On 8 and 9 December, the ESCWA Committee on Financing for Development held its 2nd session in Cairo to discuss financing for development challenges, including public debt and debt sustainability, as well as climate finance needs and flows and the ESCWA Initiative on Debt Swaps for Climate and Sustainable Development Goals Finance in the Arab region.
ESCWA stressed that for every $1 mobilized by Arab States from various sources of financing for development, they lose $1.44 which leave the region. This represents a major gap in efforts to achieve financial sustainability.
The Committee also held a workshop on integrated national financing frameworks (INFFs) in collaboration with the UN Department of Economic and Social Affairs (DESA) and discussed an Arab financing for development framework that can constitute a roadmap for the next couple of years.
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14 Dec 2021
The 2nd session of ESCWA Committee on Financing for Development
