Les contributions de la Ferdi au Sommet de Paris pour un pacte financier mondial
June 20, 2023
The fifth event in the series aimed to examine the challenges and opportunities of mobilizing private capital for sustainable development in poor and vulnerable countries, as well as initiatives and policies in place to encourage private sector investment.
The conference was held during the day (from 9:30 am to 17:15 pm) and included 3 sessions.
Monday 22 May 2023
9h30 - 17h15 (Paris Time)
Paris, Hôtel de l'Industrie – and online
Patrick Guillaumont, President of Ferdi
Stéphane Tabarié, Head of Unit - Subsaharan Africa, Monetary cooperation and Agence française de développement · Direction générale du Trésor (French Treasury)
While efforts to promote the private sector in favor of development have in practice focused on foreign direct investment and the largest companies, local companies in poor and vulnerable countries have had difficulty attracting the capital they need to develop, particularly because of their difficulty in meeting the profitability requirements imposed by the market. However, in recent years, there has been a new dynamic that favors the emergence of new so-called impact actors focused particularly on entrepreneurs and SMEs in poor countries.
This session proposed to discuss the role that public institutions can play in fostering this entrepreneurial emergence in poor and fragile countries.
Presentation
Moderation
Panel
Break
Despite its widely recognized importance and many local successes, agriculture in Sub-Saharan Africa as a whole is experiencing relatively slow growth. This is due to underinvestment in agriculture, a deficit in the adoption of new technologies and the transition to higher-value crops, a lack of competitiveness vis-à-vis imports, and the adverse effects of climate change. In addition, there is persistent rural poverty and a delay in structural transformation. How then can small-scale agricultural enterprises in Sub-Saharan Africa be supported ?
Documents and presentations
Moderation
Panel
Lunch
The Addis Ababa conference in 2015 promised a multi-billion dollar increase in private investment for sustainable development. What happened to ensure that the bulk of these flows could not be mobilized for this purpose? How could aid agencies and development finance institutions attract these flows to meet the ever-increasing need for development finance and the promotion of global public goods ?
Presentation et moderation
Panel
Conclusions of the day and next steps with Jean-Michel Severino, Alain de Janvry, Philippe le Houérou and Patrick Guillaumont.
Since its creation, FERDI has made international development finance its priority programme. At the same time, it has carried out a great deal of work on country vulnerability, its different forms, their measurement and how they were or could be taken into account in international development finance. Ferdi is internationally recognised for its expertise on issues of country vulnerability and its links to financing.
In addition, since the beginning of the year, FERDI has created a Chair on the "International Architecture Development Finance " (IADF) under the direction of Philippe le Houérou, Chairman of the Board of Directors of AFD and former CEO of IFC, and with the participation of a select group of French personalities with considerable experience in the field and an equal desire for reform, all intervening in their personal capacity: notably Rabah Arezki, former Chief Economist and Vice President of the African Development Bank; Bruno Cabrillac, Deputy Director General of Studies and International Relations, Banque de France; Sylviane Guillaumont Jeanneney, Professor Emeritus, former member of the Board of Directors of the AFD; Alain de Janvry and Elisabeth Sadoulet Professors at the University of California at Berkeley, Senior Fellows at Ferdi; Olivier Lafourcade, former Director at the World Bank; Alain Le Roy, Ambassadeur de France and former Under Secretary General of the United Nations; Jean-Michel Severino, Chairman of Investisseurs et Partenaires (I&P) and former Director General of the AFD.
The purpose of the group was to reflect independently on what the global development finance system should become in the light of the current international situation and the lessons learned from the past 60 years. The announcement made by the President of the French Republic of a Summit to be held in Paris on the financing of vulnerable countries with a view to adopting a Financial Pact with these countries has led the IADF Chaire to adapt, accelerate and amplify its programme so as to make contributions on themes that are crucial to the orientation of the Summit.
Allocating new development finance taking into account multidimensional vulnerability, event organised with the OIF and the Commonwealth Secretariat, as part of the Summit for a New Global Financial Pact. 22 June, Paris
