The Committee on Macroeconomic Policy, Poverty Reduction and Financing for Development is one of the nine committees that make up the subsidiary structure of the Commission. Its sessions are convened every two years, and attended by senior government officials and experts from the ministries of finance, planning and development, and foreign affairs, and representatives of central banks, think tanks, the private sector, regional financing institutions, development partners and United Nations agencies, as well as eminent experts.
Asia-Pacific economies are leading global economic growth but face several sustainable development challenges, including persistent poverty and rising inequality, weak growth in decent jobs, and unsustainable use of natural resources. Sustaining long-term economic growth and addressing these challenges will require, among other considerations, rethinking of public policies and considerable investments by both the public and the private sector. The focus of the deliberations of this session of the Committee, with financing for development as part of its agenda, will therefore be on ways to address these challenges.This will include identifying strategies for financing sustainable development, with a focus on domestic resource mobilization, financial inclusion, infrastructure financing and leveraging private finance.
Supporting sustainable development in Asia-Pacific least developed countries, landlocked developing countries and small island developing States is a special priority of the Committee, and offers an opportunity to member States to provide guidance to the secretariat regarding its research and capacity building activities.
To enrich the discussions and the experience of participants, the secretariat is also planning to launch several analytical and knowledge products during the Committee session, including the 2017 Year-end Update of the Commission’s flagship publication the Economic and Social Survey of Asia and the Pacific. Special side events on selected thematic areas will also be organized prior to and as part of Committee deliberations.
Following the meeting delegations attended filled out questionnaires regarding the session. A summary of the results is available for download.