Regional Forum calls for innovative financing for the SDGs in Africa | News | SDG Knowledge Center

by MMC
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The United Nations Economic Commission for Africa (ECA) held its 2023 Regional Forum on Sustainable Development (RFSD). Delegates adopted the “Niamey Declaration on Accelerating Inclusive and Green Recovery after Multiple crises and the integrated and comprehensive implementation of the 2030 Agenda for Sustainable Development and the African Union’s Agenda 2063: The Africa We Want.

With Key messages of the African Regional Forum on Sustainable Development (ARFSD), the Declaration will be presented at the July 2023 meeting of the High Level Political Forum on Sustainable Development (HLPF) and the SDG Summit in September.

The ninth session of the Forum was held from February 28 to March 2, 2023 in Niamey, Niger, in person and online. Five SDGs – 6 (clean water and sanitation), 7 (clean and affordable energy), 9 (industry, innovation and infrastructure), 11 (sustainable cities and communities) and 17 (partnerships for the goals) – and the corresponding L goals Agenda 2063 has been the subject of extensive review. Participants shared their experiences, good practices and lessons learned from the implementation of the two programs.

At the opening of the Forum, the Deputy Secretary-General of the UN, Amina Mohammed Underlines the impacts of the cascading crises that Africa is today experiencing “full force”, including the climate crisis, the war in Ukraine and the “socio-economic fallout of COVID-19”. She highlighted that the current global trajectory towards 2.7°C warming could result in losses of almost 15% of gross domestic product (GDP) in the Sahel region. She said the midpoint between the SDGs and Agenda 2063 is the moment for solidarity, leadership and engagement, and highlighted the role of Africa-led solutions to “change course and meet the challenge.” challenge of Agenda 2063”. and the SDGs.

Mohammed called on world leaders to support “solutions for a thriving Africa”, such as the African Union (AU) action plan on sustainable industrialization and economic diversification and development. a sustainable value chain for minerals for electric vehicle batteries by the CEA and its partners. She said the September SDG Summit must deliver results in three areas: reinvigorating national SDG pledges; make tangible progress in financing the SDGs; and reinvigorate the concept of true partnership.

During the closing, Hanan Morsy, Deputy Executive Secretary of the ECA stressed the need for a “renewed sense of solidarity and an understanding that we will experience a faster global recovery if we are willing to invest in the regions where the greatest potential gains can be made.” She called for mobilizing the private sector, ensuring access to more blended financing tools and strengthening the mobilization of domestic resources in African countries.

The governments participating in the Forum adopted the Niamey Declarationwhich:

  • Calls for support for African countries “in pursuing resource-based industrialization, including the promotion of a mineral value chain for lithium-ion batteries”;
  • Invites development partners to help African countries access innovative sources of financing;
  • Calls for increased support for, among other initiatives: national and local voluntary reviews; debt-for-nature swaps; the regional digital carbon register; capacity building for green, blue and sustainable bonds; the Great Blue Wall initiative; and the Liquidity and Sustainability Facility, to overcome financing challenges to accelerate the implementation of Agenda 2030 and Agenda 2063;
  • Requests support for capacity building in African countries to effectively implement the Kunming-Montreal Global Biodiversity Framework (GBF);
  • Calls on African countries to redefine their economic models to protect water and land, promote renewable energy and a just transition, implement green and resilient infrastructure that supports sustainable industrialization and support urbanization that enables inclusive growth, recognizing the value of human capital; And
  • Encourages African countries to harness cutting-edge science, innovation and emerging technologies, including artificial intelligence (AI), and the potential of young people to drive transformative change over the next ten years.

The Forum is an annual multi-stakeholder platform organized by the ECA and the host government – ​​this year, Niger – in collaboration with the AU Commission, the African Development Bank (AfDB) and other United Nations entities. The Forum was preceded by a workshop of large groups and other stakeholdersTHE Fifth African Forum on Science, Technology and InnovationA Workshop on Voluntary National Reviews (VNR) and Voluntary Local Reviews (VLE)and the second session of the fourth edition of the Africa Climate Talks.

The African forum was the first in a series of five regional gatherings for each group of UN member states, in preparation for the HLPF in July 2023 and the SDG Summit in September. (ARFSD 2023 Website)

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