Subregional and NationalPerspectives: South-East Asia

Naylin Oo, Ph.D.Regional Advisor on ASEANUN Economic and Social Commission for Asia and the Pacific

15 November 2018

1

“The 2030 Agenda for Sustainable

Development is our common roadmap to

an inclusive, resilient and secure future

for everyone, everywhere.” - António Guterres

The UN Secretary-General’s remarks at the ASEAN Leaders’ Gathering

Bali, Indonesia, 11 October 2018

2

Snapshot of SDG progress in South-East Asia

Source: Asia and the Pacific SDG Progress Report 2017

SDG progress at target level in South-East Asia

Source: Asia and the Pacific SDG Progress Report 2017

SDG acceleration in South-East Asia

Source: Asia and the Pacific SDG Progress Report 2017

SDG capacity measures capacities

Source: Asia-Pacific Countries with Special Needs Development Report 2016

ASEAN-UN Plan of Action 2016-2020

• To support the realisation of the ASEAN Community Vision 2025 and the 2030 Agenda for Sustainable Development in a complementary manner and to strengthen collaboration in jointly addressing emerging regional and global challenges.

• To enhance their political-security, economic, and socio-cultural cooperation as well as cross-sectoral cooperation.

• Cross-Sectoral Cooperation• Cooperation to Implement the 2030 Agenda for Sustainable

Development• Complementarities Initiative > Report > Flagships

Complementarities Report Findings

Source: Complementarities between the ASEAN 2025 and the 2030 Agenda

Poverty

Resilience

Sustainable Consumption and ProductionNatural Resources Management

Infrastructure and Connectivity

Case: Lao PDR

• In securing financing for SDGs, the predictability and sustainability of funding sources remain a challenge.

• NSEDP will require over US$ 21.4 bil.• 40-49% from private investment• 40-49% from financial institutions• 12-15% from Government• 15-24% from ODA

• The next step will be to establish baselines for all indicators that have been localized

Source: Voluntary National Review (July 2018), SDG Index and Dashboards Report 2017

Case: Myanmar

• Identified a number of sources of development finance to be mobilised for the implementation of the MSDP:• Domestic Public Finance• Domestic Private Finance• International Public Finance• International Private Finance

Project Bank: consists of specificdevelopment projects linked to various Action Plans.• Major capital projects that meet

predetermined criteria will be elevated further into a Public Investment Programme.

Myanmar Sustainable Development Plan

3 Pillars, 5 Goals, 28 Strategies, 251 Action Plans

Source: Myanmar Sustainable Development Plan (August 2018)

ASEAN: Finance Landscapes

Source: Financing the Sustainable Development Goals in ASEAN

Managing Flows of Development Finance

• Leveraging the domestic private sector to support the achievement of national development agenda.

• Ensuring efficient and effective spending of domestic public revenues.• Using the complementarity between the different external public

finance flows.

• A mix of strategies is required for financing the achievement of national development goals and priorities.

• Improving the efficiency and effectiveness of domestic public revenues by strengthening planning, budgeting, and budget monitoring systems,

• Examining the allocation of domestic public revenue against national priorities, and

• Increasing social sector allocations to address social inequalities.

Looking Beyond LDC Graduation

• LDC graduation marks a milestone but it is necessary to look beyond.

• Meeting the graduation criterial does not mean a country is necessarily on a sustainable development pathway.

• A country needs to continue focusing on structural transformation, including through expanding productive capacity, diversifying the economy, and building resilience to shocks.

• LDC graduation priorities as well as the 2030 Agenda need to be integrated into the National Development Plans while keeping in mind of the regional aspiration such as the ASEAN Community Vision 2025.

• Make sure these efforts contribute to a longer-term sustainable development pathway.

Thank you!

14