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UN forum to urge Asia and the Pacific to review fiscal space to scale up green transition

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Amidst weak economic growth prospects, high inflation and elevated interest rates, a UN regional gathering is bringing ministers, policymakers and experts to assess the effects of investments in the Sustainable Development Goals and reiterate the need to scale up the effort for climate action to meet the global commitments on the 2030 Agenda for Sustainable Development, which is at its midway point this year.

Convening from 1 to 3 November 2023 in Bangkok, the Fourth Session of the Committee on Macroeconomic Policy, Poverty Reduction and Financing for Development is slated to explore a new approach to assessing the effects of investment in the Sustainable Development Goals (SDGs) on public debt sustainability. The Committee is also expected to hear feedback on 10 proposed principles for action in sustainable finance, which encourages Governments, regulators and financial institutions to leverage their financial resources for net zero transition.  

Keynote speakers are scheduled to address additional topics such as the role of multilateral development banks as catalysts for net zero transition by strengthening climate finance partnerships and investment in energy transition projects and green technologies.

 

NOTE TO EDITOR: Members of the media are invited to attend in-person or via the online webcast

What: The Fourth Session of the Committee on Macroeconomic Policy, Poverty Reduction and Financing for Development

When: 1 – 3 November 2023

In-person accreditation: https://indico.un.org/event/1005886/ 

Watch online: https://www.youtube.com/unescap

For the full programme:  https://www.unescap.org/events/2023/committee-mpfd-fourth-session

Keynote remarks:

  • Armida Salsiah Alisjahbana, Under-Secretary-General of the United Nations and Executive Secretary of ESCAP
  • H.E. Mr. Shehan Semasinghe, State Minister of Finance, Ministry of Finance, Economic Stabilization and National Policies of Sri Lanka
  • H.E. Ms. Shamshad Akhtar, Minister of Finance, Revenue, Economic Affairs, and Privatization, Pakistan
  • H.E. Ms. Chea Serey, Governor of the National Bank of Cambodia
  • Mr. Pekka Moren, Special Representative for Climate Action of the Ministry of Finance of Finland
  • Ms. Rebeca Grynspan, Secretary-General of UNCTAD
  • Mr. Navid Hanif, Assistant Secretary-General for Economic Development, DESA
  • Mr. Avinash Persaud, Special Envoy to the Prime Minister of Barbados on Investment and Financial Services

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