Agreement opens path for new sustainable development agenda

Abstract

Broad support for policies and actions that will generate resources in support of the implementation of a new sustainable development agenda emerged from the United Nations Third International Conference on Financing for Development that concluded today. The Conference resulted in the adoption of the Addis Ababa Action Agenda, a comprehensive framework to guide policies that will mobilize financial resources, as well as the launch of new initiatives to finance the achievement of the proposed sustainable development goals, including on social welfare, access to clean energy, and greater cooperation on tax issues. The achievements of the Conference on Financing for Development went beyond the agreed negotiated outcome. Six multi-stakeholder roundtables and almost 200 side events resulted in the announcement of new initiatives aimed at implementing the sustainable development agenda.