Poverty + Development

The top ten stories around Financing for Development

Which stories did our readers find most compelling and informative on the Financing for Development conference? Take a look.

In a landmark moment on Wednesday, all 193 UN member states came together around a framework that paves the path for implementing our shared global agenda.

The Addis Ababa Action Agenda was “a critical step forward in building a sustainable future for all,” according to UN Secretary General Ban Ki-moon and lays the groundwork for implementing the next set of global goals, which will be adopted by countries around the world this September.

2

What were the most popular stories from the Addis conference? Well, we’ve got it covered for you –

In a surge in global conversation around financing a better future for people and our planet, our readers shared these key stories with their colleagues and networks:

1. Opportunity: Financing for Development conference
Dr. Ayo Ajayi | New Vision Uganda | July 15, 2015
While the world has witnessed great progress, pressing challenges remain. Ajayi underscores why Addis is a critical moment, and all governments, civil society organizations, businesses, and citizens must contribute to accelerate gains.

2. Addis #FFD3: A taxing week
Michael Igoe | Devex | July 16, 2015
Now that the dust has begun to settle and most delegates are on their way home we’re left with the question: did we witness three pivotal days in the journey toward a new era for development, or are we back where we started?

3. The Rainmakers in Addis
Owen Barder | Center for Global Development | July 14, 2015
While the public circus of meetings and discussions continues, a small but powerful group of officials are closeted away in private session, finalising the text of the Addis Ababa Action Agenda. The remaining disagreements have few immediate implications for people living in poverty, but reflect the courtly dance of international geopolitics.

4. The World Could Wipe Out Extreme Poverty By 2030. There’s Just One Catch.
By Nurith Aizenman | NPR | July 13, 2015
Achieving an ambitious universal sustainable development agenda means everyone needs to contribute. Amina Mohammed, special advisor to the Secretary-General on Post-2015 Development Planning, says everyone acknowledges aid will not be enough and other forms of financing will be need to be unlocked as well.

5. Addis Ababa talks risk deadlock over UN agency for tax
Eliza Anyangwe | The Guardian | July 13, 2015
Aid organizations fear that negotiations at the Financing for Development conference may go into deadlock over the issue of a UN agency for tax.

6. How governments and businesses can end poverty together
Mo Ibrahim and Paul Polman | CNN International | July 13, 2015
Addis Ababa, can be a “game changer” for the developing world. Government and businesses should pool resources and prioritize tackling world issues to make a difference. it is entirely possible to unlock resources by galvanizing new models of Non-Dilutive Financing and collaboration by bringing government and the private sector together.

7. Global development – and global teamwork – are key to humanity’s prosperity
Jacob J. Lew, Luis Videgaray Caso and Sufian Ahmed | The Guardian | July 13, 2015
Since 2000, great progress has been achieved worldwide; yet significant challenges, including extreme poverty, pervasive inequality and climate change, remain. Addis presents a critical, rare opportunity to protect and accelerate gains.

8. Poor Nations Push for UN Body to Cut Company Tax Avoidance
William Davidson | Bloomberg Business | July 13, 2015
Responsibility for tax standards should be moved to the UN from the Organization for Economic Co-operation and Development, a group of 34 rich countries, according to a position paper endorsed by 142 civil-society groups. The new agency should be mandated to address issues including corporate-profit shifting, increasing transparency and tax and investment treaties, according to the paper, released in the Ethiopian capital, Addis Ababa, before the four-day conference.

9. Financing for Africa’s Transformation
Carlos Lopes and Amina Mohammed | Global Daily | July 16, 2015
The financing requirements for sustainable development in Africa are high but a policy paradigm will allow us to shift and unlock resources to finance this transformation. With declining development aid and the changing ecology of global development finance, there is consensus that aid must complement rather than be a substitute for Africa’s development aspirations, as was the case in the past. The solution lies in exploring innovative sources of financing.

10. Asia-Pacific must find ways to unlock its resources to fund sustainable development
Shamshad Akhtar | South China Morning Post | July 12, 2015
The Asia-Pacific region’s development needs, though substantial, can be adequately financed by a host of measures now under way. Proposals include: establishing an Asia-Pacific forum to raise tax-to-GDP ratios by broadening tax bases, removing exemptions and improving administrative efficiency; more efficient deployment of public expenditure; and promoting regional cooperation to curb tax evasion by multinationals and illicit financial flows.

Loading Loading More Articles ...