Addis Ababa Agreement Financing For Development

Addis Ababa`s action programme lays a solid foundation for the implementation of the development agenda after 2015. It states: “This historic agreement marks a turning point in international cooperation, which will allow investment in the new sustainable development and transformation agenda that will improve the lives of people everywhere.” On the basis of the Monterrey Consensus (2002) and the Doha Declaration (2008), the Addis Ababa Conference on Financing for Development resulted in an intergovernmental agreement that is expected to constitute and support an important contribution to the implementation of the post-2015 development agenda. The conference is the first of three crucial events this year that can take the world on an unprecedented path to a prosperous and sustainable future. The result provides countries with a solid basis for financing and adopting the sustainable development agenda proposed in September in New York and a binding agreement at the UN climate talks in Paris in December, which will reduce global carbon emissions. “This agreement is a decisive step forward in building a sustainable future for all,” said UN Secretary-General Ban Ki-moon. It provides a global framework for financing sustainable development. He added: “The results achieved here in Addis Ababa give us the basis for a relaunched global partnership for sustainable development that leaves no one behind.” The development process focuses on supporting the follow-up of agreements and commitments made at the three major international development finance conferences held in Monterrey, Mexico in 2002; 2008 in Doha, Qatar; Addis Ababa, Ethiopia in 2015. This process is also part of funding aspects related to the development of the results of major economic and social conferences and summit meetings organized by the United Nations, including the 2030 agenda and the Sustainable Development Goals. The FSDO is the secretariat of the biennial development cooperation forum of ECOSOC, a multi-party global forum for examining trends, progress and emerging issues in the field of international development cooperation. Addis`s agenda recognizes the RTC as the most important platform for discussion on the quality, impact and effectiveness of aid.

The deliberations of the DCF are taken into account in the PCF.