Inputs to the Outcome Document

The brief highlights the need for Member States to put gender equality at the forefront of macroeconomic and fiscal policies. The brief argues while advanced economies have implemented policies to accelerate economic recovery, developing nations lack adequate financing to do the same, leaving women in precarious positions. Today, many countries are implementing austerity measures that limit government spending on essential services, further harming women's economic security. The brief also highlights that high debt levels in developing countries continue to divert resources away from social programs and initiatives that promote gender equality, hindering progress and potentially reversing gains. Overall, the brief advocates for a comprehensive approach to financing gender equality, recognizing the potential of various policy levers and the need for gender-responsive policymaking, including accelerating the reforms of the international financial architecture.

This joint Brief by IMF, OECD and WBG emphasizes the critical role of Domestic Revenue Mobilization (DRM) in addressing the financing gap for the Sustainable Development Goals (SDGs) in low-income countries. It highlights the need for comprehensive tax reforms, enhanced compliance, and international cooperation to increase tax revenues. The brief advocates for utilizing the upcoming FFD4 conference to strengthen tax capacity and align policies with sustainable development objectives.

The global financial system faces critical challenges, particularly for developing countries, including debt crises and financing gaps. Intensified South-South and Triangular Cooperation (SSTrC) can offer innovative policy solutions. Recommendations include scaling up debt management strategies, upscaling innovative solutions, strengthening regional development banks, and creating regional infrastructure bonds to pool risks and lower borrowing costs. Expanding contingency financing mechanisms and establishing data-sharing platforms are essential for financial stability. FFD4 presents a key opportunity to advance these SSTrC-driven initiatives for sustainable development.