The United Nations has a key role to play in implementing the Action Agenda. The United Nations, as the champion of financing for the SDGs, has a role in supporting Member States to implement the Task Force recommendations. The UN provides the platform for developing and overseeing on behalf of Member States the implementation of Sustainable Development Goals. As part of this, the Member States have agreed on the Addis Ababa Action Agenda and tasked UN DESA’s Financing for Sustainable Development Office to issue annual progress reports. This Task Force, an initiative of the Secretary General, was established as part of that mandate but without an explicit mandate to identify roles for the UN. That said, UN can play an important part in supporting Member States in their roles in implementing many of the recommendations:
By advancing sustainability-aligned digital financing solutions at the country and regional levels. In large part, this will involve a continuation and extension of on-going activities across many UN agencies involved in advancing digital financing solutions at the country and regional levels.
By building out international cooperation and governance, focused in particular on advancing appropriate governance principles and more inclusive policy and regulatory development.
By exemplifying good practice in transparency and accountability of its own financesincluding those it channels to activities in Member States. The UN channels significant volumes of public finance, largely Official Development Assistance, to developing countries. The Task Force’s recommendation to enhanced transparency and accountability public finance therefore pertains to UN’s own operations.
Beyond that, the Task Force recommendations may be relevant to the UN in its engagements with many parts of the private financial community, including impact investors, banks, institutional investors and insurers. There would be considerable value in bringing digitalization opportunities into its related programs and initiatives, including its financial sector-specific platforms such as the UNEP Finance Initiative and the Sustainable Stock Exchange initiative, and related platforms such as the Principles for Responsible Investment.
The United Nations has a key role to play in implementing the Action Agenda. The United Nations, as the champion of financing for the SDGs, has a role in supporting Member States to implement the Task Force recommendations. The UN provides the platform for developing and overseeing on behalf of Member States the implementation of Sustainable Development Goals. As part of this, the Member States have agreed on the Addis Ababa Action Agenda and tasked UN DESA’s Financing for Sustainable Development Office to issue annual progress reports. This Task Force, an initiative of the Secretary General, was established as part of that mandate but without an explicit mandate to identify roles for the UN. That said, UN can play an important part in supporting Member States in their roles in implementing many of the recommendations:
By advancing sustainability-aligned digital financing solutions at the country and regional levels. In large part, this will involve a continuation and extension of on-going activities across many UN agencies involved in advancing digital financing solutions at the country and regional levels.
By building out international cooperation and governance, focused in particular on advancing appropriate governance principles and more inclusive policy and regulatory development.
By exemplifying good practice in transparency and accountability of its own financesincluding those it channels to activities in Member States. The UN channels significant volumes of public finance, largely Official Development Assistance, to developing countries. The Task Force’s recommendation to enhanced transparency and accountability public finance therefore pertains to UN’s own operations.
Beyond that, the Task Force recommendations may be relevant to the UN in its engagements with many parts of the private financial community, including impact investors, banks, institutional investors and insurers. There would be considerable value in bringing digitalization opportunities into its related programs and initiatives, including its financial sector-specific platforms such as the UNEP Finance Initiative and the Sustainable Stock Exchange initiative, and related platforms such as the Principles for Responsible Investment.
