Norway.

The representative of Guyana, on behalf of the Group of 77 and China welcomed the panel: “We reiterate that illicit financial flows reduce the availability of resources for financing sustainable development and negatively impact the economic, social and political stability and development of societies, especially in developing countries.” Nigeria also highlighted the “seemingly indifference of the international community to take concrete measures to abolish financial secrecy, make profits shifting illegal, and assure that of attrition of proceeds of illicit financial flows”.

The representative of Denmark, whose former Prime Minister will co-chair the panel, framed the panel as an opportunity to change the direction of action on IFFs: “now, as we enter the decade of action, it is clear that we need to do more, not only faster, but also to do it differently”. Finland emphasized that “we must strengthen our tax bases and prevent tax evasion” while Norway echoed this sentiment with the warning that “cross-border corruption and crime, mis-invoicing or trade and services and tax evasion threaten to derail the entire development process. Although there is no definitive definition of illicit financial flows, greater awareness of this issue has shown that there are definitive ways of stopping these flows”.

The representative of Pakistan noted that the panel’s focus would help in “filling the gap under the existing legal regime of the United Nations Convention Against Corruption” and would support “eliminating tax havens and…promoting equitable distribution of profits earned by multinational business”.

Not all Member States, however, view the panel as a means to fill a gap in the regulatory architecture. The European Union (EU) presented a critique of the panel, with emphasis on the lack of consultation to Member States in identifying the panel’s priorities. The EU suggested any “work on financial integrity and illicit financial flows has to be closely linked to UN bodies dealing with these issues, such as the UN Office on Drugs and Crime, the UN Convention Against Corruption and its policy making body, the Conference of State Parties”.

This was supported by the United States (US): “we do not believe that there is a clear mandate and think the creation of this panel sets an unfortunate precedent”. The US along with the United Kingdom called for the panel to consult with and avoid duplication of work in the UN Convention Against Corruption, the Financial Action Task Force, the UN Office on Drugs and Crime, the OECD and the G20.

This is reminiscent of statements during the negotiations in the Second Committee on IFFs reflecting differences between a focus on existing frameworks (primarily on corruption and stolen assets) and efforts to broaden the policy space to address IFFs in the form of tax havens, corporate tax avoidance, profits shifting and financial secrecy that undermine public resource mobilization for sustainable development.

Lichtenstein drew attention to the various compromises required among Member States to achieve consensus on A/RES/74/206, suggesting “the panel itself should reflect those views in particular that have helped sustain this consensus over time.” Further, Lichtenstein enumerated, “the panel should avoid the duplication of work that is being done in other formats or standard setting bodies. In past discussions, we have consistently cautioned against undermining the existing legal framework in the fight against corruption. In particular, the UN Convention Against Corruption, and we will continue to engage for the integrity of that framework”.

In response to Member State comments, the PGA and ECOSOC President remained resolute in their decision to move forward with the FACTI Panel, and released the ToR with additional detail on the composition and mandate. The PGA promised Member States: “I can assure you that FACTI panel is not a closed-door process. It is about financial transparency.”

The post Tackling Illicit Financial Flows (IFFs) at the United Nations: what will the FACTI Panel deliver? appeared first on Global Policy Watch.

Kategorien: english, Ticker

More than $1 billion pledged for post-earthquake recovery in Albania

UN ECOSOC - 20. Februar 2020 - 21:45
The international community has pledged $1.25 billion to help Albania recover from a devastating earthquake during a European Union-led donors’ conference in Brussels.  
Kategorien: english

Protected: South-South Exchange on ICT4Ag — Indian Drones Meet African Tractor Apps

SNRD Africa - 20. Februar 2020 - 18:14
There is no excerpt because this is a protected post.
Kategorien: english


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