Understanding Addis Ababa: Financing for development
Author: Paulina Ceballos, Operations Manager, Emerging ag
2016 was the first full year of implementation of the Addis Ababa Action Agenda. Efforts have begun at all levels to mobilize resources and align financing flows and policies with economic, social and environmental priorities in support of all three dimensions of sustainable development. The recently launched advance unedited draft of 2017 report of the Inter-agency Task Force on Financing for Development Addis Ababa Action Agenda calls on businesses to apply their creativity and innovation to solving sustainable development challenges, and invites them to engage as partners in implementation of the sustainable development agenda.
I could not overlook the following acknowledgment: “While the large preponderance of private business activity remains profit driven, a growing number of institutions have double or triple (social and environmental) bottom lines.”
As the report highlights, it is important to recognize that the private sector includes a wide range of diverse actors, from individual households and international migrants to multinational corporations. And that Private business activity, investment and innovation are major drivers of productivity, employment and economic growth.
Read the advance unedited draft of 2017 report of the Inter-agency Task Force on Financing for Development – Progress and prospects here: