Third ISID Forum ''Financing for inclusive and sustainable industrial development''
Date: 14 July 2015
Organizer: United Nations Industrial Development Organization (UNIDO), in cooperation with the governments of Ethiopia and Senegal, and the United Nations Economic Commission for Africa (UNECA)
Location: Addis Ababa, Headquarters of UNECA, Africa Hall
On the margins of the third International Conference on Financing for Development, the Third ISID Forum was an important contribution to the search for innovative partnership approaches for financing and catalyzing all relevant resources for ISID in the framework of the post-2015 development agenda.
The objective of this event was to demonstrate concretely how multi-stakeholder partnerships can mobilize and scale up financing for industrial infrastructure as well as for industrial projects of various scales, ranging from domestic small and medium-sized enterprises (SMEs) to international large-scale investments.
The panel discussion, with representatives from government, DFIs and the private sector, elaborated on the potential of multi-stakeholder partnerships for leveraging financing for ISID.
The following issues were covered in the panel discussion:
(i) Public finance for industrial infrastructure and its benefits for attracting investment, job creation and export promotion;
(ii) Aligning private finance to the industrial strategy of the Government – constraints of financing domestic manufacturing enterprises and partnership solutions;
(iii) What is required to attract quality foreign investment in large industrial projects – how do the business environment, skills, labour and other factors influence investment decisions;
(iv) Challenges for future official development assistance – how can traditional development aid be applied to leverage additional investment in industrial infrastructure and manufacturing capacities;
(v) Outlook for investments in developing and emerging countries – partnerships for upscaling institutional investment flows; and
vi) UNIDO’s role in coordinating as a neutral broker, forging partnerships, creating synergies, and facilitating technology transfer.
After the panel discussion, participants were provided with an opportunity to gain firsthand experience on the progress Ethiopia had made on industrial parks development. A field visit was organized to two established industrial parks relatively close to the venue, where modern light manufacturing factories had recently been established as a result of FDI from various countries.
For more information on the Forum, please consult the aide memoire
For the agenda of the Forum, please click here
Read the DG's opening speech here
Read the DG's closing remarks here