Addis Ababa Agreement 2015

The role of private investment was highlighted, with the promise of creating an enabling environment through regulation and public policy. However, some NGOs warn that the focus on private financing may not benefit the world`s poorest people. “This agreement opens the door for the private sector to use development money to generate profits, while standards to ensure that companies respect human rights remain non-binding guidelines,” said María José Romero of Eurodad. 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 New York in September and reaching a binding agreement at the UN climate negotiations in Paris in December that would reduce global carbon emissions. The Inter-Agency Task Force on Financing for Development was convened at the end of 2015 and is coordinated by the United Nations Department of Economic and Social Affairs. [5] The World Bank Group, the International Monetary Fund, the World Trade Organization, the United Nations Conference on Trade and Development (UNCTAD) and the United Nations Development Programme (UNDP) are the main institutional actors in the financing for development process. Together with DESA, they play a coordinating role for the task force. The Addis Agenda was adopted three months before the 2030 Agenda. It specifically states that one of the tasks of the conference was to “further strengthen the financing framework for sustainable development and the means to implement the post-2015 universal development agenda”.

The 2030 Agenda states that “the Addis Ababa Action Agenda supports, complements and helps contextualize the implementation objectives of the 2030 Agenda.” [4] For the full agreement, see www.un.org/ffd3/ The agreement, adopted after months of negotiations between countries, is a milestone in the establishment of a strengthened global partnership to promote universal and inclusive economic prosperity and improve people`s well-being while protecting the environment. This agreement between the 193 member states of the UN, as planned in New York last September, lays the foundations for the adoption of new sustainable development measures. This is an important step towards a successful COP21….

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