Financing for Development (FfD)

Third International Conference on Financing for Development, July 2015 The third International Conference on Financing for Development will be held in Addis Ababa, Ethiopia, from 13-16 July 2015. It will gather 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 will result in an inter-governmentally negotiated and agreed outcome, which should constitute an important contribution to – and support the implementation of – the post-2015 development agenda.

In July 2015, the international community will have the chance to change the future of finance development. Governments, civil society, trade unions and other actors will meet for the third UN conference on Financing for Development (Ffd) in Addis Ababa (Ethiopia) to take concrete decisions for the future of development and how to finance it. In the run-up to this crucial meeting, two major reports have been released which are intended to inform the upcoming debates. We have had a report from the Intergovernmental Committee of Experts on Sustainable Development Finance (ICESDF) and one from the Open Working Group (OWG) – a 30-member group nominated by the UN General Assembly to decide on the Sustainable Development Goals. Both reports should feed into future action. Disappointingly, both lack ambition and fail to present specific recommendations, something that CSOs - many in developing countries - and other actors have been calling for some time.   

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