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Hub News Article Jul 24, 2015

UNCTAD Contributes to the Financing for Development Conference

Government leaders have committed to an ambitious set of action points they hope will mobilize funds to finance the proposed sustainable development goals (SDGs). The undertakings were made at the Third International Conference on Financing for Development, held on 13-16 July in Addis Ababa, which gathered high-level political representatives, institutional stakeholders, non-governmental organizations and business sector entities.

Pertinently, the counties confirmed their intention to craft trade and investment agreements with appropriate safeguards for public policy objectives. UNCTAD, which has been a focal point in this area, was specifically requested to continue its existing programme of meetings and consultations with Member States on investment agreements.

As part of the Conference, UNCTAD held an event on Investing in the SDGs: strategies and actions. Secretary-General Kituyi chaired the discussion that focused on key strategies and actions necessary to support effective investment in the SDGs. Panellists drew on extensive experience from different regions, sectors and areas of expertise.

UNCTAD also launched and disseminated a number of initiatives and products, including:

  • Investment Policy Framework for Sustainable Development (2015 Edition)
  • Business School for Impact Initiative
  • Action Menu for IIA Reform
  • Proposed Principles for Enhancing the Coherence between FDI and Tax policies

See Conference's outcome document