Financing for Development Conference

Addis Ababa: Financing for Development

Illicit outflows: no end without global cooperation

Addis Ababa: The recently concluded conference on development finance was remarkable. It was a platform to raise concerns, to debate on issues and to propose suggestions.  A consortium of civic associations took this opportunity to raise their voices on major issues that are crippling developing countries - illicit financial outflows and tax avoidance by multinational companies (MNCs).

Supporting Africa's middle-income countries

This R/UNDG meeting on MICs countries support is happening at an opportune and pivotal time not only for the UN System but also for the entire development world in terms of processes that will determine the future of the planet in a number of areas.

ITUC-Africa Human and Trade Union Rights Network: statement on illicit financial flows

Abuja: African trade union leaders from 25 African countries gathered here in Abuja, Nigeria for the past two days (27-28 July)  to discuss some critical and urgent issues affecting workers, families and communities across Africa with the view to contribute practical suggestions to them. Some of these issues include: halting Illicit Financial Flows from Africa in the context of the quest to mobilize domestic resources to finance Africa’s structural transformation.

UN General Assembly endorses the Addis Ababa Action Agenda

New York: The General Assembly [Monday] adopted a resolution endorsing the Addis Ababa Action Agenda of the Third International Conference on Financing for Development, a “new global framework” that many said would strengthen cooperation in technology, infrastructure and social protections that were key to realizing inclusive sustainable development.

How the world can put a stop to illicit financial flows

Washington: Under the weight of great expectations and the glare of television cameras, delegates gathered last week for the Third International Conference on Financing for Development in Addis Ababa. Global leaders, civil society and private sector representatives exchanged ideas on financing the ambitious Sustainable Development Goals. The conversation represented a paradigm shift in how we think about development.

NEPAD side events at the Third International Financing for Development conference

Five side events were organised by NEPAD during the Third International Financing for Development conference, held in Addis Ababa in July 2015.  They were:   

What happened at the Addis financing for development conference?

Washington: Concepts, constraints, and conquests. These three words keep popping in to my head as people ask me how things went at the United Nations’ major financing for development (FFD) conference last week in Addis Ababa, Ethiopia. Allow me to explain why.

Concepts

African faith-based organisations urge respect for region's resources

Addis Ababa: Speaking of the African Faith Leaders’ Statement on Financing for Development, issued following a side event at the 3rd United Nations Financing for Development Conference in Addis Ababa, Ethiopia, The Rev Nicta Lubaale, General Secretary of the Organisation of African Instituted Churches, said, the key message from African faith communities is “respect Africa’s resources”.

Jeffrey Sachs: 'African infrastructure investment top priority for continent, need to rally behind NEPAD'

Addis Ababa: Closing Africa’s infrastructure gap is a top priority in order to put the continent on a path for double digit growth and sustainable development. This is according to world-renowned professor of economics, Jeffrey Sachs. "There is no choice, Africa needs 10 per cent per year of economic growth in the next 15 years,” Professor Sachs said.

Africa must finance own development

Harare: The African Capacity Building Foundation (ACBF) says Africa should come up with relevant mechanisms to finance its own economic growth programmes for the continent to own and account for its development processes. The foundation says it is also critical for Africa to fund its own projects in the wake of the global financial and economic crisis, donor fatigue and volatility of foreign direct investment among other challenges prevailing on the globe.

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