2015, Paris, OECD Development Center
A joint meeting of the OECD and the Hudson Institute’s Center for Global Prosperity, organised in collaboration with the OECD Development Centre
15 June 2015, 09:30 – 18:00 │ OECD Conference Centre, CC2 │ Paris, France Followed by a Reception on the premises.
Purpose
This meeting aims to convene in a multi-stakeholder dialogue National Focal Points for Policy Coherence, representatives from developing countries, international organisations, private sector and civil society organisations to discuss the role of policies as well as the enabling conditions required for mobilising and effectively using private financial flows for sustainable development.
It will also provide an opportunity to update National Focal Points and interested stakeholder on PCSD tools that are being developed for its members in the context of the Post-2015 Agenda.
Rationale
Implementing the Sustainable Development Goals means mobilising finance from all sources – public and private, domestic and international. The OECD is already a global leader on ODA and other official support for development; and on domestic resource mobilisation by strengthening tax systems and capacities in developing countries. New actors are playing an increasingly important role in financing with private and philanthropic financial flows to developing countries growing significantly. Another key element is private external financing flows – including philanthropy, remittances, and capital investment.
Private external financing flows can play a critical role in sustainable development. As highlighted in the Monterrey Consensus, private finance is an important driver of domestic growth and job creation. In order to enlist these flows to support sustainable development we need to get the policy environment right – across many different dimensions, and in both developing countries and advanced economies. Policy coherence is critical to this effort – countries need to understand how sustainable development goals can be reflected across government, to create an enabling environment for philanthropy, remittances, and capital investment.
Private external financing for sustainable development includes three key elements:
- Philanthropy is a growing source of funds for many countries and able to help tackle global Philanthropic actors bring financial resources and distinctive approaches to development cooperation. These include patient capital for long-term projects, freedom in how they operate and the ability to take risks (not being bound to electoral/political cycles). However, the financial and non-financial contribution of philanthropy to development can be hindered by the legal/regulatory environment for conducting philanthropy.
- Remittances sent home by migrants, which are the main source of external financing for many developing countries, and globally much bigger than ODA. But they are dependent on labour markets in advanced economies; on the availability of inexpensive and trustworthy remittance services; and on financial inclusion in both advanced and developing
- Capital Investment is a critical driver of development and the basis for financing, trade, and technology transfer. But investment climates depend on a wide range of factors – including physical infrastructure, company and contract law, accounting standards, financial and political stability, labour force as well as tax policies.
Links with the Post-2015 Development Agenda
The theme of this meeting links with the Post-2015 Development Agenda, particularly with the targets proposed by the UN Open Working Group on Sustainable Development, to:
- “1.b. create sound policy frameworks, at national, regional and international levels, based on pro-poor and gender-sensitive development strategies to support accelerated investments in poverty eradication actions”
- “10.b. encourage ODA and financial flows, including foreign direct investment, to states where the need is greatest, in particular LDCs, African countries, SIDS, and LLDCs, in accordance with their national plans and programmes”;
- “10.c. by 2030, reduce to less than 3% the transaction costs of migrant remittances and eliminate remittance corridors with costs higher than 5%”;
- “17.3 mobilize additional financial resources for developing countries from multiple sources”; and
- “17.5 adopt and implement investment promotion regimes for LDCs”.
Draft Agenda
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09:30 – 10:30 |
INTRODUCTION · Mobilising the means to implement the Post-2015 agenda – Gabriela Ramos, OECD Chief of Staff and G20 Sherpa to the OECD · The State of Play of Private Financial Flows – Carol Adelman, Director, Center for Global Prosperity · Threats and opportunities in financing the Post-2015 Development Agenda, Angela Wilkinson, OECD Strategic Foresight Counsellor |
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10:30 – 13:00 |
SESSION 1 – What policies are needed for philanthropy to support sustainable development? This session will look at the Enablers and disablers of philanthropy: What do philanthropists want or look for? What barriers and conditions discourage them –in both advanced and developing countries? And how can we strengthen partnerships between countries and philanthropists? Moderator: Nick Deychakiwsky, Program Officer, Charles Stewart Mott Foundation Panelists: · Jesse Barnett, Research Fellow, Center for Global Prosperity · Bathylle Missika, Acting Head of the Policy Dialogue Division, OECD Development Centre · Dharmendra Kanani, Policy Director, European Foundation Centre · Adriana Ruiz-Restrepo, CGP Country Expert for Colombia and Founding Partner of Colombian law firm RRA (Public Law and Social Innovation) · Olexandr Vinnikov, CGP Country Expert for Ukraine and President of the Board at European Law Advancement Network A coffee break will be provided. |
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13:00 – 14:30 |
Lunch Break |
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14:30 – 16:00 |
SESSION 2 – What conditions are needed to incentivise the use of remittances for financing sustainable development? This session will look at the role of remittance flows in development: The ways remittance flows can contribute to sustainable development; How to ensure there are cheap, reliable, and accessible remittance channels for key corridors? How to reflect the roles of formal and informal remitters; and how to avoid unintended consequences from controls? Moderator: Carol Adelman, Center for Global Prosperity Panelists: · Dilip Ratha, Senior Economist, World Bank (by video link) · Barbara Span, Vice-President for Global Public Affairs, Western Union · Bhekinkosi Moyo, CGP Research Partner for Africa and Executive Director of Southern Africa Trust · David Khoudour, Head of Migration and Skills Unit, OECD Development Centre |
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16:00 – 16:15 |
Coffee Break |
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16:15 – 17:45 |
SESSION 3 – How to create conditions for attracting private investment for sustainable development? This session will consider the enabling policy environment to address legal, regulatory and other barriers to investment; Building sound contexts for investment, including a regulatory environment with clear incentives; enablers and disablers outside the tax system; role of emerging investors. Moderator: Nicola Harrington, Deputy Director, OECD Development Centre Panelists: · Jason Bauer, Director, Finance, Investment and Trade (FIT), Millennium Challenge Corporation · Karim Dahou, Deputy Head of Investment Division, DAF, OECD · Michel Demarre, Director General, French Contractors’ Association |
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17:45 – 18:00 |
CONCLUSIONS · Carol Adelman, Director, Center for Global Prosperity · Ebba Dohlman, Senior Advisor, Policy Coherence for Development · Nicola Harrington, Deputy Director, OECD Development Centre |
SPEAKERS’ BIOGRAPHIES
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Adriana Ruiz-Restrepo is a Colombian attorney and jurist specialized in Non-Profit Law and Regulation for Development. A lawyer with postgraduate studies in administrative law and political science in Paris (Panthéon Assas) she has worked in the Ministry of Finance, the Constitutional Court, the Urban Development Institute of Colombia, UNODC´s implementation of the Palermo Protocol for human trafficking prosecution in Colombia and in UNDP New York for advising the Secretariat of the Commission on the Legal Empowerment of the Poor on public law and civil society. Ms. Ruiz-Restrepo entered the realm of civil society at an early age through a philanthropic organization serving street kids, an initiative that during her university years became an active citizenship network for legally and socially empowering marginalized youth. Drawing from her field experience Ms. Ruiz-Restrepo began researching in Colombia on Not-For-Profit organizations and the State in 1994, an effort she continued to pursue through PhD research in France on public procurement, state collaboration and tax regulation, then elevated to constitutional and international compared law analysis and finalized in legal dogmatics with her Theory of Alterity and the Positive Distinction of the Nonprofit Subject (2011). Adriana works as a legal adviser and policy analyst on law and development through the firm RRA (Public law + Social Innovation). In the Middle East and Latin America she has consulted on the strengthening of civil society nationally, the enabling of cross border philanthropy and solidarity and on constitutional efficacy for poverty reduction. As a trainer of prosecutors and investigators dealing with organized crime in Colombia, Ms. RuizRestrepo teaches Anti-Money Laundering and Counter Criminal Financing for tackling corruption and delinquency veiled under nonprofit organizations. In 2012 based on her findings and the Alterity theory, she successfully raised the need of including nonprofit organizations in Colombia´s structural tax reform so as to provide an ample but also secure space for civil society. She is a member of Civicus, Emes, ISTR and an international adviser to the ICNL since 2005. Through the Alteritas Lab of the RRA think-tank, Adriana continues to study the law, policy and regulation of the Third Sector with a network of colleagues from the global south. She is the founder of Civisol Foundation for Systemic Change, an organization that legally supports nonprofit organizations structured by informal and poor sectors of civil society seeking formal inclusion into mainstream economy while carrying field research on their process of legal empowerment through civil society organizations and by means of solidarity economics.
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