4P Ministerial-level event : The 4P Community: United in shaping an international financial system fit for today
Washington D.C. – Thursday April 18, 2024, from 1:30 pm to 3:00 pm, By invitation only
This 4P meeting held at ministerial-level will provide a timely opportunity for the 4P community to come together to discuss decisive actions for the reform of the international financial architecture, focusing on key operational takeaways for the IMF/WB Spring meetings. It will also provide an opportunity to showcase the progress made on several 4P initiatives aiming to mobilize additional financing for climate, nature and development.
4P Coalition meetings: In-person Tax Task Force sherpa-level meeting (April 17th) , Coal Transition Commission Meeting (April 18th)
Argentina
Bangladesh
Barbados
Benin
Burundi
Cabo Verde
Cameroon
Chad
Chile
Colombia
Ivory Coast
Croatia
Cyprus
Denmark
East-Timor
Egypt
Ethiopia
France
Gabon
Germany
Ghana
Greece
Guatemala
Guinea
Haiti
India
Indonesia
Ireland
Jamaica
Jordan
Kenya
Madagascar
Malawi
Moldova
Morocco
Niger
Nigeria
Palau
Papua New Guinea
Portugal
Romania
Senegal
Slovenia
South Africa
Spain
Sri Lanka
Tanzania
Thaïland
The Comoros
Tunisia
Uruguay
Vanuatu
Vietnam
Zambia
A follow-up committee has been set up to keep the 4P principles alive in the coming months and stay on course for ambitious progress. Bringing together the main partners, it is in charge of progress reporting on the new financing Pact. It also continues to call upon leaders for ambitious measures that are in line with the urgency and the needs in question.
The 4P helps provide a consolidated overview of the different coalitions, led by leading countries, and supports other reforms and initiatives of the 4P community.
President Macron’s trip to Dubai for COP28 offers an opportunity to highlight the first tangible successes of the “4P”, or Paris Pact for Peoples and the Planet, following on from the Paris Peace Forum; to officially launch the Taskforce on international taxation; and to encourage all of the Taskforce partners to continue to roll out this ambitious roadmap for more financing and more balanced global governance – so that no country needs to choose between the fight against poverty and protecting the planet.
Coalitions and initiatives enabling initial progress to be made on the Paris Pact were launched at the Summit on 22 and 23 June. Countries and organizations have taken on a pioneering role in establishing new measures that can respond to some of the challenges faced by developing countries. These coalitions and initiatives may be deepened and expanded in the coming months.
The Summit for a New Global Financing Pact was held on 22 and 23 June in Paris. It brought together hundreds of participants, some 40 Heads of State and Government, as well as leaders of international and regional organizations, presidents of development banks, company CEO’s and civil society representatives – a variety of stakeholders committed to build a fairer and more sustainable world.
The summit led to an assessment of additional efforts necessary to face a dual challenge -- the eradication of poverty and the preservation of the planet. These were included in a declaration of ambition and call to action - the Paris Pact for People and the Planet. The Summit also led to the formation and launching of coalitions and initiatives, all of which are committed to produce tangible measures that contribute to achieving the Pact’s objectives.
A committee has been set up to follow these projects. It will adhere to the 4P agenda and monitor challenges linked to financing sustainable development that are high on the priority list of global leaders. It will report on advances made and ensure that the high level of ambition expressed during the Summit is maintained, in order to accomplish the measures agreed upon in Paris.
+300
States, international organisations and civil society representatives
6
round-table conferences
50
side events
OF WHICH
+70
partners – both private sector stakeholders
and philanthropists
+100
invited Heads of State
and Government
+40
International
Organisations
+120
NGOs
and NGO coalitions
The six high-level round tables and more than forty side events, which all focused on the means to boost financing for the issues of development and preservation of the planet, took stock of priority measures capable of generating as much of an impact as possible to reach this objective. They are referenced in a summary report presented by the Presidency of the Summit (France) and based on the following aims: fighting poverty and vulnerabilities; staying united to strengthen international solidarity; protecting the planet and our common goods, including clean air, the forests and the oceans; mobilizing new financial resources, including from the private sector.
Piera Tortora, Head of the 4P Secretariat : piera.tortora@oecd.org
Juliette Mollo-Majour, Coordinator of the 4P Secretariat : juliette.mollomajour@oecd.org