TISIFF RECOMMENDATIONS Way Forward to Enhancing Innovative Financing - PowerPoint PPT Presentation

TISIFF RECOMMENDATIONS Way Forward to Enhancing Innovative Financing for 2030 Mariam Jashi MD, MPH, MPA Chairperson of Education, Science and Culture Committee, Parliament of Georgia President of the Leading Group on Innovative Financing

Presentation Structure 1. Georgia’s Experience in Innovative Financing 2. TISIFF Recommendations

Par art 1 Georgia’s Integrated Nat ational l Pla latform fo for r Philanthropy an and In Innovative Financing “Solidarity Fund – My Family’s Hope” Go Gocha ha Qar archa hava, , Mathe’s Gr Gran andf dfat ather

BUILDING ON INNOVATIVE FINANCING INITIATIVES Tax levy from Airline Tickets raising > 3 Billion USD since and reaching > 300 million with AIDS, TB and Malaria programmes and commodities Check out for Children – Micro-philanthropy for immunization among Starwood network Product (Red) micro-donations for AIDS - Nike, Armani, Microsoft, Dell, etc.

NATIONAL AND REGIONAL SOLIDARITY FUND MODELS • Emergency response support for EU countries EU Solidarity Fund • EU member state contributions and “sugar tax” • India Corporate Social High income companies 2% to CSR since 2014 Responsibility tax • Tunisia Solidarity Fund Individual and Corporate Philanthropy • Rural development for 25 + years • National Solidarity Day • Education Grants, SMEs • Municipality staff 0.05% from salaries

June 2014 Aug 2015 Dec 2017 Launched  Mobilizing > 11 million GEL under the Prime  60 000 civil servants – monthly Minister’s Georgia joins voluntary contribution Initiative Leading Group Multi-Sectoral  Multiple Innovative PPPs – theaters, Secretariat on High Level hotels, music festivals, wine products, Innovative Board and automobiles Financing Commission  No Under-21 children and youth lost to Cancer due to financial barriers

Georgia becoming the President Country of the Leading Group on Innovative Financing for 2017-2018 High Level Meeting - UN General Assembly 72 nd Session - Sept 2017, New York

PART 2 FIRST FORUM FOR INNOVATIVE FINANCING VIS-A-VIS POST-2015 AGENDA NEW GLOBAL VISION FOR INNOVATIVE FINANCING

How to Fund ~ 37 Trillion USD Gap till 2030? No promising trend of Official Donor Assistance

TISIFF General Discussions (1) • Non-traditional funding instrument critical for health-related MDGs • 2030 SDGs with 17 Goals and 169 Targets more dependent on IFD • Especially important for middle-income, graduating countries • Politically neutral true, global instrument for attaining global goods

TISIFF General Discussions (2) • Need for best use/value of already available resources - domestic or external • IFD similar to ODA should be mobilized and harmonized around national plans • Focus on transparency, quality and effectiveness of IFD • National level IFD sources equally important and more flexible

TISIFF General Discussions (3) LG Secretariat to update knowledge basis on IF and solidarity taxes • Tunisia Solidarity Fund – Rural development for 25 + years – National Solidarity Day – Municipality staff 0.05% from salaries • India Corporate Social Responsibility tax – High income companies 2% to CSR • Solidarity taxes experience to be better documented – Czech Republic, Luxemburg, France

COMMON FRAMEWORK – ROADMAP FOR ACTION 2 KEY RECOMMENDATIONS 1. CATEGORIZATION 2. PRIORITIZATION OF INNOVATIVE FINANCING OF INNOVATIVE FUNDING FOR FOR GLOBAL, REGIONAL AND 17 SDGs and 169 TARGETS NATIONAL LEVELS

9 Potential Innovative Funding Platforms GLOBAL AND REGIONAL LEVELS SECTOR/INDUSTRY TYPE OF IF POTENTIAL PARTNERS Air Travel Levies on airline tickets, corporate or individual contribution per ticket purchased/sold; carbon offsets WHO 1. International UNITAID Railway Levies on international railway tickets, Travel UNAIDS corporate or individual solidarity UNDP and contribution per ticket purchased/sold World Bank Tourism UNICEF Travel/tourist Levies, corporate or individual Civil Society packages contribution per touristic packages organizations Global on-line Levies, corporate or individual platforms for travel/ contribution per ticket sold, car rented or accommodation hotel booked through major platforms Transnational hotel Levies, corporate or individual networks contribution upon check-out

9 Potential Innovative Funding Platforms GLOBAL AND REGIONAL LEVELS SECTOR/INDUSTRY TYPE OF IF POTENTIAL PARTNERS Shipping by Air Levies or voluntary corporate contributions, carbon offsets World Bank 2. International UNDP Civil Society Shipping by Sea Levies or voluntary corporate Trade organizations contributions, carbon offsets Ground/land shipping Levies or voluntary corporate contributions o, carbon offsets Internet Levies or voluntary corporate Retail/wholesale contributions on shipping through purchase platforms internet-based purchasing platforms International food and Levies for using ecosystems services or beverage introducing quotas in food industry (green trade/utilities/fishing certification, fishing quotas, etc.)

9 Potential Innovative Funding Platforms GLOBAL AND REGIONAL LEVELS  International bank transactions, including migrants’ remittances 3. International  Diaspora investments Banking  Integration into major events (e.g. Annual EXPO) 4. International Capital  Markets Transnational companies  Tobacco and alcohol sales – international  Loan Guarantees  Climate/Green Bonds  Social Impact Investment  Major Internet Platforms (Google, Facebook, others) 5. IT Industry  Product sales  Global lottery tax levy 6. Global Lotteries

9 Potential Innovative Funding Platforms GLOBAL AND REGIONAL LEVELS  Integration of IFD into sales of tickets 7. Filming Industry  Promotion of SDG awareness through social genre feature films/movies  Promotion of SDG awareness through documentaries  Global Museums and cultural heritage places 8. World Heritage  Art auctions Places and Museums  Olympic Games 9. Global Sports  World or Regional Cups – FIFA, EUFA and other Football Championships Competitions  World or Regional Cups – Basketball, Gulf  World Cup – Car Racing  Other global competitions

14 Potential Innovative Funding Platforms NATIONAL LEVELS  Public Sector 1. Employees regular  Private Sector contributions  Air Travel 2. Local Travel  Railway  National or local Lotteries 3. National Lotteries  Major Internet Platforms – lead internet television or internet 4. Local IT platforms marketing sites  Product sales  Major National Championships and games – National Football, 5. Local Sports Rugby, Basketball, Gulf Cups Competitions  Other major sport events

14 Potential Innovative Funding Platforms NATIONAL LEVELS  Travel packages 6. Local tourism industries  Accommodation – local hotel networks  National Museums and cultural heritage packages 7. Local Heritage Places and Museums  Water supply and sanitation, electricity 8. Utilities  Auctioning and trading of carbon emission rights  biodiversity banking  Developers, construction goods and services 9. Construction industry  Auctioning and trading of carbon emission rights  biodiversity banking  Local networks of Theater, Cinema, Festivals and Concert Halls 10. Local Cultural Centers

14 Potential Innovative Funding Platforms NATIONAL LEVELS  Financial Transactions 11. Local Banks  International Financial Transactions, including migrants’ remittances  National companies 12. Local Business CSR/  Tobacco and alcohol sales – local sales Philanthropic  Development/construction industry contributions  Civil registries, public registries 13. Solidarity  Contributions upon import of high-value products contributions from  Revenue services routinely used public services  Application of high-income taxes, federal or municipal, to 14. Solidarity Taxes individuals/households above a nationally defined threshold (Czech or France examples)

Annex B Prioritization of Innovative Financing vs. SDGs IFD relevant to every SDG goal and vast majority of targets First Attempt to Frame Innovative Financing vis-à-vis 2030 SDG Agenda

Examples from Prioritization Framework for Innovative Financing vs. SDGs Type of High Priority Potential innovative Area for If Yes, what should be the role and level of financing (tax Partnership level for innovative sector/source SDG targets for 2030 Innovative engagement of stakeholders in innovative of innovative levies, financing (global, regional or Financing financing? financing for guarantees, national) the SDG target voluntary Dialogue? contribution) Potential Type of Policy Fund- Yes/No Advocacy Other Global Regional Country Formulation raising source of IF potential IF By 2030, reduce by one third premature mortality from non- 3.4 communicable Market diseases through Levers for Price Tobacco and prevention and Yes Yes Yes Yes Reduction of Alcohol Tax levies X X X treatment and Drugs and Industry promote mental Commodities health and wellbeing