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FINANCING FOR DEVELOPMENT

 

 

Between 13 and 16 July 2015 the Third International Conference on Financing for Development was held in Addis Abeba, Ethiopia. Its scope was also set out in General Assembly's resolutions and it was focused on assessing the progress made in the implementation of the Monterrey Consensus and the Doha Declaration and identifying obstacles and constraints encountered in the achievement of the goals and objectives agreed therein, as well as actions and initiatives to overcome these constraints, addressing new and emerging issues, including in the context of the recent multilateral efforts to promote international development cooperation and reinvigorating and strengthening the financing for development follow-up process.

 

The Conference gathered high-level political representatives, including Heads of State and Government, and Ministers of Finance, Foreign Affairs and Development Cooperation, as well as all relevant institutional stakeholders, non-governmental organizations and business sector entities. The Conference resulted in anegotiated outcome which provides a new global framework for financing sustainable development that aligns all financing flows and policies with economic, social and environmental priorities and also a comprehensive set of policy actions by Member States, with a package of over 100 concrete measures  that draw upon all sources of finance, technology, innovation, trade and data in order to support mobilization of the means for a global transformation to sustainable development and achievement of the Sustainable Development Goals.

 

 

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