United NationsDepartment of Economic and Social Affairs Sustainable Development
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Finance

Description

Finance for sustainable development is the subject of Chapter 33 of Agenda 21 and Chapter X of the Johannesburg Plan of Implementation.

Decisions on finance for sustainable development were taken by the Commission at its second, third, fourth, sixth, and eighth sessions, and by the General Assembly at its nineteenth Special Session [Earth Summit + 5] in its Resolution S/19-2 on the Programme for the Future Implementation of Agenda 21. All decisions of the CSD after the World Summit on Sustainable Development in 2002 had a section on finance in connection with the themes considered in those sessions (excluding CSD’s 11th session, which defined the programme of work of the Commission).

Financing was addressed in paragraphs 253 to 268 of the outcome of the UN Conference on Sustainable Development (20 - 22 June 2012), “The Future We Want”. Member States recognized “the need for significant mobilization of resources from a variety of sources and the effective use of financing, in order to give strong support to developing countries in their efforts to promote sustainable development, including through actions undertaken in accordance with the outcome of the United Nations Conference on Sustainable Development and for achieving sustainable development goals”.

The conference established an intergovernmental committee of experts and tasked it to prepare “a report proposing options on an effective sustainable development financing strategy to facilitate the mobilization of resources and their effective use in achieving sustainable development objectives”. The committee delivered its report in August 2014. The report informed the negotiations on the third international conference on financing for development, held in July 2015 in Addis Ababa.

Financing is addressed in the 2030 Agenda for sustainable development as part of the means of implementation under each of SDG 1-16 and under SDG 17. Paragraph 40 of the Summit outcome document, “Transforming our world: the 2030 Agenda for Sustainable Development”, specifies the relationship between the actions and policies agreed in Addis Ababa and the 2030 Agenda for sustainable development and reads “The means of implementation targets under Goal 17 and under each Sustainable Development Goal are key to realizing our Agenda and are of equal importance with the other Goals and targets. The Agenda, including the Sustainable Development Goals, can be met within the framework of a revitalized Global Partnership for Sustainable Development, supported by the concrete policies and actions as outlined in the outcome document of the Third International Conference on Financing for Development, held in Addis Ababa from 13 to 16 July 2015. We welcome the endorsement by the General Assembly of the Addis Ababa Action Agenda, which is an integral part of the 2030 Agenda for Sustainable Development. We recognize that the full implementation of the Addis Ababa Action Agenda is critical for the realization of the Sustainable Development Goals and targets”.

The newly established annual FfD Forum represents an important step forward in reinvigorating and strengthening the United Nations FfD follow-up process. The FfD Forum was established in accordance with paragraph 132 of the 2015 Addis Ababa Action Agenda, recognizing the need for a dedicated follow-up and review of the financing for development outcomes as well as the means of implementation of the 2030 Agenda for Sustainable Development. The FfD Forum is held annually at the United Nations Headquarters in New York with universal intergovernmental participation. It results in intergovernmentally agreed conclusions and recommendations that are fed into the overall follow-up and review of the implementation of the 2030 Agenda for Sustainable Development in the High Level Political Forum (HLPF) on Sustainable Development.

The First Economic and Social Council (ECOSOC) forum on financing for development follow-up (FfD forum) was held from 18 to 20 April 2016 in New York.

The Second Economic and Social Council (ECOSOC) forum on financing for development follow-up (FfD forum) was held from 22 to 25 May 2017 in New York.

The Third Economic and Social Council (ECOSOC) forum on financing for development follow-up (FfD forum) was held from 23 to 26 April 2018 in New York.

Displaying 1 - 82 of 82
Title Type Sort descending Date
Background paper 7 - OECD Official Development Assistance Data 3-Dec-1999
Summary of General Assembly Structured Dialogues on Possible arrangements for a facilitation mechanism to… Background papers/Special studies 13-Aug-2015
UNTT Working Group on Sustainable Development Financing - Chapter 2 Background papers/Special studies 21-Oct-2013
Thematic discussion 9: Financing sustainable transport: Domestic resource mobilization, international… Background papers/Special studies 11-Nov-2016
UNTT Working Group on Sustainable Development Financing - Chapter 3 Background papers/Special studies 21-Oct-2013
Mapping of financial flows at the sector level: A UNTT WG contribution in response to a request from the Co-… Background papers/Special studies 18-Mar-2014
Background paper 2 - Financial flow statistics Background papers/Special studies 24-Apr-2000
UNTT Working Group on Sustainable Development Financing - Chapter 4 Background papers/Special studies 21-Oct-2013
A/CONF.199/20 - Report of the World Summit on Sustainable Development Background papers/Special studies 4-Sep-2002
UNTT Working Group on Sustainable Development Financing - Executive Summary Background papers/Special studies 21-Oct-2013
Background Note on Possible arrangements for a Technology Facilitation Mechanism and other science, technology… Background papers/Special studies 17-Apr-2015
UNTT Working Group on Sustainable Development Financing - Chapter 1 Background papers/Special studies 21-Oct-2013
Expert Group Meeting on SDG 17: Thematic review Concept Notes 1-Feb-2019
A/AC.282/2013/1 - Annotated provisional agenda General Assembly 13-Aug-2013
Modalities of work - Intergovernmental Committee of Experts on Sustainable Development Financing Logistics 30-Aug-2013
Agenda Logistics 16-Aug-2011
Programme of Outreach meeting in Saudi Arabia Logistics 6-Jun-2014
E/CN.17/1996/28 - Expert Group Meeting on Financial Issues of Agenda 21 Meeting reports 6-Mar-1996
E/CN.17/1996/7 - Report of ISWG on Finance and Prod./Cons. Patterns Meeting reports 4-Apr-1996
E/CN.17/1994/10 - Financial Resources & Mechanisms Meeting reports 19-Apr-1994
E/CN.17/1996/1 - Provisional Agenda Meeting reports 8-Apr-1996
E/CN.17/1993/L.5 - Financial commitments & flows Meeting reports 17-Jun-1993
E/CN.17/1996/6 - Report of the Ad Hoc Inter-sessional Working Group on Sectoral Issues Meeting reports 12-Apr-1996
E/CN.17/1995/29 - Second Expert Group Meeting on Finance Meeting reports 20-Mar-1995
Meeting Report - Co-Creating New Partnerships for Financing Sustainable Development Meeting reports 1-May-2014
E/CN.17/1997/18 - Fourth Expert Group Meeting on Financial Issues of Agenda 21 Meeting reports 24-Feb-1997
E/2013/52 - Coherence, coordination and cooperation in the context of financing for sustainable… Other documents 24-Jun-2013
SDG Industry Matrix - Financial Services Other documents 1-Mar-2016
Co-Chairs’ Summary of the First Session Other documents 18-Sep-2013
Co-Chairs’ closing remarks during the Second Session Other documents 17-Dec-2013
Letter from the President of General Assembly appointing the Permanent Representatives of Kazakhstan and Norway to… Other documents 29-Jan-2013
Financing for Development Post-2015 Other documents 2-Oct-2013
Informal summary of the roundtable on “The Role of Islamic Finance in Sustainable Development Financing and the… Other documents 21-Aug-2014
UNICEF Brief on education, 2013 Other documents 19-Mar-2014
UN PRESS RELEASE - Finance experts from UN Member States meet to mobilize resources for sustainable future Other documents 28-Aug-2013
Steering Committee for the coordination of non-state actor involvement in the Intergovernmental Committee of… Other documents 11-Nov-2013
UNICEF Brief on financing for development, 2014 Other documents 19-Mar-2014
Bio of Dragan Županjevac (Serbia) Other documents 4-Dec-2013
Presentation by Ms. Nork Other documents 16-Aug-2011
Summary - Open Working Group on Sustainable Development Goals - Fifth session Outcome Documents 9-Dec-2013
Summary and Conclusions Outcome Documents 16-Aug-2011
Advance unedited version of the report of the Intergovernmental Committee of Experts on Sustainable Development… Outcome Documents 8-Aug-2014
Letter from the Permanent Representatives of Kazakhstan and Norway inviting Chairs of regional groups to nominate… Outcome Documents 20-Mar-2013
Summary of Co-Chair's meetings with the Major Groups and other Stakeholders Outcome Documents 5-Dec-2013
Addis Ababa Action Plan on Transformative Financing for Gender Equality and Women’s Empowerment Outcome Documents 24-Aug-2015
Press release - Expert committee gives UN General Assembly options to finance future sustainable… Press releases 19-Aug-2014
Programme for Joint Session between FfD and Post-2015 processes Programme 14-Apr-2015
A/RES/71/215 - International financial system and development Resolutions and decisions 25-Jan-2017
A/70/470 - Macroeconomic policy questions: Report of the Second Committee Resolutions and decisions 14-Dec-2015
A/RES/71/216 - Resolution adopted by the General Assembly on 21 December 2016 Resolutions and decisions 9-Mar-2018
A/CONF.227/L.2 - Expression of thanks to the people and Government of Ethiopia - Third International Conference on… Resolutions and decisions 13-Jul-2015
A/67/L.70 - Draft decision establishing the intergovernmental committee of experts on sustainable development… Resolutions and decisions 25-Jun-2013
A/70/470/Add.2 - International financial system and development: Report of the Second Committee Resolutions and decisions 15-Dec-2015
A/RES/69/313- Addis Ababa Action Agenda of the Third International Conference on Financing for Development (Addis… Resolutions and decisions 15-Jul-2015
A/70/470/Add.3 - External debt sustainability and development: report of the Second Committee Resolutions and decisions 15-Dec-2015
A/CONF.227/L.3 - Draft report of the Third International Conference on Financing for Development Resolutions and decisions 15-Jul-2015
A/RES/67/203 - Implementation of Agenda 21, the Programme for the Further Implementation of Agenda 21 and the… Resolutions and decisions 24-Jun-2013
A/70/470/Add.4 - Commodities: report of the Second Committee Resolutions and decisions 15-Dec-2015
A/CONF.227/7 - Report of the Credentials Committee Resolutions and decisions 15-Jul-2015
A/RES/67/199 - Follow-up to the International Conference on Financing for Development Resolutions and decisions 24-Jun-2013
A/70/471 - Follow-up to and implementation of the outcomes of the International Conferences on Financing for Development… Resolutions and decisions 14-Dec-2015
A/CONF.227/CRP.1 - Summary of plenary meetings Resolutions and decisions 16-Jul-2015
A/RES/71/217 - Follow-up to and implementation of the outcomes of the International Conferences on Financing for… Resolutions and decisions 3-Feb-2017
A/70/472/Add.1 - Implementation of Agenda 21, the Programme for the Further Implementation of Agenda 21 and the… Resolutions and decisions 23-Dec-2015
E/CN.17/1993/11 - Initial Financial Commitments & Flows Secretary-General Reports 7-Jun-1993
E/CN.17/1997/2/Add.23 - Financing Resources and Mechanisms Secretary-General Reports 22-Jan-1997
E/CN.17/1993/11/Add.1 - Govt. Info on Financial Commitments Secretary-General Reports 8-Jun-1993
E/CN.17/1997/2/Add.31 - Financial Flow Statistics Secretary-General Reports 14-Feb-1997
E/CN.17/1996/4 - Financial Resources and Mechanisms Secretary-General Reports 22-Feb-1996
A/72/208 - Follow-up to the outcome of the special session of the General Assembly on children Secretary-General Reports 24-Jul-2017
E/CN.17/1996/4/Add.1 - Financial Resources and Mechanisms - Addendum Secretary-General Reports 22-Feb-1996
A /68/357 - Follow-up to and implementation of the Monter rey Consensus and Doha Declaration on Financing for Development… Secretary-General Reports 3-Oct-2013
A/72/204 - Administration of justice at the United Nations Secretary-General Reports 24-Jul-2017
A/69/315 - Report of the Intergovernmental Committee of Experts on Sustainable Development Financing Secretary-General Reports 15-Aug-2014
A/72/203 - Measures taken and progress achieved in follow-up to and implementation of the Beijing Declaration… Secretary-General Reports 24-Jul-2017
E/CN.17/2001/PC/10 - Finance and Trade Secretary-General Reports 2-Mar-2001
A/68/202 - A life of dignity for all: accelerating progress towards the Millennium Development Goals and advancing… Secretary-General Reports 12-Sep-2013
A/67/769 - Global economic governance and development Secretary-General Reports 24-Jun-2013
E/CN.17/1995/8 - Financial Resources and Mechanisms Secretary-General Reports 24-Mar-1995
E/CN.17/2000/2 - Financial resources and mechanisms (Chapter 33 of Agenda 21) Secretary-General Reports 26-Jan-2000
A/68/221 - International financial system and development Secretary-General Reports 12-Sep-2013
TST Issues Brief: Macroeconomic policy questions (including international trade, international financial… Technical Support Team (TST) Issues Briefs 16-Oct-2013
Displaying 1 - 86 of 86
Title Category Sort descending Date
STI as a Sustainable Development Goal Briefing of the Co-Chairs 9-Dec-2013
European Union Closing Session 24-Apr-2015
Major Group: Women Co-chairs' meetings with Major Groups 10-Dec-2013
Major Group: Women Co-chairs' meetings with Major Groups 10-Dec-2013
International Budget Partnership Major Groups 23-Apr-2015
CECOEDECON Major Groups 23-Apr-2015
International Disability Alliance and the International Disability and Development Consortium… Major Groups 23-Apr-2015
Major Group: Children & Youth Major Groups 23-Apr-2015
Major Group: Science & Technology Major Groups 23-Apr-2015
Stakeholder Group on Ageing Major Groups 23-Apr-2015
LAC Youth Alliance Major Groups 23-Apr-2015
Children & Youth Major Group Major Groups 3-Mar-2014
Stakeholder Group on Ageing Major Groups 23-Apr-2015
Major Group: Business & Industry Major Groups 23-Apr-2015
CIVICUS Major Groups 23-Apr-2015
Asia Pacific Forum on Women, Law and Development (APWLD) Major Groups 6-Mar-2014
Major Group: Women Major Groups 23-Apr-2015
Major Group: Business & Industry Major Groups 23-Apr-2015
Beyond 2015 Major Groups 23-Apr-2015
Business and Industry Major Group Major Groups 7-Mar-2014
Farming First Coalition Major Groups 23-Apr-2015
Jubilee USA Network Major Groups 23-Apr-2015
Minority Rights Group International Major Groups 23-Apr-2015
Caritas Major Groups 23-Apr-2015
Commons Cluster Major Groups 23-Apr-2015
AWID Major Groups 23-Apr-2015
Major Group: Workers & Trade Unions Major Groups 23-Apr-2015
Major Group: Local Authorities Major Groups 23-Apr-2015
Cabo Verde Member States 23-Apr-2015
Bangladesh Member States 24-Apr-2015
Argentina Member States 21-Apr-2015
European Union Member States 21-Apr-2015
Armenia Member States 23-Apr-2015
Ecuador Member States 21-Apr-2015
Brazil Member States 21-Apr-2015
Turkey Member States 21-Apr-2015
Hungary Member States 24-Apr-2015
Switzerland Member States 21-Apr-2015
European Union Member States 23-Apr-2015
Paraguay Member States 23-Apr-2015
United Kingdom Member States 21-Apr-2015
Indonesia Member States 23-Apr-2015
Group of 77 and China Member States 23-Apr-2015
Republic of Korea Member States 21-Apr-2015
Group of 77 and China Member States 21-Apr-2015
Nepal Member States 21-Apr-2015
Alliance of Small Island States (AOSIS) Member States 21-Apr-2015
Lebanon Member States 21-Apr-2015
Egypt Member States 23-Apr-2015
Nicaragua Member States 21-Apr-2015
Republic of Korea Member States 23-Apr-2015
New Zealand Member States 21-Apr-2015
Australia Member States 22-Apr-2015
Switzerland Member States 23-Apr-2015
United States of America Member States 21-Apr-2015
Canada Member States 21-Apr-2015
Pacific Small Island Developing States Member States 21-Apr-2015
Paraguay Member States 21-Apr-2015
Republic of Korea Member States 23-Apr-2015
Venezuela Member States 23-Apr-2015
Australia Member States 23-Apr-2015
India Member States 27-Apr-2015
Sudan Member States 21-Apr-2015
Canada Member States 23-Apr-2015
Least Developed Countries Member States 21-Apr-2015
Group of Friends on Children and Sustainable Development Goals Member States 21-Apr-2015
Japan Member States 21-Apr-2015
Iceland Member States 23-Apr-2015
United States of America Member States 23-Apr-2015
Philippines Member States 21-Apr-2015
The Netherlands Member States 21-Apr-2015
Caribbean Community (CARICOM) Member States 21-Apr-2015
Community of Latin American and Caribbean States (CELAC) Member States 21-Apr-2015
Japan Member States 23-Apr-2015
Dr. Barbara C. Samuels II, Executive Director, Global Clearinghouse for Development… Presentations 5-Dec-2013
Bhumika Muchhala, Finance and Development Programme Presentations 5-Dec-2013
Mr. Aldo Caliari, Rethinking Bretton, Woods Project, Center of Concern Presentations 5-Dec-2013
Dr. Barbara C. Samuels II, Executive Director, Global Clearinghouse for Development… Presentations 17-Dec-2013
Financing for Development Presentations 25-Nov-2013
Outreach in Saudi Arabia (Session 2) Statements 6-Jun-2014
International Chamber of Commerce (ICC) Statements 2-Dec-2013
Outreach in Saudi Arabia (Session 2) Statements 6-Jun-2014
Outreach in Saudi Arabia (Introduction) Statements 6-Jun-2014
Remarks to the High-level Dialogue on Financing for Development Statements 23-Mar-2010
Message to New Energy Finance Summit Statements 19-Mar-2010
Outreach in Saudi Arabia (Session 3) Statements 6-Jun-2014

Milestones

  • January 2015 AAAA
    The Addis Ababa Action Agenda is the outcome document of the Third International Conference on Financing for Development and consists of a new global framework for financing sustainable development. The conference convened to: (1) assess the progress made in the implementation of the Monterrey Consensus and the Doha Declaration; (2) address new and emerging issues; and (3) reinvigorate and strengthen the financing for development follow-up process. Launched in October 2014, the intergovernmental preparatory process of the Conference consisted of substantive informal sessions and informal interactive hearings with civil society and the business sector through March 2015, as well as drafting sessions on the outcome document in January, April and June 2015.
  • January 2015 Targets 17.1 -17.5
    Within Sustainable Development Goal 17- "Strengthen the means of implementation and revitalize the global partnership for sustainable development", targets 17.1 -17.5 are devoted to finance. They aim to: strengthen domestic resource mobilization, including through international support to developing countries, to improve domestic capacity for tax and other revenue collection (17.1); fully implement official development assistance commitments of developed countries, including the commitment by many developed countries to achieve the target of 0.7 per cent of ODA/GNI to developing countries and 0.15 to 0.20 per cent of ODA/GNI to least developed countries; encourage ODA providers to consider setting a target to provide at least 0.20 per cent of ODA/GNI to least developed countries (17.2); mobilize additional financial resources for developing countries from multiple sources (17.3); assist developing countries in attaining long-term debt sustainability through coordinated policies aimed at fostering debt financing, debt relief and debt restructuring, as appropriate, and address the external debt of highly indebted poor countries to reduce debt distress (17.4) as well as adopt and implement investment promotion regimes for least developed countries (17.5).
  • The first session of the Intergovernmental Committee of Experts on SD Financing was held between 28th -30th August 2013 and aimed at identifying ways to mobilize resources from a variety of sources and use effective financing to provide wide support to developing countries in their efforts to promote sustainable development.
  • In “The Future We Want”, Member States recognized “the need for significant mobilization of resources from a variety of sources and the effective use of financing, in order to give strong support to developing countries in their efforts to promote sustainable development, including through actions undertaken in accordance with the outcome of the United Nations Conference on Sustainable Development and for achieving sustainable development goals”.
  • A three- day Summit, held from 24th to 26th June 2009, was organized by the United Nations to observe and assess the impact of the economic crisis and identify emergency and long-term strategies able to attenuate the impact of the crisis and promote fruitful exchanges on how to change the structure of the international financial systems and taking into consideration all the needs and concerns of all Member States.
  • January 2008 Doha Declaration
    The Doha Declaration on Financing for Development (A/CONF.212/L.1/Rev.1*) represented the outcome document of the follow-up conference, held in Doha, Qatar from 29th November to 2nd December 2008, to review the Monterrey Consensus of the 2002 International Conference on Financing for Development. The Conference included plenary meetings and six interactive multi-stakeholder round tables on the six major thematic areas of the Monterrey Consensus.
  • January 2002 Monterrey Consensus
    Known as the outcome document of the UN International Conference on Financing for Development held n Monterrey in 2002, the Monterrey Consensus has become, since its adoption, the major reference for international development cooperation. The document embraces six areas of Financing for Development: 1) mobilization of domestic financial resources for development, 2) mobilization of international resources for development: foreign direct investment and other private flows. 3) International Trade as an engine for development. 4) increase of international financial and technical cooperation for development. 5) external debt. 6) addressing of systemic issues: enhancing the coherence and consistency of the international monetary, financial and trading systems in support of development.
  • January 2002 JPOI (Chap.10)
    Finance for sustainable development is the subject of Chapter X of the Johannesburg Plan of Implementation. As paragraph 81 reads "The internationally agreed development goals, including those contained in the Millennium Declaration and Agenda 21, as well as in the present plan of action, will require significant increases in the flow of financial resources as elaborated in the Monterrey Consensus, including through new and additional financial resources, in particular to developing countries, to support the implementation of national policies and programmes developed by them, improved trade opportunities, access to and transfer of environmentally sound technologies on a concessional or preferential basis, as mutually agreed, education and awareness-raising, capacity - building and information for decision -making and scientific capabilities within the agreed time frame required to meet these goals and initiatives".
  • January 1992 Agenda 21(Chap. 33)
    Chapter 33 deals with the financing of the implementation of Agenda 21, which reflects a global consensus integrating environmental considerations into an accelerated development process. Paragraph 2 of Chapter 33 points out how "for each of the other chapters, the secretariat of the Conference has provided indicative estimates of the total costs of implementation for developing countries and the requirements for grant or other concessional financing needed from the international community".