The Third UN Conference on Financing for Development will take place in Addis Ababa in July 2015. The key question will be how to finance the Sustainable Development Goals.

In September 2015 the UN will finalize the new global Sustainable Development Goals (SDGs). The political negotiations within the Open Working Group (OWG) have produced an ambitious catalogue of 17 main goals and numerous sub-goals, all of which focus equally on economic, social and environmental aspects of sustainable development. It is yet to be seen whether the goals put forward by the OWG will be watered down by the time the negotiations are over. Several countries have already announced their opposition to specific proposals.

An overwhelming majority of citizens in the 28-member European Union (EU) – which has been hamstrung by a spreading economic recession, a fall in oil prices and a decline of its common currency, the Euro – has expressed strong support for development cooperation and increased aid to developing nations.

A new Eurobarometer survey to mark the beginning of the ‘European Year for Development,’released Monday, shows a significant increase in the number of people in favour of increasing international development aid.

The survey reveals that most Europeans continue to “feel very positively about development and cooperation”.

Additionally, the survey also indicates that 67 percent of respondents across Europe think development aid should be increased – a higher percentage than in recent years, despite the current economic situation in Europe.

Even after four UN Conferences and four specific Programmes of Action for addressing special development challenges of LDCs, the number of LDCs has doubled from 24 in 1971 to 48 now. Only four countries have graduated out of the LDC category so far. Hence, it is critical that LDCs and development partners act with greater political will to materialise their commitments defending LDCs’ developmental interests and priorities. Above all, it’s the accountability to LDC peoples that is key and of utmost priority.

There are many issues that the people of LDCs and the governments face, that stand as roadblocks to graduation. The dominant development paradigm and the current international aid architecture, which overwhelmingly prioritizes profits and markets have failed in addressing the development challenges faced by LDCs. 

For the fourth successive year, a delegation of human rights and development civil society organizations from the Arab region will be visiting the European institutions in Brussels between the 8th and the 12th  of December 2014. The Arab delegation includes civil society representatives from Egypt, Jordan, Palestine, Morocco, Syria, Tunisia and Lebanon.

This visit seeks to provide a platform for dialogue and exchange between civil society organizations from the Arab region and European policy makers at the Parliament and Commission around the EU’s support and involvement in the region.

This report provides the most comprehensive review of the quantity of different financing sources available to developing countries, and how they have changed over the past decade. 

They have analysed the best available data produced by international institutions, both from the point of view of developing countries as a whole, and for low-income (LICs), lower-middle-income (LMICs) and upper-middle-income countries (UMICs) separately. The report provides figures in absolute terms in US dollars, and also as percentages of Gross Domestic Product (GDP) – a much better indicator of how important they are to the developing country in question. 

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