Description
International public and private finance remain essential to support the provision of public goods and attain macroeconomic stability. Developing countries are witnessing a reflux in their ability to galvanize and localize international private finance as well as to incentivize long-term value approaches under prevalent risk conditions and accountability settings. Equally, a disorderly tightening of financial conditions and the adoption of inward-looking policies may lead to severe reversals in capital flows and erode trade preferences to the disadvantage of developing countries; increasing debt distress levels; tightening conditions for both trade finance and growth. High levels of trade inequality and declining private investments remain a stark reminder of the inability to align trade and investment with long-term sustainable development needs. The panel will deliver expert insights from senior policy-makers and assessments from key stakeholders on the idiosyncrasies associated with trend in private finance, international cooperation, trade & debt constituting the pillars of the new global financing for development framework.
