The third International Conference on Financing for Development wrapped up in Addis Ababa, Ethiopia, last week with the Addis Ababa Action Agenda, which builds on the 2002 Monterrey Consensus and the 2008 Doha Declaration as well as creates a foundation for implementing the sustainable development goals that will be adopted in New York in September.
“This historic agreement marks a turning point in international cooperation that will result in the necessary investments for the new and transformative sustainable development agenda that will improve the lives of people everywhere,” Wu Hongbo, secretary-general of the conference, said.
The agenda, which has 100 measures covering seven action areas, “provides a global framework for financing sustainable development,” according to U.N. Secretary-General Ban Ki-moon.