Innovative Financing Mechanisms for South-South and Triangular Cooperation Highlighted at GSSD Expo

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Innovative financing mechanisms for South-South and triangular cooperation were highlighted during the Global South-South Development Expo at UN Headquarters in New York.

This plenary session was organized by UNOSSC, in partnership with the Permanent Mission of India to the United Nations.

Panelists included Ambassador Syed Akbaruddin, Permanent Representative of India to the United Nations;  Ms. Fekitamoeloa Katoa ‘Utoikamanu, Under-Secretary General and High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (UNOHRLLS); Mr. Francois Martel, Secretary General, Pacific Island Development Forum (PIDF) ; Vice President for Countries, Mr. Jorge Moreira da Silva, Director, Development Cooperation Directorate, Organization for Economic Cooperation and Development (OECD); Mr. Alexandre Meira da Rosa, Inter-American Development Bank (IDB); Mr. Ashwani K. Muthoo, Director of the Global Engagement and Multilateral Relations Division, International Fund for Agricultural Development (IFAD); and Mr. Jorge Chediek, Director of UNOSSC and Envoy of the Secretary General on South-South Cooperation.

Over 200 other United Nations officials and registered participants from all over the world were present.

The session began with the signing of Statement of Intent between UN-OHRLLS and UNOSSC to formalize their partnership in support of the development through South-South and triangular cooperation in LDCs, LLDCs and SIDS. Mr. Jorge Chediek, Director of UNOSSC and Envoy of the Secretary General on South-South Cooperation welcomed the panellists and audience members and invited His Excellency Ambassador Syed Akbaruddin, Permanent Representative of India to share his views on innovative financing mechanisms. Ambassador Akbaruddin highlighted innovative features of the India-UN Development Partnership Fund including ease of access, innovative project selection, quick response for disaster recovery projects. Citing the example of Pacific Island States, he highlighted the first project under this Fund, a multi-country project to enhance climate resilience capacities in seven Pacific Island states, bringing a regional perspective to addressing the transboundary challenges posed by Climate Change.

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