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Strengthening the Means of Implementation and Partnership for SD

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16-18 April 2019. Marrakech, Morocco The Fifth (2019) session of the Africa Regional Forum on Sustainable Development (ARFSD 5)

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Strengthening the Means of Implementation and Partnership for SD

  1. 1. Fifth session of the Africa Regional Forum on Sustainable Development Strengthening the Means of Implementation and Partnership for SD Thierry Amoussougbo, UNIDEP 16 - 18 April 2019 Marrakech, Morocco 1 Fifth session of the Africa Regional Forum on Sustainable Development Empowering people and ensuring inclusiveness and equality
  2. 2. Means of implementation & Partnership OUTLINE UNECA.ORG GOAL 17 OUTLINE 2  FINANCE  TECHNOLOGY & CAPACITY  TRADE  KEY MESSAGES 2
  3. 3. Means of implementation & Partnership FINANCE UNECA.ORG GOAL 17 | FINANCE 3  Large financing needs  Annual investment needs: $600-638 bn; ≈1/3 of total GDP  Infrastructure financing gap stands at between $50 billion and $93 billion  Government revenue-to-GDP ratios low; some improvements  Government revenue-to-GDP ratio ≈24.7% (2000-2017);  Tax-to-GDP ratio ↑ from ≈12% (2000) to 16% (2014)  scope for more tax revenue generation  Foreign Direct Investment can finance growth, … investment climate matters.  FDI to Africa declined from ≈$57 bn <$42 bn (2015-2017)  FDI inflows projected to ↑ by 20% in 2018 to $50 bn  Remittances an important source of forex earnings  Reached ≈$77 bn in 2017 (≈4.3% of GDP)  Capital markets - a platform for mobilizing long-term capital - through both debt and equity markets  But Africa’s capital markets still nascent; account for < 1% of global stock market capitalization 3
  4. 4. Means of implementation & Partnership TECHNOLOGY & CAPACITY UNECA.ORG GOAL 17 | TECHNOLOGY and CAPACITY 4  Africa desperately need STI to address its major SDG challenges  STI , has been a foundation for socio-economic and environment transformation  Harness/promote : research, innovation, investment infrastructure, critical mass of scientist, digitalization,  R&D<1% Researchers = 2.2% of the World  Mobile technology : 444 million inhabitants; employed 3 million individuals, generated $110 billion and contributed $14 billion to public funding in sub-Saharan Africa in 2017  Capacity building and systemic issues  Most of African countries have developed financing and capacity development strategies  Many South-South capacity-building initiatives were implemented in 2018.  In terms of monitoring and benchmarking the SDG many countries in Africa lack the capacity to collect, manage and report on SDG 4
  5. 5. Means of implementation & Partnership TRADE UNECA.ORG GOAL 17 | TRADE 5  International Trade  International trade constitutes an engine for inclusive economic growth and poverty reduction,  However today, the multilateral trading system is under threat  Proliferation of trade-restrictive actions  uncertainty multilateral trading environment  Moving towards an operational AfCFTA  World’s largest free trade area since the formation of the World Trade Organization (WTO)  Market of 1.2 billion people and a gross domestic product (GDP) of $2.2 trillion  AfCFTA and African Trade Observatory will significantly enhance achievement of SDGs and structural transformation in Africa  Countries need to ratify the Agreement Establishing the African Continental Free Trade Area and open their borders to ease the movement of people and goods. 5
  6. 6. Means of implementation & Partnership Key Messages UNECA.ORG GOAL 17 | Key Messages 6  Finance  Implement integrated resource mobilization, budgeting and development planning processes and decentralized public financial management  Strengthening capital markets promote enabling env for private sector investments  Improving mobilization of non-tax revenue; harness digitalisation opportunities to widen the tax base, reduce revenue collection costs and improve tax administration mechanisms  Technology, capacity, systemic issues  Promote enabling environment to mainstreaming STI in SDGs, support infrastructure development, capacity building, research, effective national and regional innovation systems  Strengthen capacity of national statistic systems to ensure quality, timely and up-to-date data on SDGs  Strong government institutions and processes inclusive of all vulnerable groups are essential for enhancing the quantity and quality of the means of implementation. 6
  7. 7. Means of implementation & Partnership Key Messages UNECA.ORG GOAL 17 | Key Messages 7  Trade  Enable the ratification of AfCFTA by all African countries  Promote the development of AfCFTA related national strategies and plans 7
  8. 8. THANK YOU! Follow the conversation: #ARFSD2019 More: www.uneca.org/arfsd2019 8

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