No doubt that localization is an important stimulus for the achievement of SDGs; however, its effect on FfD is a bit ambiguous. It is true that promoting holistic developmental programs to push forward the implementation of the SDGs in various localities despite their efficacy would need significant amount of resources as in the case of the Decent Life initiative (حياة كريمة) in Egypt initiated by HE the President. Nevertheless, it has the potential to be a game changer in the path toward Agenda 2030. On the other hand, other facets of localization such as having a transparent funding formula for local authorities, promoting localized targets for SDGs and galvanizing local financial resources have the potential of ameliorating the available fiscal space and enhancing the efficiency of public investment which is usually subject to significant loss due to inadequate governance practices.
Until now, these two imperative issues have been dealt with in isolation from one another. Still, much can be learned from examining the various channels between them. This side event delves into the interdependence between localization and finance for development in order to share valuable experience that could be instrumental in accelerating the path toward the achievement of the 2030 Agenda.
The objective of the side event is to bring together relevant stakeholders namely experts in the field, government officials, international organizations and civil society groups and local actors to discuss and share their experience in order to answer a number of pivotal questions:
Minister of Planning and Economic Development, Egypt
Director of the Regional Bureau for Arab States, United Nations Development Programme (UNDP)
Officer in Charge (OiC), UN Capital Development Fund (UNCDF)
Director, Global Solutions Division, UN-Habitat (United Nations Human Settlements Programme)
Director General of the National Development Planning Commission, Ghana
Secretary General, United Cities and Local Governments of Africa (UCLG Africa)
Under-Secretary General and UN-Habitat Executive Director, (UN-Habitat)
Deputy Secretary General (Macro), Ministry of Economy, Malaysia