• Mission Statement

    The NGO Committee on Financing for Development at the United Nations advocates for a worldwide economy that is environmentally and socially sustainable, ethical, and people-centered.

    Guided by the 2002 Monterrey Consensus, we urge policymakers to support development strategies that end global poverty and advance human rights. We seek international financial systems that are fair and truly representative of all people. We are motivated by the moral imperatives underlying the United Nations Charter and the missions of the organizations we represent.

  • Membership Benefits

    Network and dialogue at the UN with those working on for Financing for Development (FfD) issues and collaborate with global network of FfD organizations.

    Participate in monthly meetings featuring regular briefings from the UN FfD Office and distinguished guest speakers from the UN Community.

    Voice concerns on FfD issues to the UN through written and oral statements prepared within the Committee.

    Receive notices of meetings and conferences on FfD issues sponsored by the UN or NGO Committee, including high-level meetings with Bretton Woods institutions (World Bank, International Monetary Fund, World Trade Organization).

    (Go to www.ngosonffd.org for FfD resources and committee membership form)

  • Advertisements


Nkoa 3By Sébastien Nkoa Ayissi, OP, Cameroonian economist, banker, and student of Theology at the Catholic University of East Africa in Nairobi, Kenya, and SNDatUN delegate to the Third International Conference on Financing for Development

The third UN conference on Financing for Development (FfD3) that ended in Addis Ababa last July 2015 has been closely followed up by the adoption of the Addis Ababa Action Agenda (AAAA) which proposes a roadmap towards the implementation of the main points of Addis outcome document. Yet the question here remains open: Is the AAAA able to meet the goals of what started in Monterrey in 2002 and was refined in Doha in 2008? My first glimpse of the AAAA suggests that we are still far from the initial goals for three main reasons: the focus point is missed, the actors and MoI (means of implementation) to achieve the goals are also, and lacking as well are the beneficiaries of changes that are expected.

Though AAAA #132 shows a sign of following up on the FfD through an annual meeting under the auspices of ECOSOC and HLPF (High Level Political Forum), the focus of FfD related to Doha and Monterrey is being lost. At this point it is clear that the FfD process should remain different from the SDG process. Indeed if the FfD process and the SDG process are combined as AAAA tries to do, the Monterrey and Doha spirit are lost since the focus of FfD3 should have as targets the structural problems that block LDCs, LLDCs, and SIDS in order to really address the problems of development in a fundamental way. AAAA joins SDG in that it searches to raise more money. The SDGs are to replace the MDGs and will need 3.5 to 5.0 trillions of Dollars per year in order to eradicate poverty by 2030. This can be compared to Addis Ababa outcome that empowered the private sector to seek more money instead of reforming the system. In comparison Doha had more engaging language that was action-oriented towards structural change (Doha Declaration ## 15, 16, 18, 23, 24 just to mention a few), thus following in the footsteps of Monterrey and clearly different from the eight MDGs. Now it is clear that AAAA carries within it more the ambitious SDGs that lead it to look for more money to achieve the ambitious program rather than to keep the focus on the structural problem to address the roots of under-development.

Besides the loss of focus, AAAA separates itself from Doha and Monterrey by the fact that actors who are to implement the resolutions as well as MoI are not the right ones to do it. As Monterrey and Doha contended, actors of structural change should be independent actors who will represent all the components of the society at their different levels of activities, in clear opposition to the multi-stakeholders partnership that renders the system not only heavy but reduces transparency and accountability against justice equity and humanity. AAAA # 46, 47, 49 117 give the responsibility of leveraging poverty to the private sector. This will most naturally influence the type and quantity of ODA that flows towards LDCs, LLDCs, SIDS, and others. Though AAAA #51 reveals the failure to raise the 0,7% ODA/GNI there is no clear mention of the way forward to solve it as Doha or Monterrey would have done. Rather in #58 the so-called catalytic role of ODA is favored leading to the fear of losing transparency and accountability. The question that we ask ourselves here is who will be controlling the action of the private sector. If the spirit of AAAA #36 is not clarified, the private sector can align business interests to SDGs, thus killing them even before they are disclosed.

What can we then say about the beneficiaries? At the human level AAAA#16 is a clear illustration that profound inequalities have not been addressed in terms of wages, tax issues (AAAA#29) where a global tax body is not set up, illicit finance flow is not stopped, extractive industry should conform to norms of local governments and global policies of transparency. Let’s remember that Monterrey and Doha took a strong and firm position on those issues. In AAAA #16 related to DRM (Domestic Resource Mobilization) no consideration is taken of a holistic approach that favors the whole human being in all its components. Monterrey and Doha on this point did not miss putting human needs at the center of their preoccupations and action-centered agenda. Here we can ask ourselves who are the real beneficiaries of all those plans of action. If the Post-2015 development agenda wants to eradicate poverty as is supposed how can it neglect gender equality since AAAA#21 sounds like an instrumentalisation of women.

As we are still in the area of missed goals, what about the climate issue? Indeed AAAA#61 does not take a clear stand on the issue of aid on one side and “climate finance” on another. Issues that relate the upcoming COP21 in Paris to FfD seem then to be more related to Monterrey and Doha documents that treated them much better than to the latest document that is AAAA.

As we mentioned at the beginning of this short reflection, from Monterrey to Addis Ababa the way has been long, yet it is sad to notice that the way has also been a backward one since issues that were engaged in Monterrey and elaborated in Doha have just been put aside in AAAA. That is why a number of questions are raised regarding the perspective that AAAA proposes, actors and MoI to be used to achieve the goals, and finally the real beneficiaries of the Post-2015 development agenda. There is a real call for action at this point in order to keep focus, lead clear action on FfD which is different from SDG, and aim at serving the “human” in all his/her dimensions of life, if AAAA wants to meet the goals of what started in Monterrey in 2002.