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The Great Green Technological Transformation”

Governance of the multilateral system has historically been complex and fragmented. This has limited the capacity of ECOSOC to influence international policies in trade, finance and investment. Reform proposals aim to enhance the relevance and contribution of the council. A major reform was approved by the 2005 World Summit on the basis of proposals submitted by secretary-general Kofi Annan.[17] The Summit aimed to establish ECOSOC as a quality platform for high-level engagement among member states and with international financial institutions, the private sector and civil society on global trends, policies and action. It was decided to hold biennial high-level Development Cooperation Forums at the national-leadership level by transforming the high-level segment of the Council to review trends in international development cooperation and promote greater coherence in development activities. At the Summit it was also decided to hold annual ministerial-level substantive reviews to assess progress in achieving internationally agreed development goals (particularly the Millennium Development Goals). These “Annual Ministerial Reviews” will be replaced by the High Level Political Forum from 2016 onwards after the new post-MDG/post-2015 Sustainable Development Goals are agreed.