The Addis Ababa Action Agenda was the outcome of the 2015 Third International Conference on Financing for Development, held in

Addis Ababa, Ethiopia Addis Ababa (; am, አዲስ አበባ, , new flower ; also known as , lit. "natural spring" in Oromo language, Oromo), is the capital and largest city of Ethiopia. It is also served as major administrative center of the Oromia Region. In the ...

. It was adopted by heads of state and government on 15 July 2015. 174

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member states sent delegations; 28 heads of State, vice presidents and heads of government attended. Governments were joined by the heads of the United Nations, the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...

(IMF), the

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Inte ...

and the

World Trade Organization The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. With effective cooperation in the United Nations System, governments use the organization to establish, revise, and ...

(WTO), prominent business and civil society leaders, and other stakeholders. The agreement is a follow-up to the 2002 Monterrey Consensus and the 2008

Doha Declaration The Doha Declaration on the TRIPS Agreement and Public Health was adopted by the WTO Ministerial Conference of 2001 in Doha on November 14, 2001. It reaffirmed flexibility of TRIPS member states in circumventing patent rights for better access to ...

on Financing for Development.

Structure

The Addis Agenda is a global framework that seeks to align financing flows and policies with economic, social, and environmental priorities. Expanding on the previous Financing for Development outcomes, the document includes seven Action Areas: * Domestic public resources * Domestic and international private business and finance * International development cooperation * International trade as an engine for development * Debt and debt sustainability * Addressing systemic issues * Science, technology, innovation, and capacity building

Relation to the 2030 Agenda for Sustainable Development

The negotiation of the Addis Agenda witnessed significant debate over the agreement's relationship to the 2030 Agenda for Sustainable Development. Previous Financing for Development outcomes, such as the Monterrey Consensus, had no formal links to United Nations

Millennium Development Goals The Millennium Development Goals (MDGs) were eight international development goals for the year 2015 that had been established following the Millennium Summit of the United Nations in 2000, following the adoption of the United Nations Millenn ...

. Many countries wanted to ensure that the Financing for Development process continued as a stand-alone process, while others thought that the two should be harmonized. In the end, countries agreed that the processes would continue in parallel, with formal links. The Addis Agenda was adopted three months ahead of the 2030 Agenda. It specifically states that one of the tasks of the conference was "to further strengthen the framework to finance sustainable development and the means of implementation for the universal post-2015 development agenda". The 2030 Agenda states "The Addis Ababa Action Agenda supports, complements, and helps contextualize the 2030 Agenda’s means of implementation targets."

Implementation

The Addis Agenda entered implementation in 2016. Because the Addis Agenda contains national and international commitments, implementation is a complex endeavor. The Addis Agenda strengthens the follow-up process, including an annual

ECOSOC The United Nations Economic and Social Council (ECOSOC; french: links=no, Conseil économique et social des Nations unies, ) is one of the six principal organs of the United Nations, responsible for coordinating the economic and social fields ...

Forum on Financing for Development and the creation of an Inter-agency Task Force on Financing for Development, which reports annually on progress and the means of implementation of the 2030 Agenda for Sustainable Development. The Inter-agency Task Force on Financing for Development was convened in late 2015 and is coordinated by the

United Nations Department of Economic and Social Affairs The United Nations Department of Economic and Social Affairs (UN DESA) is part of the United Nations Secretariat and is responsible for the follow-up to major United Nations Summits and Conferences, as well as services to the United Nations Ec ...

. The

World Bank Group The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Gr ...

United Nations Conference on Trade and Development The United Nations Conference on Trade and Development (UNCTAD) is an intergovernmental organization within the United Nations Secretariat that promotes the interests of developing countries in world trade. It was established in 1964 by the ...

(UNCTAD), and the

United Nations Development Programme The United Nations Development Programme (UNDP)french: Programme des Nations unies pour le développement, PNUD is a United Nations agency tasked with helping countries eliminate poverty and achieve sustainable economic growth and human dev ...

(UNDP), are the major institutional stakeholders of the Financing for Development process. With DESA they play a coordinating role for the Task Force. The

Forum on Financing for Development is convened annually. It encompasses the high-level dialogue of ECOSOC with the

Bretton Woods Bretton Woods can refer to: *Bretton Woods, New Hampshire, a village in the United States **Bretton Woods Mountain Resort, a ski resort located in Bretton Woods, New Hampshire *The 1944 Bretton Woods Conference, also known as the "United Nations Mo ...

institutions and the World Trade Organization. It is mandated to review the implementation of the Addis Agenda as well as "means of implementation" targets of the Sustainable Development Goals (SDGs). The 2030 Agenda on Sustainable Development mandates that agreed conclusions and recommendations of the Forum "will be fed into the overall follow-up and review of the implementation of this Agenda in the High-Level Political Forum".

References

External links

*
Inter-agency Task Force on Financing for Development
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