As the United Nations assesses the implementation of its 2030 Agenda for Development, including its 17 Sustainable Development Goals (SDGs), the estimated funding needs keep skyrocketing—from the initial millions and billions to trillions of dollars annually. The President of the General Assembly, Ambassador Peter Thomson of Fiji, said on April 18 that SDG financing, including the eradication of extreme poverty by 2030, is going to cost about $6 trillion annually —and then to a hefty $30 trillion through 2030. At the same time, the Addis Ababa Action Agenda (AAAA), which outlines the implementation of the 17 SDGs, points to an infrastructure gap of some $1 trillion to $1.5 trillion annually in developing countries, while estimates of the global gap generally range from $3 trillion to $5 trillion annually. But the international community—and specifically the least developed and developing countries—is unlikely to succeed in raising the funds needed to achieve the UN’s ambitious goals, including lifting some 550 million people out of poverty. Nor does the state of global economic growth augur well towards achieving all—or most—of the 17 SDGs. Read more…
The ECOSOC Forum on Financing for Development (FfD Forum) met four days at the UN headquarters in New York to review the promises made at the Addis Ababa Action Agenda and its predecessors (the 2002 Monterrey Consensus and the 2008 Doha Declaration on Financing for Development). The FdD Forum is also the place for diplomats to discuss the means of implementation of the 2030 Agenda for Sustainable Development, but civil society is disappointed by the scarce results and the excessive confidence on the private sector filling in the funding gap. Read more…
The ECOSOC Forum on Financing for Development (FfD Forum), meeting in New York from May 22 to 25, is dedicated to reviewing not only the fulfillment of the Addis Ababa Action Agenda and its predecessors (the 2002 Monterrey Consensus and the 2008 Doha Declaration on Financing for Development), but also the means of implementation of the 2030 Agenda for Sustainable Development and feeding its results into the annual High-level Political Forum on Sustainable Development (HLPF). Civil Society is engaging in the forum in several ways, with interventions, side-events and written comments. Read more…
The central substantive piece during the preparations for the 2017 FfD Forum has been the work of the Inter-Agency Task Force (IATF) and its report “Progress and prospects”. However, during open briefings from the IATF on the report, Member States – mostly members of the Organisation for Economic Co-operation and Development (OECD) – expressed frustration, wanting to understand the division of responsibilities among Task Force members in report preparations. Read more…
The ECOSOC Forum on Financing for Development (FfD Forum) is dedicated to reviewing not only the fulfillment of the Addis Ababa Action Agenda and its predecessors (the 2002 Monterrey Consensus and the 2008 Doha Declaration on Financing for Development), but also the means of implementation of the 2030 Agenda for Sustainable Development and feeding its results into the annual High-level Political Forum on Sustainable Development (HLPF). Read more…
The Civil Society Financing for Development Group has formulated comments on the zero draft of an outcome document for the upcoming ECOSOC Forum on Financing for Development Follow-up. The Group, a very broad platform of civil society organizations, networks and federations from around the world, that followed closely the Financing for Development since its origins, has facilitated civil society’s contribution to the Third International Conference on Financing for Development, and continues to provide a facilitation mechanism for the collective expression of civil society in the FfD Follow-up process. While the group is diverse and positions might differ on specific issues, this document expresses the elements of common concern. Read more…
