At the heart of the discussions at the Addis conference will be strategies to help governments unlock both domestic and international resources to improve the lives of their people and future generations. Seen here are school children in a classroom in Gao, Mali. UN Photo/Marco Dormino
2 July 2015 – In 2002, the global community came together in Monterrey, Mexico, to address key financial issues affecting global development. The International Conference on Financing for Development, the first United Nations gathering of its kind, resulted in a landmark global agreement in which developed and developing countries recognized their responsibilities in key areas such as trade, aid, debt relief and institution-building.
In less than two weeks, world leaders will gather once again, this time in the Ethiopian capital of Addis Ababa, to launch a renewed and strengthened global partnership to finance people-centred sustainable development. They will aim to ensure that resources go wherethey are needed most to promote economic prosperity and improve health, education and employment opportunities while protecting the environment.
We are trying to tell the international community how to help those who are in need, who are most vulnerable, with the financial support.
The Third International Conference on Financing for Development comes at a critical time. Its outcome – still being negotiated by UN Member States – will be an important milestone on the road toward the adoption of a new sustainable development agenda in New York in September and a universal climate change agreement in Paris in December.
“The implementation and success of our new global agenda will rely on a robust financing framework, which will be adopted in Addis,” said Wu Hongbo, Under-Secretary-General for Economic and Social Affairs.
Mr. Wu, who is also the Secretary-General of FFD3, as the Conference is informally known, added that success in Addis will leverage strong political momentum for the September summit that will adopt the post-2015 development agenda and the UN Paris climate conference, known as COP 21, where Parties to the UN Framework Convention on Climate Change are expected to agree a new accord to keep global warming below 2°C.
“If we fail in Addis, the post-2015 development agenda cannot be successful,” he said in an interview with the UN News Centre. “If we fail both in the post-2015 development agenda and financing for development, I think the COP 21 negotiations will be adversely affected.”
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