05/02/2024 | Press release | Distributed by Public on 05/02/2024 07:57
The ITUC demands substantial changes in global financial strategies to better meet the Sustainable Development Goals (SDGs), after the conclusion of the United Nations' Financing for Development Forum (FfD Forum).
ITUC General Secretary Luc Triangle said: "There were several positive commitments at the conclusion of the FfD Forum that deserve cautious praise, but overall it's clear that we need a systematic shift, as we set out in our demands before the Forum, to deliver improvements for working people."
Key highlights from the FfD Forum outcomes include:
Message fort et clair de notre déléguée @CecileColy au Forum #ONU sur le financement du développement La participation du secteur privé dans le développement doit respecter les normes du #TravailDécent & les gouvs. doivent prendre leurs responsabilités dans ce sens✊#ffd2024pic.twitter.com/YomklmFE3k
- ITUC (@ituc) April 24, 2024
In this intervention at the FfD Forum, Anne Cecile Coly from UNSAS, Senegal, explained that private financing too often does not deliver the decent work promised, and that it is up to governments to change this.
Luc Triangle continued: "It is encouraging to see recognition of the need to scale up financing for development, but it's clearly not enough to meet the urgent need for a deep economic, societal and environmental transformation.
"It must translate into concrete, ambitious action at all levels including deeper reform of the international financial architecture, as we set out in this statement, to rescue the SDGs. We must continue this work at the Summit of the Future in September and the Financing for Development Conference in June 2025."