The global financial crisisand its potential impact for

multilateralism and UNESCO

The global financial crisisand its potential impact for

multilateralism and UNESCO

Presentation byHans d’Orville, ADG/BSP

“90 minutes to convince”27 January 2009

Presentation byHans d’Orville, ADG/BSP

“90 minutes to convince”27 January 2009

A quadruple global crisis unfolds

A quadruple global crisis unfolds

In the prime of globalization, we are experiencing an accumulation of four interrelated crises, mutually feeding on each other: Climate change crisis oil and energy (price) crisis Food (and hunger) crisis Financial and economic crisis

In the prime of globalization, we are experiencing an accumulation of four interrelated crises, mutually feeding on each other: Climate change crisis oil and energy (price) crisis Food (and hunger) crisis Financial and economic crisis

A quadruple crisis unfoldsA quadruple crisis unfolds

The consequences of these crisis - individually and even more so combined - for development and all stakeholders involved (people, governments, civil society, private sector, NGOs, multilateral agencies) may be devastating.

Hence there is an urgent need to develop effective strategies to prepare for all eventualities and to compensate and counter any negative fall-out.

The consequences of these crisis - individually and even more so combined - for development and all stakeholders involved (people, governments, civil society, private sector, NGOs, multilateral agencies) may be devastating.

Hence there is an urgent need to develop effective strategies to prepare for all eventualities and to compensate and counter any negative fall-out.

The new global s(l)(h)owdown

The new global s(l)(h)owdown Profound and deepening financial and

economic crisis affecting all countries - the impact of real global interdependency -, requiring injection of (hundreds of) billions of US$ by Governments a) into banking sector to maintain liquidity of banks and uphold their ability to provide credit - and b) to provide economic stimulus programmes of a Keynesian nature

Real estate/housing market meltdown - with many foreclosures and personal bankruptcies

Stock and commodity market crash (“krach”) and shrinking confidence/trust in economy

Profound and deepening financial and economic crisis affecting all countries - the impact of real global interdependency -, requiring injection of (hundreds of) billions of US$ by Governments a) into banking sector to maintain liquidity of banks and uphold their ability to provide credit - and b) to provide economic stimulus programmes of a Keynesian nature

Real estate/housing market meltdown - with many foreclosures and personal bankruptcies

Stock and commodity market crash (“krach”) and shrinking confidence/trust in economy

The new global s(l)(h)owdown 2The new global s(l)(h)owdown 2 Deep and long global economic recession

looms for ALL countries - with high unemployment, shrinking tax receipts, lower exports and trade, gyration in value of currencies, decreasing tourism income, reduced consumption levels - and the specter of deflation

Oil and commodity prices are in a steep fall, affecting the income of many oil-producing (developing) countries - while lessening the burden for the majority of the developing countries, which had absorbed e.g. in many African countries all ODA inflows

Deep and long global economic recession looms for ALL countries - with high unemployment, shrinking tax receipts, lower exports and trade, gyration in value of currencies, decreasing tourism income, reduced consumption levels - and the specter of deflation

Oil and commodity prices are in a steep fall, affecting the income of many oil-producing (developing) countries - while lessening the burden for the majority of the developing countries, which had absorbed e.g. in many African countries all ODA inflows

The new global s(l)(h)owdown 3The new global s(l)(h)owdown 3 All these pressures reduce the ability of

Governments in industrialised and developing countries alike to steer their economies; budget deficits are rising again (in the EU likely above the 3% Maastricht mark)

Governments are forced to prune their budgets so as to reach as balanced a budget as possible, especially if they require IMF standby credits

The return of the virtue of deficit spending Moral hazard: Need for more equity in policy-

making and allocation of public funds

All these pressures reduce the ability of Governments in industrialised and developing countries alike to steer their economies; budget deficits are rising again (in the EU likely above the 3% Maastricht mark)

Governments are forced to prune their budgets so as to reach as balanced a budget as possible, especially if they require IMF standby credits

The return of the virtue of deficit spending Moral hazard: Need for more equity in policy-

making and allocation of public funds

The ethical dimensionThe ethical dimension The global financial crisis has spread like

wildfire across the world because one single model of globalization, i.e. liberalizing market economy without regard to diversity, different stages of development, needs etc. was pursued.

The deliberate pushing aside of alternative models and approaches points to a moral and ethical deficency, which policy-makers would have to account for.

Kofi Annan recently denounced as “incredibly short-sighted - as well as immoral for wealthy countries to use this financial crisis to drop promises to help the poorest“ (IHT)

The global financial crisis has spread like wildfire across the world because one single model of globalization, i.e. liberalizing market economy without regard to diversity, different stages of development, needs etc. was pursued.

The deliberate pushing aside of alternative models and approaches points to a moral and ethical deficency, which policy-makers would have to account for.

Kofi Annan recently denounced as “incredibly short-sighted - as well as immoral for wealthy countries to use this financial crisis to drop promises to help the poorest“ (IHT)

The consequencesThe consequences Developing countries, the most defenseless - and

often times “innocent bystanders” - face a perfect storm (WB) and for them the crisis may translate into lower government budget allocations to social AND

productive sectors; Less (discretionary) funds for activities in ED, SC, CLT

and CI Lesser prospects for attainment of IADGs/MDGs by

2015 rising poverty levels - indeed more than 100 million

people have already been pushed back into poverty since onset of crisis (WB President Zoellick)

More demand for official development assistance (ODA) and foreign direct investment (FDI) flows

More demand for multilateral and NGO/foundation funds

More recourse to South-South cooperation

Developing countries, the most defenseless - and often times “innocent bystanders” - face a perfect storm (WB) and for them the crisis may translate into lower government budget allocations to social AND

productive sectors; Less (discretionary) funds for activities in ED, SC, CLT

and CI Lesser prospects for attainment of IADGs/MDGs by

2015 rising poverty levels - indeed more than 100 million

people have already been pushed back into poverty since onset of crisis (WB President Zoellick)

More demand for official development assistance (ODA) and foreign direct investment (FDI) flows

More demand for multilateral and NGO/foundation funds

More recourse to South-South cooperation

The consequences 2The consequences 2 For industrialised countries, this may translate

into Lower ODA earmarking and allocations, abandoning

commitments made only recently (e.g. 2005 G-8 Gleneagles commitment to double aid to Africa by 2010) - at present, US$ 30 billion short;

overall, more pronounced trend towards lower ODA Less ODA for select sectors, especially those not

protected by specific international pledges or agreements

Less availability of discretionary funds and hence lower/stagnant levels of extrabudgetary contributions to multilateral organisations

Lack of readiness to subscribe to new multilateral initiatives

For industrialised countries, this may translate into Lower ODA earmarking and allocations, abandoning

commitments made only recently (e.g. 2005 G-8 Gleneagles commitment to double aid to Africa by 2010) - at present, US$ 30 billion short;

overall, more pronounced trend towards lower ODA Less ODA for select sectors, especially those not

protected by specific international pledges or agreements

Less availability of discretionary funds and hence lower/stagnant levels of extrabudgetary contributions to multilateral organisations

Lack of readiness to subscribe to new multilateral initiatives

The consequences 3The consequences 3 For the private sector, this may translate

into Lower economic growth Less trade with developing countries irrespective

of trade barriers and custom levels Lower levels of FDI flows Less loans for investment and trade in developing

countries Lack of interest in new public-private

partnerships requiring private sector funding Overall, reduced confidence in market forces Lower volume of donations to NGOs and charities Lower programme funds earmarked by

foundations?

For the private sector, this may translate into Lower economic growth Less trade with developing countries irrespective

of trade barriers and custom levels Lower levels of FDI flows Less loans for investment and trade in developing

countries Lack of interest in new public-private

partnerships requiring private sector funding Overall, reduced confidence in market forces Lower volume of donations to NGOs and charities Lower programme funds earmarked by

foundations?

The multilateral falloutThe multilateral fallout Global “collisions” and contradictions arise;

difficult to resolve - e.g., lower budget allocations by developing countries makes them look towards UN agencies which by themselves my be hit by lower budgets - or promote trade while credit dries up

doing more with less: demand by developing countries for assistance will increase while contributions to agencies are likely to decrease (zng or worse)

It may also mean more focus on upstream advice

Global “collisions” and contradictions arise; difficult to resolve - e.g., lower budget allocations by developing countries makes them look towards UN agencies which by themselves my be hit by lower budgets - or promote trade while credit dries up

doing more with less: demand by developing countries for assistance will increase while contributions to agencies are likely to decrease (zng or worse)

It may also mean more focus on upstream advice

The multilateral fallout 2The multilateral fallout 2

Can there be additionality even for (UN) reform frameworks and how long will current commitments hold (e.g. MDG-F and its new windows; support to One UN Funds; no country left behind in EFA who has a credible national EFA plan)?

How will IMF loans and the related conditionalities affect UNDAFs and One Programmes/Funds (e.g. Pakistan)?

Will UN reform efforts at the country level be affected - if additional donor funds are not forthcoming to One or UNDAF Funds?

Can there be additionality even for (UN) reform frameworks and how long will current commitments hold (e.g. MDG-F and its new windows; support to One UN Funds; no country left behind in EFA who has a credible national EFA plan)?

How will IMF loans and the related conditionalities affect UNDAFs and One Programmes/Funds (e.g. Pakistan)?

Will UN reform efforts at the country level be affected - if additional donor funds are not forthcoming to One or UNDAF Funds?

The multilateral fallout 3The multilateral fallout 3 Will governments and multilateral agencies be

able to maintain their professed commitment to fight climate change and environmental degradation - or will that be sacrificed for straightforward economic survival action and other more immediate priorities??

Will any sectoral priorities be sacrificed or pushed back?

Overall - will there be a need to redefine multilateralism - towards more collaboration?

Danger: excessive focus on new, more transparent and accountable financial architecture, without regard to the level of real needs of people and infrastructure needs

Will governments and multilateral agencies be able to maintain their professed commitment to fight climate change and environmental degradation - or will that be sacrificed for straightforward economic survival action and other more immediate priorities??

Will any sectoral priorities be sacrificed or pushed back?

Overall - will there be a need to redefine multilateralism - towards more collaboration?

Danger: excessive focus on new, more transparent and accountable financial architecture, without regard to the level of real needs of people and infrastructure needs

G-20 Summit Washington15 November 2008 - signal of

hope?

G-20 Summit Washington15 November 2008 - signal of

hope? The G-20 Declaration of the Summit on Financial Markets and the World Economy on 15 November 2008 outlined a roadmap for future action to stabilise and reform financial markets, to preserve an open global economy, to promote trade, to provide credit and liquidity and to restart economic growth and overcome recession

Major focus was on strengthening transparency and accountability curbing speculation in currency, financial and commodity markets; enhancing sound regulation nationally and internationally; promoting integrity in financial markets; and reinforcing international cooperation

But the summit also emphasized in the concluding section on a “commitment to an open global economy” - though almost as an afterthought and with rather weak and little compelling language or conviction - on:

The G-20 Declaration of the Summit on Financial Markets and the World Economy on 15 November 2008 outlined a roadmap for future action to stabilise and reform financial markets, to preserve an open global economy, to promote trade, to provide credit and liquidity and to restart economic growth and overcome recession

Major focus was on strengthening transparency and accountability curbing speculation in currency, financial and commodity markets; enhancing sound regulation nationally and internationally; promoting integrity in financial markets; and reinforcing international cooperation

But the summit also emphasized in the concluding section on a “commitment to an open global economy” - though almost as an afterthought and with rather weak and little compelling language or conviction - on:

G-20 summit - a signal of hope?

G-20 summit - a signal of hope? A commitment to free market principles which are

essential to economic growth and prosperity and have lifted millions out of poverty;

The importance of rejecting protectionism and not turning inward in times of financial uncertainty;

The impact of the crisis on developing countries, particularly the most vulnerable;

The importance of the MDGs, the development assistance commitments the participants have made

Urge both developed and emerging countries to undertake commitments consistent with their capacities and roles in the global economy

Reaffirm the development principles agreed at the 2002 Monterrey Conference on Financing for Development, which emphasized country ownership and mobilizing all sources of financing for development.

A commitment to free market principles which are essential to economic growth and prosperity and have lifted millions out of poverty;

The importance of rejecting protectionism and not turning inward in times of financial uncertainty;

The impact of the crisis on developing countries, particularly the most vulnerable;

The importance of the MDGs, the development assistance commitments the participants have made

Urge both developed and emerging countries to undertake commitments consistent with their capacities and roles in the global economy

Reaffirm the development principles agreed at the 2002 Monterrey Conference on Financing for Development, which emphasized country ownership and mobilizing all sources of financing for development.

The lacunae in the G-20 message

The lacunae in the G-20 messageSadly, no word about preventing a rollback in the

volume of development finance, the need for investment in education and health precisely at the present juncture to build the foundations for future development and prosperity, or underlining the critical role of and providing the necessary resources to other multilateral organisations than the Bretton Woods institutions…..

We are left simply with a statement that the summitteers are confident that through coordinated partnership, cooperation and multilateralism (of an undefined type), the world will overcome the challenges before it and restory stability and prosperity in the world economy.

Sadly, no word about preventing a rollback in the volume of development finance, the need for investment in education and health precisely at the present juncture to build the foundations for future development and prosperity, or underlining the critical role of and providing the necessary resources to other multilateral organisations than the Bretton Woods institutions…..

We are left simply with a statement that the summitteers are confident that through coordinated partnership, cooperation and multilateralism (of an undefined type), the world will overcome the challenges before it and restory stability and prosperity in the world economy.

World Bank calls for aid boost

World Bank calls for aid boost

The World Bank President called on donors to boost financial aid to developing nations which find themselves at the mercy of a crisis that “is not of their making”

Empowering developing and emerging countries and economies is imperative

Helping nations pursue economic development and long-term prosperity should be the goal of development finance.

The World Bank President called on donors to boost financial aid to developing nations which find themselves at the mercy of a crisis that “is not of their making”

Empowering developing and emerging countries and economies is imperative

Helping nations pursue economic development and long-term prosperity should be the goal of development finance.

Doha Follow-up International Conference to the Monterrey

Consensus -

28 November - 2 December 2008

Doha Follow-up International Conference to the Monterrey

Consensus -

28 November - 2 December 2008 It adopted a voluminous Outcome Document containing the Doha Declaration on Financing for Development, now to be submitted to the UN General Assembly for endorsement.

Highlights of this Declaration: a) the reconfirmation by and large of the Monterrey

Consensus (insofar not breaking any new ground);b) the emphasis, especially at the insistence of

developing countries, on the need to remain committed to the current ODA targets, irrespective of the fallout of the present crisis;

c) in addition to the traditional supply side concerns of domestic resource mobilization, ODA, debt relief and trade a strong focus on innovative financing approaches;

It adopted a voluminous Outcome Document containing the Doha Declaration on Financing for Development, now to be submitted to the UN General Assembly for endorsement.

Highlights of this Declaration: a) the reconfirmation by and large of the Monterrey

Consensus (insofar not breaking any new ground);b) the emphasis, especially at the insistence of

developing countries, on the need to remain committed to the current ODA targets, irrespective of the fallout of the present crisis;

c) in addition to the traditional supply side concerns of domestic resource mobilization, ODA, debt relief and trade a strong focus on innovative financing approaches;

Doha - cont’dDoha - cont’dd) a strong section on gender equality and the

economics of gender;e) an explicit focus on social investment, including

education not least driven and inspired by UNESCO’s successful High-level event; and

f) a decision to hold a UN conference at the highest level on the impact of the current financial and economic crisis on development.

g) On the margins of the Conference, the President of the General Assembly also launched a Commission of Experts on Reforms of the International Monetary and Financial System.

h) If anything, the continued absence of scientific, cultural and communication issues on the agendas and the outcome documents of conferences like the one in Doha is a source of dissatisfaction and we may need to reflect how to remedy this deficiency.

d) a strong section on gender equality and the economics of gender;

e) an explicit focus on social investment, including education not least driven and inspired by UNESCO’s successful High-level event; and

f) a decision to hold a UN conference at the highest level on the impact of the current financial and economic crisis on development.

g) On the margins of the Conference, the President of the General Assembly also launched a Commission of Experts on Reforms of the International Monetary and Financial System.

h) If anything, the continued absence of scientific, cultural and communication issues on the agendas and the outcome documents of conferences like the one in Doha is a source of dissatisfaction and we may need to reflect how to remedy this deficiency.

Financing Education in Conflict-Affected Areas to Achieve EFA

Goals

Financing Education in Conflict-Affected Areas to Achieve EFA

Goals From UNESCO’s perspective, most significant was the

High level Side Event: Financing Education in Conflict Affected Areas to Achieve the Education for All Goals. It was organized by ED and NYLO and held under the auspices of First Lady Sheikha Mozah. The list of participants further included the UN Secretary-General, the President of Burundi, the Vice-President of El Salvador, the President of the UN General Assembly, numerous Development Cooperation Ministers and Heads of bilateral agencies (e.g. Netherlands, USA) as well as senior officials, NGO leaders and senior colleagues from the UN system (World Bank, UNICEF, UNFPA) and regional development banks (Asian Development Bank).

From UNESCO’s perspective, most significant was the High level Side Event: Financing Education in Conflict Affected Areas to Achieve the Education for All Goals. It was organized by ED and NYLO and held under the auspices of First Lady Sheikha Mozah. The list of participants further included the UN Secretary-General, the President of Burundi, the Vice-President of El Salvador, the President of the UN General Assembly, numerous Development Cooperation Ministers and Heads of bilateral agencies (e.g. Netherlands, USA) as well as senior officials, NGO leaders and senior colleagues from the UN system (World Bank, UNICEF, UNFPA) and regional development banks (Asian Development Bank).

Education in Conflict-Affected Areas - cont’d

Education in Conflict-Affected Areas - cont’d

The discussion resulted in the Doha Statement on Financing Education in Conflict Affected Areas. This event laid an excellent foundation for the upcoming spring 2009 discussion by the UN General Assembly on the very subject. 

The discussion resulted in the Doha Statement on Financing Education in Conflict Affected Areas. This event laid an excellent foundation for the upcoming spring 2009 discussion by the UN General Assembly on the very subject. 

High-level Group on EFA, 8th Meeting - 16-18 Dec 2008, Oslo

High-level Group on EFA, 8th Meeting - 16-18 Dec 2008, Oslo

The OSLO DECLARATION “ACTING TOGETHER”, was adopted by the participating Ministers, leading officials of multilateral and bilateral agencies, senior representatives of civil society and private sector organisations, gathered at the invitation of the Director-General of UNESCO and of the Minister of Environment and International Development of Norway

The OSLO DECLARATION “ACTING TOGETHER”, was adopted by the participating Ministers, leading officials of multilateral and bilateral agencies, senior representatives of civil society and private sector organisations, gathered at the invitation of the Director-General of UNESCO and of the Minister of Environment and International Development of Norway

Oslo Declaration - cont’dOslo Declaration - cont’dThe HLG noted that it took place in the context of a global

economic slowdown spurred by a financial crisis unprecedented since the 1930s. The Declaration stated that “It will be imperative to protect and insulate the world’s poorest children, youth and adults from the worst effects of the crisis, as they carry the least responsibility for these events. The crisis should not serve as justification for any reduction in national spending and international aid to education. Instead, steadfast support for achieving the internationally agreed development goals, including the EFA and Millennium Development Goals (MDGs), is more vital than it was before the crisis.”

The HLG noted that it took place in the context of a global economic slowdown spurred by a financial crisis unprecedented since the 1930s. The Declaration stated that “It will be imperative to protect and insulate the world’s poorest children, youth and adults from the worst effects of the crisis, as they carry the least responsibility for these events. The crisis should not serve as justification for any reduction in national spending and international aid to education. Instead, steadfast support for achieving the internationally agreed development goals, including the EFA and Millennium Development Goals (MDGs), is more vital than it was before the crisis.”

Oslo Declaration - cont’dOslo Declaration - cont’dReaffirming the centrality of education for development (3.) … we reaffirm that education is a fundamental human

right, to be respected at all times. It is one of the most effective tools for achieving inclusive and sustainable economic growth and recovery, reducing poverty, hunger and child labour, improving health, incomes and livelihoods, for promoting peace, democracy and environmental awareness. Education empowers individuals with the knowledge, values and skills they need to make choices and shape their future. Universal access to quality basic education and better learning outcomes are the drivers to achieve the IADGs, including the MDGs. As reaffirmed at the September 2008 United Nations MDGs summit, sustained investment in education and health is essential for reaching the MDGs.

Reaffirming the centrality of education for development (3.) … we reaffirm that education is a fundamental human

right, to be respected at all times. It is one of the most effective tools for achieving inclusive and sustainable economic growth and recovery, reducing poverty, hunger and child labour, improving health, incomes and livelihoods, for promoting peace, democracy and environmental awareness. Education empowers individuals with the knowledge, values and skills they need to make choices and shape their future. Universal access to quality basic education and better learning outcomes are the drivers to achieve the IADGs, including the MDGs. As reaffirmed at the September 2008 United Nations MDGs summit, sustained investment in education and health is essential for reaching the MDGs.

Oslo Declaration - cont’dOslo Declaration - cont’d (4.) We therefore agree to better plan and coordinate global advocacy

efforts for all six EFA goals. We task the EFA convening agencies and interested EFA partners to further develop a joint EFA advocacy plan of action and present its first results to the next meeting….

(5.) Educational strategies need to be integrated within broader anti-poverty and national development policy frameworks. The fact that child malnutrition and ill health remain a major obstacle to educational access and achievement for the poor highlights the intricate connections among education, health and social conditions. It underscores the need for stronger inter-sectoral policy coordination.

(6.) We request the EFA convening agencies, to engage with relevant UN agencies such as the WHO and the WFP as well as interested EFA partners in order to better coordinate education, health and nutrition initiatives in integrated programmes, targeting young children in poor communities in countries far from EFA. We commit to support such initiatives that should be country driven and backed by development partners.

(4.) We therefore agree to better plan and coordinate global advocacy efforts for all six EFA goals. We task the EFA convening agencies and interested EFA partners to further develop a joint EFA advocacy plan of action and present its first results to the next meeting….

(5.) Educational strategies need to be integrated within broader anti-poverty and national development policy frameworks. The fact that child malnutrition and ill health remain a major obstacle to educational access and achievement for the poor highlights the intricate connections among education, health and social conditions. It underscores the need for stronger inter-sectoral policy coordination.

(6.) We request the EFA convening agencies, to engage with relevant UN agencies such as the WHO and the WFP as well as interested EFA partners in order to better coordinate education, health and nutrition initiatives in integrated programmes, targeting young children in poor communities in countries far from EFA. We commit to support such initiatives that should be country driven and backed by development partners.

The UNESCO perspectiveThe UNESCO perspective As exemplified by the Oslo Declaration,

critical need for specific and effective advocacy for maintaining or increasing ODA flows in time of financial downturn with all relevant partners (education, climate change).

Multi-sectoral coordination, especially at the country level, will be essential to attain IADGs

Concentration+prioritisation in the face of lower resource prospects and growing needs

Need for even more sharpened and results-oriented 35 C/5

As exemplified by the Oslo Declaration, critical need for specific and effective advocacy for maintaining or increasing ODA flows in time of financial downturn with all relevant partners (education, climate change).

Multi-sectoral coordination, especially at the country level, will be essential to attain IADGs

Concentration+prioritisation in the face of lower resource prospects and growing needs

Need for even more sharpened and results-oriented 35 C/5

The UNESCO perspective 2The UNESCO perspective 2

Need for more imagination and creativity in delivery: focus on less costly initiatives - and reorientation towards (cheaper but effective) upstream initiatives - enhanced visibility

Whither the UNESCO budget level: can zrg be obtained for the 35 C/5? How can we preserve current levels of extrabudgetary resources critical for outreach and impact?

Need for a revision of 34 C/4??

Need for more imagination and creativity in delivery: focus on less costly initiatives - and reorientation towards (cheaper but effective) upstream initiatives - enhanced visibility

Whither the UNESCO budget level: can zrg be obtained for the 35 C/5? How can we preserve current levels of extrabudgetary resources critical for outreach and impact?

Need for a revision of 34 C/4??

Specific action by UNESCOSpecific action by UNESCO

Urgent need for sustained monitoring of trends in the spheres of competence of UNESCO: In developing countries as regards budget

allocations to education, the sciences, culture and communication and information and continuation of multi-donor programmes and projects

In industrialized countries, flows of ODA, sectorally broken down (data by OECD), and of extrabudgetary resources to UNESCO and other multilateral organizations

In case of negative trends, launch global alerts and design proactive counter-strategies

Urgent need for sustained monitoring of trends in the spheres of competence of UNESCO: In developing countries as regards budget

allocations to education, the sciences, culture and communication and information and continuation of multi-donor programmes and projects

In industrialized countries, flows of ODA, sectorally broken down (data by OECD), and of extrabudgetary resources to UNESCO and other multilateral organizations

In case of negative trends, launch global alerts and design proactive counter-strategies

Specific action by UNESCO 2

Specific action by UNESCO 2 Strengthen critical areas where UNESCO can

make a difference: Advocacy for EFA and preservation of national budget

allocations to education Accelerate education for sustainable development - in

creative and effective ways to induce behavioral changes with long-term effects

Build capacities for operating national scientific knowledge basis - we must become more adept at quickly translating scientific evidence/innovation into policy changes and practices

Inure policy initiatives and investments in strategically important sectors like education, science, culture as well as communication and innovation

Preserve resources for culture as a critical element of sustainable development and education

Strengthen critical areas where UNESCO can make a difference: Advocacy for EFA and preservation of national budget

allocations to education Accelerate education for sustainable development - in

creative and effective ways to induce behavioral changes with long-term effects

Build capacities for operating national scientific knowledge basis - we must become more adept at quickly translating scientific evidence/innovation into policy changes and practices

Inure policy initiatives and investments in strategically important sectors like education, science, culture as well as communication and innovation

Preserve resources for culture as a critical element of sustainable development and education

Specific action by UNESCO 3

Specific action by UNESCO 3 We must mobilise our efforts in packaging and

sharing knowledge and information as well as policy advice that can help countries to cope with the multiple crises

Paradoxically, this will also need an immediate infusion of resources - not a cutback

It is not charity, it is investment in the world’s immediate future - the crisis has already undermined our global economic security

Action in the social sectors is critical for future global stability and prosperity: investments in development assistance and the social sector must be defined by their long-term return, not their short-term cost

We must mobilise our efforts in packaging and sharing knowledge and information as well as policy advice that can help countries to cope with the multiple crises

Paradoxically, this will also need an immediate infusion of resources - not a cutback

It is not charity, it is investment in the world’s immediate future - the crisis has already undermined our global economic security

Action in the social sectors is critical for future global stability and prosperity: investments in development assistance and the social sector must be defined by their long-term return, not their short-term cost

The crises: moment for global reflection and

stocktaking

The crises: moment for global reflection and

stocktaking Almost exclusive emphasis on macroeconomics and on supply side of development: ODA flows, FDI, debt relief

Insufficient focus on sectoral demand side, like resources required for EFA, SC, CLT, CI or agriculture, health, industrial development, labor

No effort is apparent to link supply and demand sides of the equation - need for closer coordination between Bretton Woods institutions and UN system organizations

Almost exclusive emphasis on macroeconomics and on supply side of development: ODA flows, FDI, debt relief

Insufficient focus on sectoral demand side, like resources required for EFA, SC, CLT, CI or agriculture, health, industrial development, labor

No effort is apparent to link supply and demand sides of the equation - need for closer coordination between Bretton Woods institutions and UN system organizations

The call for “vulnerability funds”The call for “vulnerability funds”

WB President Zoellick proposed in IHT of 24 Jan. 2009 the creation of vulnerability funds, to be fed by developed countries with an amount of 0.7% of their respective stimulus packages to assist developing countries that can’t afford bailouts and deficits

The funds should be taken from the dedicated bailout/stimulus packages

This would translate for US to an immediate contribution of US$ 6 billion

WB+Japan launched programme to recapitalise banks in developing countries

WB President Zoellick proposed in IHT of 24 Jan. 2009 the creation of vulnerability funds, to be fed by developed countries with an amount of 0.7% of their respective stimulus packages to assist developing countries that can’t afford bailouts and deficits

The funds should be taken from the dedicated bailout/stimulus packages

This would translate for US to an immediate contribution of US$ 6 billion

WB+Japan launched programme to recapitalise banks in developing countries

Focus of vulnerability funds

Focus of vulnerability funds

Creation of safety net programmes Food-for-work programmes Seed and fertilizer projects Maternal and child nutrition projects School meal programmes Cash for work programmes Road work and drainage INVESTMENTS IN HEALTH, EDUCATION AND

NUTRITION MUST BE MORE THAN TEMPORARY POVERTY RELIEF: THEY ARE INVESTMENTS IN HUMAN CAPITAL

Creation of safety net programmes Food-for-work programmes Seed and fertilizer projects Maternal and child nutrition projects School meal programmes Cash for work programmes Road work and drainage INVESTMENTS IN HEALTH, EDUCATION AND

NUTRITION MUST BE MORE THAN TEMPORARY POVERTY RELIEF: THEY ARE INVESTMENTS IN HUMAN CAPITAL

Vulnerability funds - cont’dVulnerability funds - cont’d

Investments in infrastructure, including financing for low-carbon technology projects

Support small- and medium-sized enterprises and microcredit institutions

Investments in infrastructure, including financing for low-carbon technology projects

Support small- and medium-sized enterprises and microcredit institutions

A moment for stocktaking - and action

A moment for stocktaking - and action

This all then calls for effective strategies and solid calculations for the various sectoral areas - a challenge and a survival necessity/opportunity for UNESCO

The only available sectoral estimate of US$ 11 billion annually for EFA may well be outdated and too low, as it was produced some 10 years ago

Where do we stand with estimates for science/water/oceans; culture; communication and information??

This all then calls for effective strategies and solid calculations for the various sectoral areas - a challenge and a survival necessity/opportunity for UNESCO

The only available sectoral estimate of US$ 11 billion annually for EFA may well be outdated and too low, as it was produced some 10 years ago

Where do we stand with estimates for science/water/oceans; culture; communication and information??

Next steps: sensitisation - awareness - advocacy -

coalition building

Next steps: sensitisation - awareness - advocacy -

coalition building

CEB/HLCP will - with UNESCO part.-discuss the issue at its next session 26-27 February 2009, Geneva

As agreed by the Intersectoral Platform for Anticipation and Foresight, on 2 March 2009, BSP/FOR (Foresight Programme) will organize a daylong workshop session on the “The Global Financial and Economic crisis – its parameters and potential impact on multilateralism”

CEB/HLCP will - with UNESCO part.-discuss the issue at its next session 26-27 February 2009, Geneva

As agreed by the Intersectoral Platform for Anticipation and Foresight, on 2 March 2009, BSP/FOR (Foresight Programme) will organize a daylong workshop session on the “The Global Financial and Economic crisis – its parameters and potential impact on multilateralism”

Workshop - 2 March 2009Workshop - 2 March 2009The Director-General will open the conference, at

which several well-known international experts will speak on the following four panel subjects:

THE IMPACT OF THE GLOBAL FINANCIAL AND ECONOMIC CRISIS ON DEVELOPING COUNTRIES, IN PARTICULAR IN AFRICA, AND THE PROSPECTS FOR ATTAINING THE INTERNATIONALLY AGREED DEVELOPMENT GOALS, INCLUDING THE MDGs

INVESTING OUT OF THE CRISIS – IN EDUCATION, SOCIAL SERVICES, SCIENCE AND KNOWLEDGE

THE POTENTIAL IMPACT OF THE GLOBAL FINANCIAL AND ECONOMIC CRISIS ON WOMEN AND GENDER EQUALITY

WHAT IMPACT OF THE GLOBAL FINANCIAL AND ECONOMIC CRISIS ON CLIMATE CHANGE AND PROSPECTS FOR A GREEN ECONOMY?

The Director-General will open the conference, at which several well-known international experts will speak on the following four panel subjects:

THE IMPACT OF THE GLOBAL FINANCIAL AND ECONOMIC CRISIS ON DEVELOPING COUNTRIES, IN PARTICULAR IN AFRICA, AND THE PROSPECTS FOR ATTAINING THE INTERNATIONALLY AGREED DEVELOPMENT GOALS, INCLUDING THE MDGs

INVESTING OUT OF THE CRISIS – IN EDUCATION, SOCIAL SERVICES, SCIENCE AND KNOWLEDGE

THE POTENTIAL IMPACT OF THE GLOBAL FINANCIAL AND ECONOMIC CRISIS ON WOMEN AND GENDER EQUALITY

WHAT IMPACT OF THE GLOBAL FINANCIAL AND ECONOMIC CRISIS ON CLIMATE CHANGE AND PROSPECTS FOR A GREEN ECONOMY?

We will remain in the eye of the storm

We will remain in the eye of the storm

Calm inside Heavy storm outside Debris all around us And then: what will be the fallout for us? How can we react and counter any

potential negative impact? How can we anticipate the expectation of

Member States, the needs of developing countries and proactively deliver?

Calm inside Heavy storm outside Debris all around us And then: what will be the fallout for us? How can we react and counter any

potential negative impact? How can we anticipate the expectation of

Member States, the needs of developing countries and proactively deliver?