Promises made to finance sustainable development must be kept: UN

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President of the Economic and Social Council (ECOSOC) Frederick Musiiwa Makamure Shava. UN Photo/Rick Bajornas

Promises made for financing the implementation of the Sustainable Development Goals (SDGs) must be kept, the President of the UN Economic and Social Council (ECOSOC) said on Monday.

Frederick Musiiwa Makamure Shava opened the 2017 Forum on financing for development.

Also present at the event were heads of international trade and financial institutions such as the Bretton Woods Institutions which include the World Bank and International Monetary Fund (IMF).

Jocelyne Sambira has more.

Participants at the 2017 Forum on Financing for Development are expected to review the Addis Ababa Action Agenda adopted by Member States in 2015.

The historic agreement laid the foundation for the post-2015 development agenda known as the Sustainable Development Goals, or SDGs.

ECOSOC president and chair of Monday's meeting, Frederick Musiiwa Makamure Shava said participants will examine the seven action areas of the Addis Agenda and identify progress made as well as challenges.

"It is our moral duty to use this opportunity wisely in order to advance the world towards achieving the SDGs and to ensure that promises made are promises kept."

The Addis Agenda provides incentives for investment in areas of global need, and aligns financing flows and policies with economic, social and environmental priorities.

Many initiatives have been launched since 2015, including the Addis Tax Initiative, increased commitments from development banks, and a new financing partnership for women’s and children’s health.

Jocelyne Sambira, United Nations.

Duration: 1’15”

 

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