Addis Ababa, Ethiopia, July 13, 2015 – The Third International Conference on Financing for Development has opened in the Ethiopian capital, Addis Ababa with calls to ensure the necessary resources to improve people’s lives while protecting the planet. The outcome of the 4-day conference which has brought together Heads of States and Governments, relevant institutions, Non-Governmental Organizations and business sector entities, “Addis Ababa Action Agenda” will be the starting point of a new path for financing a new set of Sustainable Development Goals.
The conference focuses attention on key emerging issues and multilateral efforts to promote international development cooperation. Participants will assess progress of Monterrey Consensus and Doha Declaration as well as the existing challenges facing the achievement of these initiatives.
The UN Secretary-General on the eve of the conference in Addis Ababa, encouraged stakeholders that their contribution of resources remains key to the execution of commitments for global development goals. He stated that the Conference marked a starting point for global cooperation and partnership. He also mentioned that the Addis Ababa Agenda was a crucial step towards the Post-2015 Development Goals because it presents an ambitious framework to discuss vital financial and related issues relevant to global development.