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Acceleration Clause Meaning in Business Law

Addis Ababa Agreement 2015

The conference is the first of three crucial events this year that can set the world on an unprecedented path to a prosperous and sustainable future. Its results provide a solid basis for countries to finance and adopt the sustainable development agenda proposed in New York in September and to reach a binding agreement at the UN climate negotiations in Paris in December that will reduce global carbon emissions. “We reaffirm that each country bears the primary responsibility for its own economic and social development and that the role of national policies and development strategies cannot be overstated,” the agreement said. The Addis Ababa Action Agenda contains important political commitments and key results in critical areas for sustainable development, including infrastructure, social protection and technology. There have been international cooperation agreements to finance certain areas where significant investments are needed, such as .B. in energy, transport, water and sanitation infrastructure and other areas to contribute to the achievement of the proposed Sustainable Development Goals. The Inter-Agency Working Group on Financing for Development was convened in late 2015 and is coordinated by the United Nations Department of Economic and Social Affairs. [5] The World Bank Group, the International Monetary Fund, the World Trade Organization, the United Nations Conference on Trade and Development (UNCTAD) and the United Nations Development Programme (UNDP) are the main institutional actors in the financing for development process. Together with DESA, they play a coordinating role for the working group.

Countries reach historic agreement on raising funds for a new sustainable development agenda Wu Hongbo, Secretary General of the conference, said: “This historic agreement marks a turning point in international cooperation that will lead to the investments needed for the transformative new sustainable development agenda that will improve the lives of people everywhere.” During the negotiation of the Addis Ababa Agenda, an important debate took place on the relationship between the agreement and the 2030 Agenda for Sustainable Development. Previous financing for development results, such as the Monterrey Consensus, had no formal link to the United Nations Millennium Development Goals. Many countries wanted to ensure that the financing for development process continued as a separate process, while others believed that the two countries should be harmonized. In the end, countries agreed that the processes would continue in parallel and with formal links. The Addis Ababa Agenda was adopted three months before the 2030 Agenda. It explicitly states that one of the tasks of the conference is to “further strengthen the financing framework for sustainable development and the means to implement the universal post-2015 development agenda”. The 2030 Agenda states: “The Addis Ababa Action Agenda supports, complements and helps contextualize the implementation goals of the 2030 Agenda. [4] The groundbreaking agreement, the Addis Ababa Action Agenda, provides a basis for the implementation of the global sustainable development agenda, which world leaders are expected to adopt in September this year.

The agreement was reached by the 193 UN member states participating in the conference after negotiations led by Ethiopian Foreign Minister Tedros Adhanom Ghebreyesus. The agreement, adopted after months of negotiations between countries, marks an important step towards a strengthened global partnership that aims to promote universal and inclusive economic prosperity and improve people`s well-being while protecting the environment. Neven Mimica, European Union Commissioner for International Cooperation and Development, tweeted on Wednesday night: “Great evening in #Addis – we have an agreement for our world, our dignity, our future!” “Citizens around the world must continue to challenge rules rigged that promote vested interests, and governments must listen. 2015 can still bring the change we need for a more just future,” said Byanyima. Delegates celebrate the agreement on the Addis Ababa agenda with Conference Secretary-General Wu. Photo: UN DESA/Shari Nijman UN Secretary-General Ban Ki-moon said: “This agreement is a crucial step in building a sustainable future for all. It provides a global framework for financing sustainable development. He added: “The results here in Addis Ababa give us the foundation for a revived global partnership for sustainable development that will leave no one behind. The role of private investment was highlighted, with the promise of creating an enabling environment through regulation and public policy. However, some NGOs warn that the focus on private financing may not benefit the world`s poorest people. “This agreement opens the door for the private sector to use development funds to generate profits, while standards that ensure companies respect human rights remain non-binding guidelines,” said María José Romero of Eurodad. The Addis Ababa Action Agenda[1] is the outcome of the Third International Conference on Financing for Development 2015, held in Addis Ababa, Ethiopia.

It was adopted by the Heads of State or Government on 15 July 2015. 174 States Members of the United Nations sent delegations; [2] 28 Heads of State, Vice-Presidents and Heads of Government attended. [3] Governments were joined by the Chiefs of Staff of the United Nations, the International Monetary Fund (IMF), the World Bank and the World Trade Organization (WTO), prominent business leaders and civil society, and other stakeholders. The agreement follows the 2002 Monterrey Consensus and the 2008 Doha Declaration on Financing for Development. To achieve these goals, countries have also agreed on new initiatives, including: The ECOSOC Forum on Financing for Development meets annually. It includes ECOSOC`s high-level dialogue with the Bretton Woods institutions and the World Trade Organization. It is responsible for reviewing the implementation of the Addis Ababa Agenda and the objectives of the “means of implementation” of the Sustainable Development Goals (SDGs). The 2030 Agenda for Sustainable Development states that the agreed conclusions and recommendations of the Forum “will feed into the overall follow-up and review of the implementation of this Agenda in the High-level Political Forum”. [4] The outcome document also highlights the importance of balancing private investment with sustainable development, as well as public policies and regulatory frameworks, in order to provide appropriate incentives. A new mechanism that will facilitate the financing of new technologies for developing countries was also agreed. When an agreement was reached at the Financing for Development Summit in Addis Ababa on financing poverty reduction, the United Nations welcomed a historic moment, while others described the result as tragic.

We are looking at what has been agreed, but the type of agreement that has been reached still seems to be the subject of debate. The European Network for Debt and Development (Eurodad) deplored the lack of commitment to an international tax body that would include the participation of developing countries. Oxfam said the summit had resulted in “unresolved manipulated tax rules and privatised development”, but it also promised that the fight for “genuine global tax reform and cooperation” would continue. “Today, one in seven people live in poverty and Addis Ababa was a unique opportunity to find the resources to end this scandal,” said Winnie Byanyima, Oxfam`s International Executive Director. “But the Addis Agenda for Action has dried up aid promises, entrusting development only to the private sector without adequate safeguards.” Climate Change – The Programme of Action calls on developed countries to implement their commitment to the goal of jointly mobilizing $100 billion per year by 2020 from a variety of sources to meet the needs of developing countries. .

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