12 Billion USD Mobilized for the front runners; Ethiopia, Kenya, Tanzania and DR. Congo
A key financing platform for the United Nations Secretary-General’s Global Strategy for Women’s, Children’s and Adolescents’ Health and the Sustainable Development Goals, the Global Financing Facility (GFF) launched here in Addis Abeba on Monday at the Third International Financing for Development Conference.
By Sabine Terlecki
Over the last three days global civil society have been meeting ahead of the third Financing for Development conference in Addis Abeba- discussing the latest draft outcome of the Addis Abeba Action Agenda, or short “Addis Accord”.
Today, Monday 13 July, this crucial international conference has been kicked off by UN secretary general, Mr. Ban Ki-Moon. However, this day is not only full of ceremonial discussions; Today, the EU will announce its 10 Point Action Plan on Ffd while the EC is leading on the EU negotiations, and it will most probably also be decided if a closing of the negotiations on the current draft can be expected at this conference – or not. The golden key to close these negotiations is now in the hands of the G77, while the Ethiopian government is expected to play a crucial role as broker.
Failure may be imminent at the negotiations for a “Financing for Development” (FFD) accord in Addis Ababa this week, said ActionAid. According to the organization, the G77 are being aggressively pushed by the US, Canada and the EU, among others, to sign a deeply unjust