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Submission to the Special Rapporteur on the Right to Development: Consultation on Good Practices, Challenges and Areas for Improvement on the Implementation of the Right to Development (RTD) in the area of Financing for Development (FFD)

Davitti, Daria LU (2020)
Abstract
Our submission to the UNSR on the Right to Development (RTD) focuses on the significant changes that are taking place within the international architecture for Financing for Development (FFD) and their impact on the realization of the RTD. A key plank of the new FFD framework is the engagement of the private sector in the mobilisation and delivery of development finance, including the use of public finance, such as official development assistance (ODA), to leverage private investment for development (UN, 2015a & b; World Bank et al, 2015). As further explained in the submission, the increasing shift away from official sector financing for development projects and programmes towards blended and private financing for development creates... (More)
Our submission to the UNSR on the Right to Development (RTD) focuses on the significant changes that are taking place within the international architecture for Financing for Development (FFD) and their impact on the realization of the RTD. A key plank of the new FFD framework is the engagement of the private sector in the mobilisation and delivery of development finance, including the use of public finance, such as official development assistance (ODA), to leverage private investment for development (UN, 2015a & b; World Bank et al, 2015). As further explained in the submission, the increasing shift away from official sector financing for development projects and programmes towards blended and private financing for development creates particular challenges for the implementation of the RTD at local, national and international levels.
Our research indicates that current policy and operational changes taking place in the aid and other official development finance arenas will have significant impacts on the capacity of states, as primary duty bearers, to create the necessary national and international conditions for the implementation of the RTD. More specifically, these changes risk undermining the commitments enshrined in the 1986 UN Declaration on the Right to Development (hereinafter UN Declaration) and in the aforementioned international instruments for development cooperation.
We submit that, without adequate safeguards, the rapid movement towards private financing for development will: (1) fail to mobilise the resources necessary to meet the Sustainable Development Goals (SDGs) and address other global challenges, such as humanitarian crises, disaster risks and the climate emergency, and (2) undermine existing domestic and international efforts to engender a just and equitable international economic order that is facilitative of the RTD (see Article 3(3) UN Declaration). We focus specifically on two aspects of the questions raised by the Call for Submissions: (1) Participation and Access to Information and (2) Resource Mobilization. (Less)
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author
organization
publishing date
type
Chapter in Book/Report/Conference proceeding
publication status
in press
subject
keywords
Public international law, Folkr├Ątt
host publication
Submission to the UNSR on the Right to Development
language
English
LU publication?
yes
additional info
This submission was produced as part of the New Frontiers in International Development Finance (NeF DeF) project, of which Dr Daria Davitti is a member, as well as key contributor of this submission.
id
c7015ab9-1a93-481e-bd7c-2cfae6a39ba5
date added to LUP
2020-10-04 15:18:56
date last changed
2020-10-08 10:38:58
@misc{c7015ab9-1a93-481e-bd7c-2cfae6a39ba5,
  abstract     = {Our submission to the UNSR on the Right to Development (RTD) focuses on the significant changes that are taking place within the international architecture for Financing for Development (FFD) and their impact on the realization of the RTD. A key plank of the new FFD framework is the engagement of the private sector in the mobilisation and delivery of development finance, including the use of public finance, such as official development assistance (ODA), to leverage private investment for development (UN, 2015a &amp; b; World Bank et al, 2015). As further explained in the submission, the increasing shift away from official sector financing for development projects and programmes towards blended and private financing for development creates particular challenges for the implementation of the RTD at local, national and international levels.<br>
Our research indicates that current policy and operational changes taking place in the aid and other official development finance arenas will have significant impacts on the capacity of states, as primary duty bearers, to create the necessary national and international conditions for the implementation of the RTD. More specifically, these changes risk undermining the commitments enshrined in the 1986 UN Declaration on the Right to Development (hereinafter UN Declaration) and in the aforementioned international instruments for development cooperation.<br>
We submit that, without adequate safeguards, the rapid movement towards private financing for development will: (1) fail to mobilise the resources necessary to meet the Sustainable Development Goals (SDGs) and address other global challenges, such as humanitarian crises, disaster risks and the climate emergency, and (2) undermine existing domestic and international efforts to engender a just and equitable international economic order that is facilitative of the RTD (see Article 3(3) UN Declaration). We focus specifically on two aspects of the questions raised by the Call for Submissions: (1) Participation and Access to Information and (2) Resource Mobilization.},
  author       = {Davitti, Daria},
  booktitle    = {Submission to the UNSR on the Right to Development},
  language     = {eng},
  month        = {02},
  title        = {Submission to the Special Rapporteur on the Right to Development: Consultation on Good Practices, Challenges and Areas for Improvement on the Implementation of the Right to Development (RTD) in the area of Financing for Development (FFD)},
  year         = {2020},
}