Alem Tedeneke, Media Lead SDGs, Public Engagement, Tel.: +1 646 204 9191, Email: email@example.com
· To meet the goal of ending extreme poverty, it is critical to work towards peace and security
· Achieving the Sustainable Development Goals will cost an estimated $7 billion a year – a challenge, but also an opportunity to use public money to create the enabling environment for private investment
· Political leadership is needed to invest in a “rules-based world order” based on strong international institutions
· Meet the 100 coalitions accelerating climate action and sustainable development http://wef.ch/coalitions
· More information at www.wef.ch/SDI18 and follow the conversation at #wefimpact
New York, 24 September 2018 – It is possible to align security and development goals but it will depend on resolving conflicts, addressing poverty, rebuilding trust and engaging women. Leaders in development and finance debated the building blocks of creating peace and told participants at the World Economic Forum’s Sustainable Development Impact Summit that all issues must be addressed to create sustainable solutions.
Kristalina Georgieva, Chief Executive Officer, World Bank, said: “We can celebrate the decline of extreme poverty – 1.1 billion people have been lifted out of poverty. But to meet the goal of ending extreme poverty, we have to worry about peace and security.” She pointed out that when conflicts are raging, there are other severe factors, such as another crippling wave of Ebola disease in the Democratic Republic of Congo.
“This lack of security is hitting people once, twice and three times,” Georgieva said. In addition, people are suffering from vulnerability to climate change. “Countries that have done the least to contribute to climate change are the most to suffer,” she said. “We are not balancing in investment in mitigation and adaptation.”
Achieving the Sustainable Development Goals (SDGs) will cost an estimated $7 billion a year, but Georgieva pointed out that trillions of dollars are sitting idle around the world. Policies are needed to give investors certainty. “It is a challenge but also an opportunity to use public money to create the enabling environment for private investments to flow,” she said. This is in the hands of people, businesses and countries, and policies are needed to give investors certainty. “People also need confidence [and trust] that investors will not come and rip them off,” she added.
The World Bank has 72 projects addressing institutional weaknesses. “Are we there yet? Not quite. Are we going in the right direction? For sure,” Georgieva concluded.
Luis Alberto Moreno, President, Inter-American Development Bank, said it is necessary to multiply initiatives and to understand that for every dollar of an organization’s financing, we need to create situations to see that money is moving through the system. This, he added, will create an appetite for owners of savings to use them. “There is an appetite for doing things around climate change,” he said. To encourage investment, Moreno said it is important to manage the risks for the private sector. “We need to see what we can do to mitigate risks by using blended finance,” he added. “We are collectively wrestling with it. We are going in the right direction, but we are way behind.”
Bineta Diop, Founder and President, Femmes, Africa Solidarité, addressed the issue of women, peace and security in Africa. “I have spent most of my life in conflict,” she said. “When people discuss conflict, the first country you think about is Africa. When I see people suffering, I think something can be done in this nexus of peace and development. Human beings are caught in the middle.”
Diop recommended that more GDP needs to be invested in people. “We need to shift to see how we invest if we want to achieve the SDGs. We need to invest in development seriously – but real investment.” She gave the example of countries that have consistent sunshine and can profit from solar. “This is a real investment. Electricity brings people water and light, so it is necessary to invest in infrastructure and new technology,” she added.
Diop’s organization is working in 22 countries in Africa with a Plan of Action for women’s peace and security, which will lead to sustainable peace and development. “I want all African states to have a Plan of Action,” she said. In this way, women are contributing to prevention. She also pointed out that “Africa has to invest in Africa.” It is a poor continent, but when you look at resources, Diop said, “we are a rich country.” She called for European leaders to support women by helping to build the skills of Africans.
Thomas Greminger, Secretary-General, Organization for Security and Co-operation in Europe (OSCE), raised concern about a return to war in Europe, pointing to the conflict in Ukraine, now in its fifth year. “This is very much at the top of our agenda at OSCE. It undermines trust and confidence among the key stakeholders,” he said. “There is a heavy toll on the ground in terms of suffering and we are also paying a high price for it.”
The OSCE has developed a toolbox to tackle crises and minority-related conflict. “These are tools of prevention and diplomacy,” Greminger said. “We are trying to bring conflicts closer to resolution, but we also need political will.” He called for political leadership to invest in a “rules-based world order” built on strong international institutions. “If the international community pushes, progress is possible in a country,” he said.
The World Economic Forum, the International Organization for Public-Private Cooperation, hosts its second Sustainable Development Impact Summit in New York on 24-25 September to drive solutions for the 2030 Agenda for Sustainable Development and Paris Agreement on climate change.
Notes to editors:
Watch live webcasts of sessions and get more information about the event at http://wef.ch/SDI18
Guide to how to follow and embed sessions on your website at http://wef.ch/howtofollow
View the best photos from the event at http://wef.ch/pix
Become a fan of the Forum on Facebook at http://wef.ch/facebook
Watch our videos at http://wef.ch/video
Follow our Instagram at http://wef.ch/instagram
Follow us on LinkedIn at http://wef.ch/linkedin
Learn about the Forum’s impact on http://wef.ch/impact
Subscribe to Forum news releases at http://wef.ch/news