Does the ‘Addis Abeba Action Agenda’ provide:

“a new global framework for financing sustainable development”?

“a comprehensive set of policy actions”?

#FFD3: What to expect?

1. Unique forum or taking shop?

2. Necessary multilateral discussion or waste of time?

3. Hard law or ‘Leading Principles’?

4. Ambition versus Realpolitik?

5. Link with SDGs & Post 2015

Enormous financing needs

Global financing needs to reach SDG’s

5 000 – 7 000 billion USD

Financing needs in developing countries

3300 – 4500 billion USD

Financing Gap 2 500 billion USD

Sources: ICESDF (2014), UNCTAD (2014)

The ‘mood’ in Addis – CSO reactions“tragic retrogression from the Monterrey

and Doha agreements”

“failing to finance development”

“crisis of multilateralism”

“black box politics”, “behind the scenes pressure campaign”

“the world has changed” versus “inequality prevails”

(Some of) The Good

• Technology Facilitation Mechanism (TFM) in the UN that supports SDG achievement

• Institutionalized FFD follow-up mechanism that will involve up to 5 days of review every year to generate “agreed conclusions and recommendations” but linked to MoI of Post 2015

• 0.7% ODA target re-committed, but not very credible. Focus on LDC

(Some of) The Bad

• No new financial commitments, domestic budgets need to finance SDG’s

• No inclusive ‘global governance’ for tax matters

• No critical assessment of current trade regimes

• No progress in ‘developmentalizing’ systemic issues (debt, capital controls, SDR)

Ways forward

• Spill-over into New York, Paris

• Follow up in UN Debt work, Tax Committee,…

• Not an end, but starting point of many ‘battles’ …OECD efforts to include developing countries

UNGA discussion of debt workout mechanism