Editor's note: The forum co-organized by the Center for Change Governance of IE University and ICEX Invest's sovereign wealth research program in Spain was held on the 29th. to present the 2021 Sovereign Wealth Fund Report and engage in a high-level discussion on global sovereign wealth funds.

Amina J. Mohammed Deputy Secretary-General's remarks at the opening of the ECOSOC Financing for Development Forum Said：The global economy is under severe stress. 

Many developing countries are reeling from the crippling effects of an uneven recovery from the COVID-19 pandemic and the ticking time bomb of the climate crisis. Vaccine inequities continue.

The war in Ukraine is now sending shockwaves through global food, energy and financial markets.  

Many economies are at the brink of a downward spiral of insolvency, cuts in critical investments, economic contraction and rising unemployment.

To this end, after the meeting, our host Shi Yiiyi specially interviewed Elaine Genser, the Head of Partnerships and Investment Advisor Officer United Nations Joint SDG Fund who participated in the forum.

Elaine Genser, Head of Partnerships and Investment Advisor Officer United Nations Joint SDG FundThe host Shi Yiyi interviewed Elaine Genser, Head of Partnerships and Investment Advisor Officer United Nations Joint SDG FundModerator: Javier Capapé, Director SWR - Center for the Governance of Change, IE UniversityElaine Genser, Head of Partnerships and Investment Advisor Officer United Nations Joint SDG FundDaniel Adamson, President & Senior Managing Director, Capital Constellation & WafraAdrián Blanco, Head of Funding Department & Head of LATAM-Desk, ICEX

 What is Financing for Sustainable Development

The Addis Ababa Action Agenda, the outcome document from 2015,  provides a new global framework for financing sustainable development that aligns all financing flows and policies with economic, social and environmental priorities.

The Financing for Development process is centered around supporting the follow-up to the agreements and commitments reached during the three major international conferences on Financing for Development: in Monterrey, Mexico in 2002; in Doha, Qatar in 2008; and in Addis Ababa, Ethiopia in 2015. The process also follows up on the financing for development-related aspects of the outcomes of major United Nations conferences and summits in the economic and social fields, including the 2030 Agenda and the Sustainable Development Goals (SDGs).

The Addis Agenda provides a new global framework for financing sustainable development, which supports implementation of the 2030 Agenda, including the SDGs. The Agenda aligns all domestic and international resource flows, policies and international agreements with economic, social and environmental priorities. It incorporates all the SDG means of implementation targets into a comprehensive financing framework, and serves as a guide for further actions by governments, international organizations, the business sector, civil society, and philanthropists.