By Women Thrive Alliance, April 19, 2017 —
On April 18, the High-Level SDG Financing Lab met to discuss how financing and resources are available for the successful implementation of the Sustainable Development Goals (SDGs). Goal 5 (on gender equality) is a top priority for Women Thrive Alliance and our 264 members from over 50 countries.
Women Thrive used Storify to share highlights the event.
Adequate financing for the #SDGs is crucial for successful implementation. As we’re having these high-level conversations, Women Thrive wants to make sure that grassroots organizations have a voice in the process, and are part of the strategy to secure financing for the 2030 Agenda.

 

 

 Happy to be at the High Level SDG Financing Lab to discuss how we can make sure resources r there to implement #SDGs https://t.co/qC7vVKomUx
Happy to be at the High Level SDG Financing Lab to discuss how we can make sure resources r there to implement #SDGs pic.twitter.com/qC7vVKomUx

 

 #SDGFinancing Lab panel: What will it take to finance the #SDGs? From ambition to reality. Live: https://t.co/1Wh5hlXHp8 #Ffd #globalgoals https://t.co/vxSaklqkex
#SDGFinancing Lab panel: What will it take to finance the #SDGs? From ambition to reality. Live:  http://webtv.un.org  #Ffd #globalgoalspic.twitter.com/vxSaklqkex

 

 What will it take to finance the #SDGs ? More data? More political will? More accountability? What do you think? #SDGFinancing #globalgoals https://t.co/KIoU94rr8c
What will it take to finance the #SDGs ? More data? More political will? More accountability? What do you think? #SDGFinancing #globalgoalspic.twitter.com/KIoU94rr8c

 

Deputy Secretary-General, Amina J Mohammed, started the conversation with important reminders of what remains to be achieved: “We need to invest in South-South cooperation and close the digital divide.”

 

"The #SDGs are an economic imperative" - UN Deputy-Secretary General at #SDGFinancing lab. Watch live at https://t.co/1Wh5hlXHp8 #ffd https://t.co/zzSUxE6rLK

“The #SDGs are an economic imperative” – UN Deputy-Secretary General at #SDGFinancing lab. Watch live at  http://webtv.un.org  #ffdpic.twitter.com/zzSUxE6rLK

 

As the private sector and governments come together to build partnerships that would increase resources for SDG implementation, it is important to raise the issue of the role of civil society organizations in this process. Civil Society plays an important role in keeping both governments and the private sector accountable, and should not be left out.

 

Civil society is getting better and better at tracking the money and asking accountability #FfD #SDGFinancing #AchieveSDG5

 

Private sector has vital role in achieving #SDGs through innovative financing - @kvsrinath of @yesbank at #SDGfinancing lab #ffd https://t.co/Df4SVp66pg

Private sector has vital role in achieving #SDGs through innovative financing – @kvsrinath of @YESBANK at #SDGfinancing lab #ffdpic.twitter.com/Df4SVp66pg

 

The question is: how can we ensure true dialogue between gvts, private sector and civil society at the @UN and for the #SDGs#SDGFinancing

 

Global South and grassroots women and girls were not represented in these discussions. Including their perspectives on the financing of gender equality work on the ground is crucial, especially as we discuss the fact that the current financial system is not adapted to the promotion of equality and rights for all.

 

If we want to have a real discussion we need a global south feminist on this panel to enlighten us on interlink btw capitalism & patriarchy https://t.co/SgzW12qJ3j

If we want to have a real discussion we need a global south feminist on this panel to enlighten us on interlink btw capitalism & patriarchy pic.twitter.com/SgzW12qJ3j

 

We need to have a hard and cold look at the current business model and acknowledge that it is incompatible with #SDGs@forfinancewatch

 

We need to embed social purpose at the heart of the governance of financial institutions @forfinancewatch #SDGFinancing

 

Public institutions can do much more than just investing.They can think outside of the box, & can end tax avoidance for ex @forfinancewatch

 

 

Thank you @forfinancewatch for saying it the way it is: we need to change the very purpose of our financial systems #SDGFinancing

 

After a quick break, member states shared the eagerness to finance the SDGs and the mechanisms developed to implement them.

 

Back in Trusteeship Council Chamber @UN to listen to governments' remarks on #SDGFinancing #FfD #SDGs https://t.co/QlYoeAuG4u

Back in Trusteeship Council Chamber @UN to listen to governments’ remarks on #SDGFinancing #FfD #SDGs pic.twitter.com/QlYoeAuG4u

 

Private sector eager to invest- we are confident that innovative finance will ensure #SDGs implementation @JapanMissionUN#SDGFinancing

 

Kenya has increased tax revenues to 28% of GDP to support #SDGFinancing – @KenyaMissionUN #globalgoals

 

Afghanistan has developed national priority programs, including a private sector devt program aiming at increasing PPPs @AfghanMissionUN

 

Member states also shared the challenges they and the global community faces to successfully implement the SDGs.

 

Attention should be shifted to see how other sources of capital can help mobilize resources for #SDGFinancing @indonesiaunny https://t.co/a9AJD9K98D

Attention should be shifted to see how other sources of capital can help mobilize resources for #SDGFinancing @indonesiaunnypic.twitter.com/a9AJD9K98D

 

There is a need for better coordination of financing mechanisms for sustainable development @ColombiaONU #SDGFinancing

 

#SDGFinancing doesnt happen automatically for small reforming developing countries, needs more support, says Dr Nigel Clarke of #Jamaica https://t.co/wWY34Xme9b

#SDGFinancing doesnt happen automatically for small reforming developing countries, needs more support, says Dr Nigel Clarke of #Jamaicapic.twitter.com/wWY34Xme9b

 

Timor Leste agrees that only a revitalized global partnership will enable #SDGs to be implemented- #SDGFinancing

 

#Maldives @AOSISChair urges #UN to work closely with IFIs to develop a holistic approach to concessional financing for #SIDS #SDGFinancing https://t.co/HZxt59eYq2

#Maldives @AOSISChair urges #UN to work closely with IFIs to develop a holistic approach to concessional financing for #SIDS #SDGFinancingpic.twitter.com/HZxt59eYq2

 

#Morocco calls for a focus on entrepreneurship and youth, but also for more financing to tackle #climatechange – #SDGFinancing#globalgoals

 

We need intersectional partnership to channel resources beyond traditional systems @ColombiaONU #SDGFinancing

 

Thanks to @G77_UNHQ for the interactive and frank dialogue on how to reform the @UN development system to better deliver the #SDGspic.twitter.com/v5GQGzHJy3

 

After a day of hearing from U.N. member states, private sector representatives, and civil society organizations, the subject of #SDGFinancing is still a question.

 

 

1. The big “?” today was what are we measuring? Tax dollars? PPPs? There’s an opportunity for the @UN to convene a discussion on this

 

2. How do we highlight the need for speed & scale in #SDGs through a transformational approach without running out of breath? #SDGFinancing

 

2 (continued). We need to align the risk sharing agreement between private sector and public actors through stronger PPPs #SDGFinancing

 

3. We need to build capacity in private sector to change basic culture of banks & businesses, & build enabling environment #SDGFinancing

 

4. There are no fundamental barriers to advancing sustainable finance at scale #SDGFinancing #globalgoals

 

4. (Continued) there is a need to move beyond innovation and industrialize sustainable financing #SDGFinancing

 

And, as @ColombiaONU said:

 

The best way of building peace is through the implementation of the #SDGs @ColombiaONU #SDGFinancing