4th High-Level Dialogue on Financing for Development in Asia and the Pacific
The Addis Ababa Action Agenda (AAAA) adopted in July 2015 at the 3rd International Conference on Financing for Development elaborates in detail how developing countries can leverage finance as a key means of implementation to support the 2030 Agenda for Sustainable Development. Since 2014 ESCAP has played an active role in building consensus and articulating the views of the region on financing for development issues through high-level regional annual consultations.
The first two consultations, in June 2014 and April 2015, were organized in partnership with the Ministry of Finance of Indonesia. Those meetings provided regional inputs to global discussions towards the adoption of the AAAA and the 2030 Agenda. The third consultation was organized in March 2016 in partnership with the Ministry of Foreign Affairs of the Republic of Korea, and helped identify priority issues for the region for an effective pursuit of the AAAA.
The next high-level regional consultation will be held on 28-29 April 2017. Following up on the priorities identified at the 2016 consultation, the 2017 meeting will discuss specific policy areas in terms of taking finance for development-related work forward in the region. Specifically, it will discuss three broad issues: tax and public finance, sustainable infrastructure development and financing, and financial inclusion.
The choice of these topics reflects the nature of challenges confronting the region in financing its rapid urbanization, ambitious intra-regional infrastructure initiatives, and the social-environmental spending that is necessary to effectively pursue the 2030 Agenda. Many least developed countries of the region still have close-to-single-digit tax revenue levels as percentage of GDP, and lack alternative avenues and channels to mobilize private financial resources to meet the investment needs for sustainable development. The topics also recognize the cross-cutting role of fiscal policies and financial sector development in addressing rising inequalities, promoting environment-friendly economic growth, and shaping regional economic cooperation.
The dialogue will be attended by high level policy makers, representatives of international organizations and other organizations in the United Nations system, and eminent experts.
The Dialogue will review latest analytical thinking and policy experiences of the region in the identified areas, develop specific and action-oriented policy recommendations that can facilitate an effective pursuit of the Addis Ababa Action Agenda and the 2030 Sustainable Development Agenda, and consolidate Asia-Pacific’s vision and perspectives as inputs to the global financing for development debate and cooperation.
Session 1: Enhancing public revenues for sustainable development
- Issues Paper on Tax Policy and Public Expenditure Management in Asia and the Pacific
- Metropolitan City Finances in Asia and the Pacific Region Issues, Problems and Reform Options
Session 2: Rethinking public finance for a sustainable future
- Environmental Tax Reform in Asia and the Pacific
- Prospects for Progressive Tax Reform in Asia and the Pacific
Session 3: Addressing tax challenges beyond national borders
Session 4: Engaging the private sector for infrastructure investment
- Public-Private Partnerships for Cross-Border Infrastructure Development
- PPP Policy, Legal and Institutional Frameworks in Asia and the Pacific
- Tapping Capital Markets & Institutional Investors for Infrastructure Development
Session 5: Building resilient and sustainable infrastructure
Session 6: Addressing the multifaceted challenge of financial inclusion
- Financial Regulatory Issues for Financial Inclusion
- Small and Medium Enterprises Financing
- The State of Finance in Asia and the Pacific