2015 will be a critical year for the global community and the United Nations. It is the year we face several decisions – on disaster risk reduction, financing for development, sustainable development and climate – that will shape our collective futures for generations to come. The “2015 Time for Global Action” campaign is centred around monthly themes that coincide with the priorities for 2015 and opportunities in the calendar of events. The month of July will highlight Partnerships.
As the deadline for the MDGs approaches and a new development agenda is expected to build on the successes of the MDG experience, this year presents an excellent opportunity to harness the potential of partnerships between governments, the private sector and civil society. Mobilizing support for the implementation of the new agenda will require political will and action on all fronts. Three key moments – the Financing for Development Conference (13-16 July), the Summit on Sustainable Development (25-27 September) and the Climate Change Conference (30 November – 11 December) call for inclusive partnerships at the global, regional, national and local level that build upon principles and values, a shared vision, and shared goals that place people and the planet at the centre.
KEY DATES AND EVENTS
The Third International Conference on Financing for Development takes place 13-16 July in Addis Ababa, Ethiopia and will launch a renewed and strengthened global partnership for financing people-centred sustainable development. The Addis Ababa Conference presents a unique opportunity to secure the resources we need for the well-being of all people and the health of our planet. With the right financing and the right policies, we can achieve our aspirations to end extreme poverty by 2030. The Conference is all about mobilizing the means to make the difference in people’s lives.
In Addis, governments, civil society and businesses will forge partnerships to align people-centred public and private investments for greatest impact. We expect concrete commitments on finance, trade, debt, governance, technology and innovation for the next fifteen years. To promote prosperity and well-being, we need to invest ahead for people and planet. The Conference will bring together high-level political representatives, including Heads of State and Government, and Ministers of Finance, Foreign Affairs and Development Cooperation, as well as all relevant institutional stakeholders, non-governmental organizations and business sector entities to:
· follow up on commitments made in the implementation of the Monterrey Consensus and the Doha Declaration
· address new and emerging issues, including in the context of recent multilateral efforts to promote international development cooperation
· reinvigorate and strengthen the financing for development process
Official development assistance from developed countries increased by 66 per cent in real terms between 2000 and 2014, reaching $135.2 billion.
Overall, the share of ODA allocated to least developed countries fell in recent years, from 34% in 2010 to 32% in 2012. ODA to sub-Saharan Africa decreased by 4% in real terms in 2013, to $26.2 billion. This worrying trend is projected to continue.
Despite the increase in aid flows, many donors still fall significantly short of commitments. Five donors (Denmark, Luxemburg, Norway, Sweden and the United Kingdom) exceed the target of disbursing 0.7% of their gross national income (GNI) as aid, but the combined DAC donor’s ODA was equivalent to only 0.3% of their GNI.
Estimates of annual investment requirements in infrastructure – water, agriculture, telecoms, power, transport, buildings, industrial and forestry sectors – amount to $5 trillion to $7 trillion globally.
UNCTAD estimated total investment needs in developing countries at $3.3-4.5 trillion annually, with current investment at $1.4 trillion implying an investment gap of $1.9-3.1 trillion per year.
While global savings at around US$22 trillion a year – would be sufficient to meet these needs, resources are currently not allocated adequately. The stock of global financial assets – a placement for only a small portion of annual global savings – is estimated to be about $218 trillion. Even a small shift in the way resources are allocated would have an enormous impact.
The unmet need for credit for small and medium enterprises has been estimated to be up to $2.5 trillion in developing countries and about $3.5 trillion globally.
Around 2.5 billion people, especially women and the poor, still remain without access to any formal financial services.
More information available at http://www.un.org/ sustainabledevelopment/ffd/
The theme for the 2015 session of the Economic and Social Council is “Managing the transition from the Millennium Development Goals to the sustainable development goals: what it will take“. The HLS will include the three day ministerial meeting of the high-level political forum on sustainable development, convened under the auspices of the Council, and the annual ministerial review.
20-24 July, 27-31 July – Final post-2015 intergovernmental negotiations on the zero draft outcome document.
Proposed Sustainable Development Goals
MDG 8: Partnership for Development
Colombia has seen great economic growth in recent years, but 40% of its population still live in poverty. Working with the government and private sector, the UN Development Program (UNDP) has launched an Inclusive Economic Development programme, enabling local communities to create new businesses and jobs for women and youth.
Global trafficking: waging war on criminal cargo
United Nations Office on Drugs and Crime (UNODC) partners with the World Customs Organization to combat illegal trafficking across borders worldwide.
Invest ahead – for people and planet
The Third International Conference on Financing for Development presents a unique opportunity to agree on a global plan to finance sustainable development, laying the groundwork for a successful UN Summit to adopt the post-2015 development agenda in September and a universal agreement on climate at COP21 in Paris in December 2015.
Join us in Addis Ababa for #FFD3
UN Secretary-General Ban Ki-Moon and others urge world leaders to come to the Ethiopian capital ready to commit to a financing plan to end extreme poverty by 2030. They stress the importance of this upcoming Conference to mobilize the means to achieve a sustainable and prosperous future for all.
Learn more about the 2015: Time for Global Action campaign.