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UN Report: Architecture to Finance Sustainable Development.
April 5, 2019
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FfD Forum Outcome Underway.

FfD Forum Outcome Underway.

The co-facilitators of the negotiations on the final document of the Follow-up Forum for Financing for Development of 2019 (FfD) convened a session for the first comments on the preliminary draft. The next step is paragraph-by-paragraph negotiations on the draft text, to begin on March 27, 2019.

Mariangela Zappia, Permanent Representative of Italy, and Lazarous Kapambwe, Permanent Representative of Zambia, publish the draft on 22 March 2019. Member States of the United Nations were invited to submit their comments on 25 March in anticipation of informal negotiations on the project to be adopted. at the FfD Forum, which will be held from 15 to 18 April 2019.

The co-facilitators emphasized that the project benefited from the deliberations of the Group of Friends of Monterrey, which had organized a retreat in Mexico City the previous week. The co-facilitators cautioned against re-writing the Addis Ababa Action Agenda (AAAA), and said they had focused the draft on recommendations and initiatives and actions that could be implemented.

Most speakers indicated that they needed more time to consult their respective capitals on the draft document. Many expressed support for a short and succinct document. Speakers also highlighted the efforts of the co-facilitators to turn the IATF report into zero. Other comments included calls for:

  • Focus the result on the comparative advantages of the institution from which it comes and on the mandates of this organization
  • Include a reference to the role of the private sector in resource mobilization, as well as a reference to the least developed countries (LDCs) technology bank, which is now operational
  • Pay attention to gender issues and countries in particular situations and note the urgency of their problems
  • Highlight the importance of good governance and institutions, focusing on how policies can improve the use of technologies for sustainable development.
  • Some speakers noted that it would be premature to include a paragraph on the possible need for a follow-up conference of the 2015 International Conference on Financing for Development (Addis Ababa).

One delegate also stressed the importance of the results of the development finance process to build momentum for the meetings to be held later this year.

Source: SDG Knowledge Hub.