Financing to Support Implementation of Agenda 2030

The event started with the presentation by Mr. Atadjan Atayev, Head of Strategic and Sustainable Development Department, Ministry of Finance and Economy of Turkmenistan. He briefed the participants on the Voluntary National Review of Turkmenistan delivered at the High-Level Political Forum in New York in July 2019. 

The second session of the event focused on discussing the role of financing for sustainable development in the Caspian region, North and Central Asia and beyond. Chaired by Mr. Rahimberdi Jepbarov, Chairman of the State Bank for Foreign Economic Affairs of Turkmenistan, the high-level plenary session included UN Under-Secretary-General Olga Algaerova, Executive Secretary of the UN Economic Commission for Europe, senior managers of the United Nations Development Programme, UN Economic and Social Commission for Asia and the Pacific (ESCAP), World Bank, Asian Development Bank, European Bank for Reconstruction and Development. The participants discussed how various stakeholders can contribute to a more robust and diversified financing environment for development in the region.

“To address the risks to the implementation of the SDGs, we need to act urgently and reconsider the way we organize our financial systems. We need cooperation and partnerships at all levels – global, regional and national - to increase both the amount and the impact of investment through action by all stakeholders: the private sector, official development assistance, international financial institutions and philanthropies”, noted Ms. Elena Panova, UN Resident Coordinator in Turkmenistan at the opening of the event.

The side event was followed by signing of the Memorandum of Understanding between UN in Turkmenistan and the Ministry of Finance and Economy on Cooperation in achieving the Sustainable Development Goals in Turkmenistan that will set a strategic partnership to accelerate implementation of the Addis Ababa Action Agenda and the 2030 Agenda.