National Conference on The Implications of LDC Graduation on SDG Financing

NFN conducted a session on the Implications of LDC Graduation on SDG Financing. It was opened by Mr. Rakesh Karna, who delivered a policy brief and highlighted the challenges that might be faced by Civil Society Organizations (CSOs) following LDC graduation. He highlighted the long-term implications for SDG financing and emphasized the importance of CSO representation and participation in decision-making. He further pointed out that partnership mobilization of resources and governmental support are fundamental to overcoming such problems. Following Mr. Karna's presentation, sectoral representatives youth, Dalits, LGBTQI+ communities, and children shared their perspectives. They all highlighted the urgent need for representation, participation in decision-making, and inclusion among marginalized groups. Ms.Anita Paudel,Program Director of NPC, explained how the 16th Five Year Plan is aligned with SDG indicators and underscored the importance of incorporating these goals into national development plans. Mr. Min Bahadur Shahi, a former NPC member, emphasized the need for a reform strategy that brings transformation and the importance of progressive taxation to ensure development remains balanced. Hon. Dr. Anjan Shakya discussed the importance of donor autonomy and explained how, after LDC graduation, Nepal would be recognized and trusted by international platforms, resulting in a better credit rating. She also discussed the need to boost local entrepreneurship, make FDI entry and exit easy, and implement blended finance and green bonds for sustainable development. The chief guest, Vice Chairman of NPC,Prof. Dr. Shiva Raj Adhikari, also delivered his address emphasizing the importance of the conversation and the importance of effective teamwork in order to ensure the achievement of SDGs after graduation. The event concluded with remarks from Mr. Ram Prasad Subedi, President of the NGO Federation of Nepal, who summarized the key points and thanked everyone for their participation. The event was organized in collaboration with dZi Foundation Nepal.