Does the

1
Does the Addis Abeba Action Agenda provide

• a new global framework for financing sustainable
  development?
• a comprehensive set of policy actions?

2
FFD3 What to expect?

1. Unique forum or taking shop?
2. Necessary multilateral discussion or waste of
   time?
3. Hard law or Leading Principles?
4. Ambition versus Realpolitik?
5. Link with SDGs Post 2015

3
Enormous financing needs
Global financing needs to reach SDGs 5 000 7 000 billion USD
Financing needs in developing countries 3300 4500 billion USD
Financing Gap 2 500 billion USD
Sources ICESDF (2014), UNCTAD (2014)
4
The mood in Addis CSO reactions

• tragic retrogression from the Monterrey and Doha
  agreements
• failing to finance development
• crisis of multilateralism
• black box politics, behind the scenes pressure
  campaign
• the world has changed versus inequality
  prevails

5
(Some of) The Good

• Technology Facilitation Mechanism (TFM) in the UN
  that supports SDG achievement
• Institutionalized FFD follow-up mechanism that
  will involve up to 5 days of review every year to
  generate agreed conclusions and recommendations
  but linked to MoI of Post 2015
• 0.7 ODA target re-committed, but not very
  credible. Focus on LDC

6
(Some of) The Bad

• No new financial commitments, domestic budgets
  need to finance SDGs
• No inclusive global governance for tax matters
• No critical assessment of current trade regimes
• No progress in developmentalizing systemic
  issues (debt, capital controls, SDR)

7
Ways forward

• Spill-over into New York, Paris
• Follow up in UN Debt work, Tax Committee,
• Not an end, but starting point of many battles
  
• OECD efforts to include developing countries
• UNGA discussion of debt workout mechanism