Financing for Development Conference 2015: Views from the Global South

A Paper by Manuel F. Montes, Senior Advisor on Finance and Development at the South Centre, Geneva, and a co-author of the “22 Ideas to Fix the World”, published at the Future United Nations Development System on April, 2015

Developing countries—emerging, middle-income, and least developed—will be going to the Third Financing for Development (FfD) Conference in Addis Ababa in July 2015 with a set of demands to reform and rebalance the international financial system in order to facilitate the realization of the Sustainable Development Goals (SDGs).

On 19 July 2014 the Open Working Group of the United Nations agreed on a draft set of 17 SDGs, taking the first steps toward a renewed development agenda for after 2015. To mobilize the resources for a renewed development agenda beginning in January of next year, the General Assembly agreed to convene the FfD, which will take place 13-16 July 2015 in Addis Ababa. The conference will occur shortly before the September 2015 UN Summit that is expected to agree on the ambitious post-2015 SDGs. Developing countries lobbied intensely to have the FfD conference precede the summit because they have become increasingly skeptical about taking on new international obligations—implicit in the draft SDGs—without adequate resources and the enabling international economic environment to meet new obligations.

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