Nairobi, Kenya – Yesterday, May 4, 2023, marked an important milestone in the ongoing discussions around the redesign of international financial architecture and the implementation of the Common Agenda and SDG investment strategy. The United Nations Secretary General’s Executive Board convened in Nairobi, Kenya, for a day of discussions and planning.
Representatives from 36 member states came together to exchange ideas and insights on how to better align financial systems with the needs of people and the planet. The discussions focused on creating a more inclusive and sustainable financial system that can support the achievement of the Sustainable Development Goals (SDGs) and the implementation of the Common Agenda.
The Common Agenda is a framework for cooperation among countries and other stakeholders that seeks to accelerate progress towards the SDGs. The SDGs provide a shared blueprint for peace and prosperity for people and the planet, now and into the future.
The meeting was an opportunity for the Board to discuss how to prioritize and support the implementation of the Common Agenda and SDG investment strategy. The discussions were lively and productive, with participants sharing their experiences and perspectives on how to create a more sustainable and equitable financial system.
What a fantastic day in Nairobi discussing a redesign of international financial architecture, the Common Agenda and SDG investment strategy with the UN Secretary General’s Executive Board. Thank you @AminaJMohammed and @antonioguterres !! pic.twitter.com/rS47bXkmlS
— Mariana Mazzucato (@MazzucatoM) May 4, 2023Participants also emphasized the importance of incorporating diverse perspectives, including those of women, youth, indigenous peoples, and persons with disabilities, into the design and implementation of financial systems.
Speaking after the meeting, the UN Secretary General’s Special Advisor on the Common Agenda, Ms. Amina Mohammed, emphasized the importance of yesterday’s discussions. “We are at a critical juncture in our efforts to achieve the SDGs and implement the Common Agenda,” she said. “The discussions yesterday have been incredibly fruitful and have provided us with valuable insights and ideas for how we can work together to build a more inclusive and sustainable financial system.”
Overall, yesterday’s meeting was a testament to the power of collaboration and the shared commitment of countries around the world to create a better future for all. As the discussions continue, there is hope that the redesign of international financial architecture will be shaped by the principles of sustainability, inclusivity, and shared prosperity.
