As part of the follow-up of the International Conference on Financing for Development (Monterrey, 2002 and Doha, 2008), of Rio+20 (2013) and the current debate on the Post-2015 Development Agenda, the UN will hold the 3rd International Conference on Financing for Development in Addis Ababa, Ethiopia (13 – 16 July 2015). The objective of this conference is to reinvigorate the Monterrey Consensus and define “a comprehensive financing framework for sustainable development” to support the implementation of the UN post-2015 development agenda. The Conference will result in an inter-governmentally negotiated and agreed outcome, which should constitute an important contribution to and support the implementation of the post-2015 development agenda.
FfD looks into a number of areas that are relevant to all countries, from the broader global issues such as economic governance and external debt to the more concrete such as innovative forms of finance and capacity development. Several organizations have looked into both the available data about financial instruments and trends (including ODA, but also direct investments, remittances, tax evasion, illicit financial flows, etc.) and the rationale for linking those with traditional and new development policies, options and instruments.
In February, the European Commission (EC) published a Communication Global Partnership for Poverty Eradication and Sustainable Development After 20152 , which lays out EU positions ahead of the third Financing for Development (FfD3) Conference, the Post-2015 Summit, and the 21st session of the Conference of the Parties (COP 21) to the UN Framework Convention on Climate Change (UNFCCC).
The EU is promoting an integrated view in which the economic, social and environmental dimensions of development are supported by the Means of Implementation (MoI), meaning both the financial resources and an enabling policy environment that will aid the implementation of the Sustainable Development Goals (SDGs) to be finalized in September 2015 at the UN. As such, the outcomes of the FfD meeting in Addis and the post-2015 agenda should result in one single framework.
The communication identifies actions in key areas of proposed implementation: an enabling and conducive policy environment at all levels; capacity development; mobilisation and effective use of domestic and international public finance; stimulating trade to eradicate poverty and promote sustainable development; driving change through science, technology and innovation; mobilising the domestic and international private sector; harnessing the positive effect of migration; and ensuring monitoring, accountability and review.
ECDPM’s Bruce Byiers will moderate the panel discussion in the session on “The global scene: Financing for development in the framework of the Post-2015 Agenda.”