Agreement reached at the Addis Ababa Conference
An agreement has been reached yesterday (July 15) at the third International Conference on Financing for Development. The Addis Ababa Action Agenda was agreed to by the 193 U.N. member states in attendance.
U.N. Secretary-General Ban Ki-moon said in a statement that the agreement is a critical step forward. Ban Ki-moon called the agreement a “milestone in forging an enhanced global partnership” he also said “The results here in Addis Ababa give us the foundation of a revitalized global partnership for sustainable development that will leave no one behind.”
The Action Agenda contains more than 100 concrete measures and addresses multiple sources of finance and covers a range of issues, including technology, science, innovation, trade and capacity building. Among the key issues highlighted in the document are commitments about domestic resource mobilization and aligning private investment with sustainable development in part by setting the right incentives.
“This Conference shows the way forward – with governments, international organizations, financial and trade institutions, business, and civil society all working together for sustainable development,” Secretary General Ban Ki- moon noted. According to Ban Ki-Moon the results of the Addis Ababa Conference would give the foundation of a revitalized global partnership for sustainable development “that should leave no one behind,” and urge the negotiators to keep that goal in mind as they finish their work.