BSP Crisis+

8/8/2019 BSP Crisis+

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The global financial crisisand its potential impact for

multilateralism and UNESCO

The global financial crisisand its potential impact for

multilateralism and UNESCO


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Aquadruple global crisis unfoldsAquadruple global crisis unfolds

In the prime of globalization, we areexperiencing an accumulation of fourinterrelated 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 areexperiencing an accumulation of fourinterrelated crises, mutually feeding on

each other: Climate change crisis

oil and energy (price) crisis

Food (and hunger) crisis

Financial and economic crisis


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Aquadruple crisis unfolds

Aquadruple crisis unfolds

The consequences of these crisis -individually and even more so combined - for

development and all stakeholders involved(people, governments, civil society, privatesector, NGOs, multilateral agencies) may bedevastating.

Hence there is an urgent need to developeffective strategies to prepare for alleventualities and to compensate and counterany negative fall-out.

The consequences of these crisis -individually and even more so combined - for

development and all stakeholders involved(people, governments, civil society, privatesector, NGOs, multilateral agencies) may bedevastating.

Hence there is an urgent need to developeffective strategies to prepare for alleventualities and to compensate and counterany negative fall-out.


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

economic crisis affecting all countries - theimpact of real global interdependency -,requiring injection of (hundreds of) billions of

US$ by Governments a) into banking sector tomaintain liquidity of banks and uphold theirability to provide credit - and b) to provideeconomic stimulus programmes of a Keynesiannature

Real estate/housing market meltdown - withmany foreclosures and personal bankruptcies

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

Profound and deepening financial andeconomic crisis affecting all countries - theimpact of real global interdependency -,requiring injection of (hundreds of) billions of

US$ by Governments a) into banking sector tomaintain liquidity of banks and uphold theirability to provide credit - and b) to provideeconomic stimulus programmes of a Keynesiannature

Real estate/housing market meltdown - withmany foreclosures and personal bankruptcies

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


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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 highunemployment, shrinking tax receipts, lower

exports and trade, gyration in value ofcurrencies, decreasing tourism income,reduced consumption levels - and the specterof deflation

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

Deep and long global economic recessionlooms for ALL countries - with highunemployment, shrinking tax receipts, lower

exports and trade, gyration in value ofcurrencies, decreasing tourism income,reduced consumption levels - and the specterof deflation

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


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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 developingcountries alike to steer their economies;

budget deficits are rising again (in the EUlikely above the 3% Maastricht mark)

Governments are forced to prune theirbudgets so as to reach as balanced a budgetas possible, especially if they require IMFstandby 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 ofGovernments in industrialised and developingcountries alike to steer their economies;

budget deficits are rising again (in the EUlikely above the 3% Maastricht mark)

Governments are forced to prune theirbudgets so as to reach as balanced a budgetas possible, especially if they require IMFstandby credits

The return of the virtue of deficit spending

Moral hazard: Need for more equity in policy-making and allocation of public funds


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

wildfire across the world because one singlemodel of globalization, i.e. liberalizing marketeconomy without regard to diversity, different

stages of development, needs etc. waspursued.

The deliberate pushing aside of alternativemodels and approaches points to a moral andethical deficency, which policy-makers wouldhave to account for.

Kofi Annan recently denounced as incrediblyshort-sighted - as well as immoral for wealthycountries to use this financial crisis to drop

promises to help the poorest (IHT)

The global financial crisis has spread likewildfire across the world because one singlemodel of globalization, i.e. liberalizing marketeconomy without regard to diversity, different

stages of development, needs etc. waspursued.

The deliberate pushing aside of alternativemodels and approaches points to a moral andethical deficency, which policy-makers wouldhave to account for.

Kofi Annan recently denounced as incrediblyshort-sighted - as well as immoral for wealthycountries to use this financial crisis to drop

promises to help the poorest (IHT)


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The consequencesThe consequences Developing countries, the most defenseless - and

often times innocent bystanders - face a perfectstorm (WB) and for them the crisis may translateinto 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 povertysince 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 coo eration

Developing countries, the most defenseless - and

often times innocent bystanders - face a perfectstorm (WB) and for them the crisis may translateinto 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 povertysince 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 coo eration


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

Lower ODA earmarking and allocations, abandoningcommitments made only recently (e.g. 2005 G-8Gleneagles 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 protectedby specific international pledges or agreements

Less availability of discretionary funds and hencelower/stagnant levels of extrabudgetary contributions to

multilateral organisations

Lack of readiness to subscribe to new multilateralinitiatives

For industrialised countries, this may translate into

Lower ODA earmarking and allocations, abandoningcommitments made only recently (e.g. 2005 G-8Gleneagles 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 protectedby specific international pledges or agreements

Less availability of discretionary funds and hencelower/stagnant levels of extrabudgetary contributions to

multilateral organisations

Lack of readiness to subscribe to new multilateralinitiatives


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

Lower economic growth

Less trade with developing countries irrespective oftrade barriers and custom levels

Lower levels of FDI flows

Less loans for investment and trade in developingcountries

Lack of interest in new public-private partnershipsrequiring 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 oftrade barriers and custom levels

Lower levels of FDI flows

Less loans for investment and trade in developingcountries

Lack of interest in new public-private partnershipsrequiring private sector funding

Overall, reduced confidence in market forces

Lower volume of donations to NGOs and charities

Lower programme funds earmarked by foundations?


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The multilateral falloutThe multilateral fallout Global collisions and contradictions arise;difficult to resolve - e.g., lower budgetallocations by developing countries makesthem look towards UN agencies which bythemselves my be hit by lower budgets - orpromote trade while credit dries up

doing more with less: demand by developingcountries for assistance will increase while

contributions to agencies are likely todecrease (zng or worse)

It may also mean more focus on upstreamadvice

Global collisions and contradictions arise;difficult to resolve - e.g., lower budgetallocations by developing countries makesthem look towards UN agencies which bythemselves my be hit by lower budgets - orpromote trade while credit dries up

doing more with less: demand by developingcountries for assistance will increase while

contributions to agencies are likely todecrease (zng or worse)

It may also mean more focus on upstreamadvice


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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 newwindows; support to One UN Funds; nocountry left behind in EFAwho has a crediblenational EFAplan)?

How will IMF loans and the relatedconditionalities affect UNDAFs and OneProgrammes/Funds (e.g. Pakistan)?

Will UN reform efforts at the country level beaffected - if additional donor funds are notforthcoming 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 newwindows; support to One UN Funds; nocountry left behind in EFAwho has a crediblenational EFAplan)?

How will IMF loans and the relatedconditionalities affect UNDAFs and OneProgrammes/Funds (e.g. Pakistan)?

Will UN reform efforts at the country level beaffected - if additional donor funds are notforthcoming to One or UNDAF Funds?


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

able to maintain their professed commitmentto fight climate change and environmentaldegradation - or will that be sacrificed for

straightforward economic survival action andother more immediate priorities??

Will any sectoral priorities be sacrificed orpushed back?

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

Danger: excessive focus on new, moretransparent and accountable financial

architecture, without regard to the level ofreal needs of eo le and infrastructure needs

Will governments and multilateral agencies beable to maintain their professed commitmentto fight climate change and environmentaldegradation - or will that be sacrificed for

straightforward economic survival action andother more immediate priorities??

Will any sectoral priorities be sacrificed orpushed back?

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

Danger: excessive focus on new, moretransparent and accountable financial

architecture, without regard to the level ofreal needs of eo le and infrastructure needs


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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 Marketsand the World Economy on 15 November 2008 outlined aroadmap for future action to stabilise and reform financialmarkets, to preserve an open global economy, to promote

trade, to provide credit and liquidity and to restarteconomic growth and overcome recession

Major focus was on strengthening transparency andaccountability curbing speculation in currency, financialand commodity markets; enhancing sound regulation

nationally and internationally; promoting integrity infinancial markets; and reinforcing internationalcooperation

But the summit also emphasized in the concluding sectionon a commitment to an open global economy - though

almost as an afterthought and with rather weak and littlecom ellin lan ua e or conviction - on:

The G-20 Declaration of the Summit on Financial Marketsand the World Economy on 15 November 2008 outlined aroadmap for future action to stabilise and reform financialmarkets, to preserve an open global economy, to promote

trade, to provide credit and liquidity and to restarteconomic growth and overcome recession

Major focus was on strengthening transparency andaccountability curbing speculation in currency, financialand commodity markets; enhancing sound regulation

nationally and internationally; promoting integrity infinancial markets; and reinforcing internationalcooperation

But the summit also emphasized in the concluding sectionon a commitment to an open global economy - though

almost as an afterthought and with rather weak and littlecom ellin lan ua e or conviction - on:


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G-20 summit - a signal of hope?G-20 summit - a signal of hope?

A commitment to free market principles which areessential to economic growth and prosperity and havelifted millions out of poverty;

The importance of rejecting protectionism and notturning inward in times of financial uncertainty;

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

The importance of the MDGs, the developmentassistance commitments the participants have made

Urge both developed and emerging countries toundertake commitments consistent with their capacitiesand roles in the global economy

Reaffirm the development principles agreed at the 2002Monterrey Conference on Financing for Development,

which emphasized country ownership and mobilizing allsources of financing for development.

A commitment to free market principles which areessential to economic growth and prosperity and havelifted millions out of poverty;

The importance of rejecting protectionism and notturning inward in times of financial uncertainty;

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

The importance of the MDGs, the developmentassistance commitments the participants have made

Urge both developed and emerging countries toundertake commitments consistent with their capacitiesand roles in the global economy

Reaffirm the development principles agreed at the 2002Monterrey Conference on Financing for Development,

which emphasized country ownership and mobilizing allsources of financing for development.


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The lacunae in the G-20 messageThe lacunae in the G-20 message

Sadly, no word about preventing a rollback in thevolume of development finance, the need forinvestment in education and health precisely at thepresent juncture to build the foundations for future

development and prosperity, or underlining thecritical role of and providing the necessaryresources to other multilateral organisations thanthe Bretton Woods institutions..

We are left simply with a statement that thesummitteers are confident that throughcoordinated partnership, cooperation andmultilateralism (of an undefined type), the worldwill overcome the challenges before it and restory

stability and prosperity in the world economy.

Sadly, no word about preventing a rollback in thevolume of development finance, the need forinvestment in education and health precisely at thepresent juncture to build the foundations for future

development and prosperity, or underlining thecritical role of and providing the necessaryresources to other multilateral organisations thanthe Bretton Woods institutions..

We are left simply with a statement that thesummitteers are confident that throughcoordinated partnership, cooperation andmultilateralism (of an undefined type), the worldwill overcome the challenges before it and restory

stability and prosperity in the world economy.


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World Bank calls for aid boostWorld 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 crisisthat is not of their making

Empowering developing and emergingcountries and economies is imperative

Helping nations pursue economicdevelopment and long-term prosperity shouldbe the goal of development finance.

The World Bank President called on donors toboost financial aid to developing nations

which find themselves at the mercy of a crisisthat is not of their making

Empowering developing and emergingcountries and economies is imperative

Helping nations pursue economicdevelopment and long-term prosperity shouldbe the goal of development finance.


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Doha Follow-up International Conferenceto the Monterrey Consensus -

28 November - 2 December 2008

Doha Follow-up International Conferenceto the Monterrey Consensus -

28 November - 2 December 2008It adopted a voluminous Outcome Document containing

the Doha Declaration on Financing for Development,now to be submitted to the UN General Assembly forendorsement.

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 remaincommitted to the current ODA targets, irrespective ofthe fallout of the present crisis;

c) in addition to the traditional supply side concerns ofdomestic resource mobilization, ODA, debt relief and

trade a strong focus on innovative financingapproaches;

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

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 remaincommitted to the current ODA targets, irrespective ofthe fallout of the present crisis;

c) in addition to the traditional supply side concerns ofdomestic resource mobilization, ODA, debt relief and

trade a strong focus on innovative financingapproaches;


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Doha - contdDoha - contdd) 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 UNESCOssuccessful High-level event; and

f) a decision to hold a UN conference at the highest

level on the impact of the current financial andeconomic crisis on development.

g) On the margins of the Conference, the President ofthe General Assembly also launched a Commissionof Experts on Reforms of the International Monetary

and Financial System.h) If anything, the continued absence of scientific,

cultural and communication issues on the agendasand the outcome documents of conferences like theone in Doha is a source of dissatisfaction and we mayneed 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 UNESCOssuccessful High-level event; and

f) a decision to hold a UN conference at the highest

level on the impact of the current financial andeconomic crisis on development.

g) On the margins of the Conference, the President ofthe General Assembly also launched a Commissionof Experts on Reforms of the International Monetary

and Financial System.h) If anything, the continued absence of scientific,

cultural and communication issues on the agendasand the outcome documents of conferences like theone in Doha is a source of dissatisfaction and we mayneed to reflect how to remedy this deficiency.


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Financing Education in Conflict-

Affected Areas to Achieve EFAGoals

Financing Education in Conflict-

Affected Areas to Achieve EFAGoals From UNESCOs perspective, most significant

was the High level Side Event: FinancingEducation in Conflict Affected Areas to Achieve

the Education for All Goals. It was organized byED and NYLO and held under the auspices ofFirst Lady Sheikha Mozah. The list of participantsfurther included the UN Secretary-General, thePresident of Burundi, the Vice-President of El

Salvador, the President of the UN GeneralAssembly, numerous Development CooperationMinisters 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

From UNESCOs perspective, most significantwas the High level Side Event: FinancingEducation in Conflict Affected Areas to Achieve

the Education for All Goals. It was organized byED and NYLO and held under the auspices ofFirst Lady Sheikha Mozah. The list of participantsfurther included the UN Secretary-General, thePresident of Burundi, the Vice-President of El

Salvador, the President of the UN GeneralAssembly, numerous Development CooperationMinisters 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


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Education in Conflict-Affected Areas -contd

Education in Conflict-Affected Areas -contd

The discussion resulted in the Doha

Statement on Financing Education in

Conflict Affected Areas. This event laidan 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 laidan excellent foundation for the upcoming

spring 2009 discussion by the UN General

Assembly on the very subject.


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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 andbilateral 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 andInternational Development of Norway

The OSLO DECLARATION ACTING

TOGETHER, was adopted by the participating

Ministers, leading officials of multilateral andbilateral 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 andInternational Development of Norway


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Oslo Declaration - contdOslo Declaration - contdThe HLG noted that it took place in the context of a

global economic slowdown spurred by a financialcrisis unprecedented since the 1930s. TheDeclaration stated thatIt will be imperative to

protect and insulate the worlds poorest children,youth and adults from the worst effects of the crisis,as they carry the least responsibility for theseevents. The crisis should not serve as justification

for any reduction in national spending andinternational aid to education. Instead, steadfastsupport for achieving the internationally agreeddevelopment goals, including the EFA andMillennium Development Goals (MDGs), is more

vital than it was before the crisis.

The HLG noted that it took place in the context of aglobal economic slowdown spurred by a financialcrisis unprecedented since the 1930s. TheDeclaration stated thatIt will be imperative to

protect and insulate the worlds poorest children,youth and adults from the worst effects of the crisis,as they carry the least responsibility for theseevents. The crisis should not serve as justification

for any reduction in national spending andinternational aid to education. Instead, steadfastsupport for achieving the internationally agreeddevelopment goals, including the EFA andMillennium Development Goals (MDGs), is more

vital than it was before the crisis.


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Oslo Declaration - contdOslo Declaration - contd (4.) We therefore agree to better plan and coordinate global advocacy

efforts for all six EFA goals. We task the EFA convening agencies andinterested EFA partners to furtherdevelop a joint EFA advocacy planof 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 educationalaccess and achievement for the poor highlights the intricateconnections among education, health and social conditions. Itunderscores 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 EFApartners in order to better coordinate education, health and nutritioninitiatives in integrated programmes, targeting young children in poorcommunities in countries far from EFA. We commit to support suchinitiatives 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 andinterested EFA partners to furtherdevelop a joint EFA advocacy planof 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 educationalaccess and achievement for the poor highlights the intricateconnections among education, health and social conditions. Itunderscores 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 EFApartners in order to better coordinate education, health and nutritioninitiatives in integrated programmes, targeting young children in poorcommunities in countries far from EFA. We commit to support suchinitiatives that should be country driven and backed by development

partners.


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

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

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

Concentration+prioritisation in the face of lowerresource prospects and growing needs

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

As exemplified by the Oslo Declaration, criticalneed for specific and effective advocacy formaintaining or increasing ODA flows in time offinancial downturn with all relevant partners(education, climate change).

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

Concentration+prioritisation in the face of lowerresource prospects and growing needs

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


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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 beobtained for the 35 C/5? How can we

preserve current levels of extrabudgetaryresources critical for outreach and impact?

Need for a revision of 34 C/4??

Need for more imagination and creativity indelivery: focus on less costly initiatives - and

reorientation towards (cheaper but effective)upstream initiatives - enhanced visibility

Whither the UNESCO budget level: can zrg beobtained for the 35 C/5? How can we

preserve current levels of extrabudgetaryresources critical for outreach and impact?

Need for a revision of 34 C/4??


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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 andcommunication and information and continuationof multi-donor programmes and projects

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

In case of negative trends, launch global alerts

and design proactive counter-strategies

Urgent need for sustained monitoring oftrends in the spheres of competence of

UNESCO: In developing countries as regards budget

allocations to education, the sciences, culture andcommunication and information and continuationof multi-donor programmes and projects

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

In case of negative trends, launch global alerts

and design proactive counter-strategies


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Specific action by UNESCO 2Specific 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 - increative and effective ways to induce behavioralchanges with long-term effects

Build capacities for operating national scientificknowledge basis - we must become more adept atquickly 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 andinnovation

Preserve resources for culture as a critical element of

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 - increative and effective ways to induce behavioralchanges with long-term effects

Build capacities for operating national scientificknowledge basis - we must become more adept atquickly 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 andinnovation

Preserve resources for culture as a critical element of


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Specific action by UNESCO 3Specific action by UNESCO 3

We must mobilise our efforts in packaging andsharing knowledge and information as well aspolicy advice that can help countries to copewith the multiple crises

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

It is not charity, it is investment in the worldsimmediate future - the crisis has alreadyundermined our global economic security

Action in the social sectors is critical for futureglobal stability and prosperity: investments indevelopment assistance and the social sectormust be defined by their long-term return, nottheir short-term cost

We must mobilise our efforts in packaging andsharing knowledge and information as well aspolicy advice that can help countries to copewith the multiple crises

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

It is not charity, it is investment in the worldsimmediate future - the crisis has alreadyundermined our global economic security

Action in the social sectors is critical for futureglobal stability and prosperity: investments indevelopment assistance and the social sectormust be defined by their long-term return, nottheir short-term cost


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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 ofdevelopment: ODA flows, FDI, debt relief

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

No effort is apparent to link supply anddemand sides of the equation - need forcloser coordination between Bretton Woodsinstitutions and UN system organizations

Almost exclusive emphasis onmacroeconomics and on supply side ofdevelopment: ODA flows, FDI, debt relief

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

No effort is apparent to link supply anddemand sides of the equation - need forcloser coordination between Bretton Woodsinstitutions and UN system organizations


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The call for vulnerability fundsThe call for vulnerability funds

WB President Zoellick proposed in IHT of 24Jan. 2009 the creation of vulnerability funds,

to be fed by developed countries with anamount of 0.7% of their respective stimuluspackages to assist developing countries thatcant afford bailouts and deficits

The funds should be taken from thededicated bailout/stimulus packages

This would translate for US to an immediatecontribution of US$ 6 billion

WB+Japan launched programme toreca italise banks in develo in countries

WB President Zoellick proposed in IHT of 24Jan. 2009 the creation of vulnerability funds,

to be fed by developed countries with anamount of 0.7% of their respective stimuluspackages to assist developing countries thatcant afford bailouts and deficits

The funds should be taken from thededicated bailout/stimulus packages

This would translate for US to an immediatecontribution of US$ 6 billion

WB+Japan launched programme toreca italise banks in develo in countries


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Focus of vulnerability fundsFocus 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 ANDNUTRITION MUST BE MORE THANTEMPORARY POVERTY RELIEF: THEYAREINVESTMENTS 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 ANDNUTRITION MUST BE MORE THANTEMPORARY POVERTY RELIEF: THEYAREINVESTMENTS IN HUMAN CAPITAL


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Vulnerability funds - contdVulnerability funds - contd Investments in infrastructure, including

financing for low-carbon technology

projects

Support small- and medium-sizedenterprises and microcredit institutions

Investments in infrastructure, includingfinancing for low-carbon technology

projects

Support small- and medium-sizedenterprises and microcredit institutions


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Amoment for stocktaking -

and action

Amoment for stocktaking -

and action This all then calls for effective strategies and

solid calculations for the various sectoral

areas - a challenge and a survivalnecessity/opportunity for UNESCO

The only available sectoral estimate of US$11 billion annually for EFAmay well beoutdated and too low, as it was producedsome 10 years ago

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

This all then calls for effective strategies andsolid calculations for the various sectoral

areas - a challenge and a survivalnecessity/opportunity for UNESCO

The only available sectoral estimate of US$11 billion annually for EFAmay well beoutdated and too low, as it was producedsome 10 years ago

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


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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 GlobalFinancial and Economic crisis its parametersand 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 GlobalFinancial and Economic crisis its parametersand potential impact on multilateralism


37/38

Workshop - 2 March 2009Workshop - 2 March 2009

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

THE IMPACT OF THE GLOBAL FINANCIAL ANDECONOMIC CRISIS ON DEVELOPING COUNTRIES, IN

PARTICULAR IN AFRICA, AND THE PROSPECTS FORATTAINING THE INTERNATIONALLY AGREEDDEVELOPMENT GOALS, INCLUDING THE MDGs

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

THE POTENTIAL IMPACT OF THE GLOBALFINANCIAL AND ECONOMIC CRISIS ON WOMEN ANDGENDER EQUALITY

WHAT IMPACT OF THE GLOBAL FINANCIAL ANDECONOMIC CRISIS ON CLIMATE CHANGE ANDPROSPECTS FOR A GREEN ECONOMY?

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

THE IMPACT OF THE GLOBAL FINANCIAL ANDECONOMIC CRISIS ON DEVELOPING COUNTRIES, IN

PARTICULAR IN AFRICA, AND THE PROSPECTS FORATTAINING THE INTERNATIONALLY AGREEDDEVELOPMENT GOALS, INCLUDING THE MDGs

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

THE POTENTIAL IMPACT OF THE GLOBALFINANCIAL AND ECONOMIC CRISIS ON WOMEN ANDGENDER EQUALITY

WHAT IMPACT OF THE GLOBAL FINANCIAL ANDECONOMIC CRISIS ON CLIMATE CHANGE ANDPROSPECTS FOR A GREEN ECONOMY?


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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 potentialnegative impact?

How can we anticipate the expectation ofMember States, the needs of developingcountries 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 potentialnegative impact?

How can we anticipate the expectation ofMember States, the needs of developingcountries and proactively deliver?

Documents

BSP Crisis+