The Ministerial Round Table discussed how to finance the Sustainable Development Goals (SDGs). A significant ratcheting up of investment will be required to achieve the SDGs, and the private sector will be a vital partner to public efforts to this effect. Indeed, the role of investment to generate productive capacity will be at the heart of efforts to meet the SDGs.
Ministers and heads of international organizations considered appropriate policy frameworks for sustainable investment, and propose strategies to engage private sector stakeholders to invest in the SDGs.
Elements for the debate
- How can policies be deployed to engage private sector funding for the SDGs?
- What factors shape private sector involvement in the sustainable and inclusive growth agenda?
- Should an international governance structure frame different actors’ roles; what form should it take?
The outcome of the Round Table was a chairs’ summary. The co-chairs of the Ministerial Round Table summarized the highlights of the debate on investing in the SDGs, based on and enriching UNCTAD’s Action Plan for Investing in the SDGs. Their summary will be shared with the participating Ministers at the conclusion of the roundtable. The Summary will then be formally forwarded to the UN General Assembly and will feed into the Conference on Financing for Development next year in Addis Ababa, and ultimately into the Conference on the Sustainable Development Goals in New York.
The Forum therefore served as a platform to influence and shape the final scope of the SDGs, and by feeding into the upcoming Multilateral Summits on Financing for Development, the thoughts and ideas generated by the MRT will feed directly into this multilateral process and have a lasting impact during the lifetime of the Goals between 2015 and 2030.