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Financing for Development in the Era of COVID-19 and Beyond

A snapshot of the ongoing work at the United Nations in times of crisis

Published date 2020-08-31
Author Bodo Ellmers
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Excerpt:

This briefing paper looks at the financing for development (FfD) work at the United Nations in 2020, an exceptional year due to outbreak of the global coronavirus crisis in the spring. Following this shock, FfD became a highly relevant issue on the UN agenda. The FfD process as originally scheduled was redesigned, with the FfD Forum originally scheduled for April cut down from four days of face-to-face meetings to a virtual session that lasted for just one hour. An official outcome document was adopted anyway, however free of concrete commitments that would match the needs of coping with the crisis. This briefing paper is a snapshot that maps, summarizes and briefly analyses the work on FfD at UN level that took place in 2020, until mid-August. In doing so, it aims to create more transparency about this important UN workstream, help to disseminate its preliminary outcomes, and mobilize and enable more actors to participate constructively in this work.