Follow-Up to and Implementation of the Outcomes of the International Conferences on Financing for Development

A/RES/77/156View PDF

Who created this mandate?

A Resolution of the General Assembly, under agenda item 17Follow-up to and implementation of the outcomes of the International Conferences on Financing for Development, published in 2022.

What other versions does this mandate have?

10 versions · 2017–2025

This is an older version — the most recent is A/RES/80/129

2025A/RES/80/129Follow-up to and implementation of the outcomes of the International Conferences on Financing for DevelopmentLatestCompare with previous version
2024A/RES/79/199Follow-up to and implementation of the outcomes of the International Conferences on Financing for DevelopmentCompare with previous version
2023A/RES/78/231Follow-up to and implementation of the outcomes of the International Conferences on Financing for DevelopmentCompare with previous version
2022A/RES/77/156Follow-up to and implementation of the outcomes of the International Conferences on Financing for DevelopmentCompare with previous version
2022A/RES/76/198Follow-up to and implementation of the outcomes of the International Conferences on Financing for DevelopmentCompare with previous version

Versions are identified automatically by matching titles within the same organ (~97% accuracy on a manual audit).

What subjects does this mandate have?

6 topics

Conferences Consultations Covid-19 Development Assistance Development Finance International Cooperation

Which reports were submitted under this mandate?

1 report of the Secretary-General submitted under this mandate, 2023.

2023A/78/190Follow-up to and implementation of the outcomes of the International Conferences on Financing for Development report of the Secretary-General

Identified automatically from the metadata in each report’s UN Digital Library catalogue record.

What does this mandate say?

29 operative paragraphs

Takes note of the report of the Secretary-General, notes with concern the lack of progress made on financing for development commitments since the adoption of the Addis Ababa Action Agenda of the Third International Conference on Financing for Development and the Sustainable Development Goals while acknowledging that a rapidly changing world has affected implementation and that the challenges of the moment merit the attention and focus of policymakers at the highest level, and expresses concern that the mobilization of sufficient financing from all sources, including official development assistance, remains a major challenge in the implementation of the 2030 Agenda for Sustainable Development;

Emphasizes the need to work towards the full and timely implementation of the Addis Ababa Action Agenda, including to reaffirm and build on the achievements of the Doha Declaration and the Monterrey Consensus;

Takes note of the report of the Inter-Agency Task Force on Financing for Development, and notes with concern the report’s key message of a lost decade of sustainable development where many developed countries saw a rapid economic recovery from the pandemic shock in 2021 while many developing countries did not regain lost ground, resulting in a severe setback to the Sustainable Development Goals, with an additional 77 million people living in extreme poverty in 2021 and a dramatic increase in inequality;

Recognizes that, in combating the negative impacts caused by the COVID-19 pandemic and in order to achieve a sustainable, inclusive and resilient recovery, a functioning global financial safety net, with a strong, quota-based and adequately resourced International Monetary Fund at its centre, is important to support a global economic recovery, welcomes the special drawing rights allocation of the equivalent of 650 billion United States dollars of 23 August 2021, recommends the exploration of further voluntary options related to special drawing rights that could serve the needs of developing member countries of the International Monetary Fund, commends countries that pledged 81.6 billion dollars through the voluntary channelling of special drawing rights or equivalent contributions, calls for further pledges from all willing and able countries to meet the total global ambition of 100 billion dollars of voluntary contributions for countries most in need, takes note with appreciation of the operationalization of the Resilience and Sustainability Trust of the Fund to help eligible countries to address longer-term structural challenges that pose macroeconomic risks, and notes that debt sustainability and liquidity can play an important role in achieving a sustainable, inclusive and resilient recovery and the Sustainable Development Goals;

Welcomes the intergovernmentally agreed conclusions and recommendations of the 2022 Economic and Social Council forum on financing for development follow-up and urges their full, effective and timely implementation, and looks forward to staying engaged so as to assess progress, identify obstacles and challenges in the implementation of the financing for development outcomes and in the delivery of the means of implementation, promote the sharing of lessons learned from experiences at the national and regional levels, address new and emerging topics of relevance to the implementation of this agenda as the need arises and provide policy recommendations for action by the international community in substantive intergovernmentally agreed conclusions and recommendations at the 2023 forum;

Notes in this regard the further development of integrated national financing frameworks, in support of nationally owned sustainable development strategies, including disaster risk reduction strategies, in order to further implement the Addis Ababa Action Agenda, aimed at effectively mobilizing and aligning a wide range of financing sources and instruments with the 2030 Agenda for Sustainable Development and making use of the full potential of all means of implementation;

Takes note of the summary by the President of the Economic and Social Council of the 2022 Economic and Social Council forum on financing for development follow-up;

Emphasizes that timely and adequate planning for the 2023 Economic and Social Council forum on financing for development follow-up is of paramount importance to its substantive work and outcome;

Invites the President of the Economic and Social Council to take into consideration the summary by the President of the Council of the 2022 forum on financing for development follow-up in the preparation of the 2023 forum;

Recalls that decisions relating to the Economic and Social Council forum on financing for development follow-up are to be contained within the forum’s intergovernmentally agreed conclusions and recommendations;

Takes note of the work of the Committee of Experts on International Cooperation in Tax Matters and the initial contributions made by India to the voluntary trust fund, by Norway to a multi-donor project aimed at supporting the work of the Committee, its subcommittees and related capacity-development activities, as well as the contributions by the European Union and other countries in support of the Committee’s subsidiary bodies, and urges Member States to come forward to contribute more to the trust fund in order to further support the participation of developing countries;

Recalls the holding of the 2020 Global Infrastructure Forum from 6 to 8 October 2020, in a virtual setting, and reiterates that the Forum is mandated to identify and address infrastructure and capacity gaps in developing countries, particularly in the least developed countries, landlocked developing countries, small island developing States and African countries;

Also recalls the progress made in operationalizing the three components of the Technology Facilitation Mechanism, and welcomes the establishment of the 2030 Connect online platform as part of the Mechanism;

Further recalls the operationalization of the Technology Bank for the Least Developed Countries, and invites Member States, as well as international organizations, foundations and the private sector, to provide increased voluntary financial contributions and technical assistance to ensure its full and effective implementation;

Highlights the need to provide universal and affordable access to the Internet by 2030 as an essential step towards an inclusive and sustainable digital economy that empowers people in vulnerable situations, and to build on financial technology to support financial inclusion;

Recalls the convening of the seventh annual multi-stakeholder forum on science, technology and innovation for the Sustainable Development Goals in New York on 5 and 6 May 2022, whose Co-Chairs’ summary served as an input to the high-level political forum on sustainable development and highlighted, inter alia, the promotion of networking and matchmaking among relevant stakeholders, especially innovators, funders and other supporters, to bridge the technology gap for the Sustainable Development Goals;

Also recalls that the Addis Ababa Action Agenda provides a global framework for financing sustainable development and is an integral part of the 2030 Agenda, supports and complements it and helps to contextualize the means of implementation targets with concrete policies and actions, the implementation of which requires following up on, that relate to its seven action areas, namely, domestic public resources; domestic and international private business and finance; international development cooperation; international trade as an engine for development; debt and debt sustainability; addressing systemic issues; and science, technology, innovation and capacity-building; and data, monitoring and follow-up;

Reiterates that States will not be able to achieve the ambitious Goals and targets of the 2030 Agenda without a revitalized and enhanced global partnership and comparably ambitious means of implementation, and reaffirms the commitment at the very heart of the 2030 Agenda to leave no one behind and commit to taking more tangible steps to support people in vulnerable situations and the most vulnerable countries and to reach the furthest behind first;

Notes that official development assistance reached its highest level in 2021 during the unprecedented COVID-19 crisis, underscores the need for this trend to continue, urges development partners to scale up and fulfil their respective official development assistance commitments, including the commitment by many developed countries to achieve the target of 0.7 per cent of gross national income for official development assistance and 0.15 to 0.20 per cent of gross national income for official development assistance to the least developed countries, and notes that all development partners should align their support with the priorities of recipient countries, as identified in the national sustainable development strategies of developing countries;

Encourages strengthening the lending capacity of multilateral development banks, in that regard urges them to make the most efficient use of their balance sheets in order to optimize their lending while preserving their robust credit ratings, financial sustainability and preferred creditor status, and takes note of the independent review of the banks’ capital adequacy frameworks and ongoing balance sheet optimization efforts, commissioned by the Group of 20;

Notes the policy recommendations of the Intergovernmental Group of Experts on Financing for Development of the United Nations Conference on Trade and Development, and that the agreed policy recommendations serve as an input to the Economic and Social Council forum on financing for development follow-up in accordance with the terms of reference of the Intergovernmental Group of Experts;

Also notes that, in order to advance bold and concerted global action to achieve sustainable development in its three dimensions – economic, social and environmental – in a balanced and integrated manner, and achieve a sustainable, inclusive and resilient recovery, and set the world on a path towards the achievement of the Sustainable Development Goals by 2030, COVID-19 response measures, both domestic efforts and multilateral action, as well as multi-stakeholder partnerships that include the private sector, should be geared to supporting medium- and long-term sustainable development, particularly in developing countries, emphasizes the importance of improving investment and financing in sectors that are critical to accelerating the achievement of the 2030 Agenda, the Addis Ababa Action Agenda and other agreed commitments to support countries in special situations, amid the COVID-19 pandemic, stresses the need to promote quality, reliable, sustainable and resilient infrastructure, particularly in developing countries, in a manner that has the greatest social, economic and environmental benefits, in order to build resilience against shocks for an inclusive, sustainable and resilient recovery and achieve the Sustainable Development Goals, and recognizes the important role of the United Nations development system, the World Bank and other multilateral institutions in addressing the capacity gaps and funding requirements for developing quality, reliable, sustainable and resilient infrastructure projects, especially in developing countries, working through existing initiatives;

Welcomes the mapping exercise to be conducted by the Secretary-General, as mandated under General Assembly resolution 76/215 of 17 December 2021, to provide a detailed overview of the current support available to middle-income countries aimed at better addressing the multidimensional nature of sustainable development and facilitating sustainable development cooperation and coordinated and inclusive support to middle-income countries;

Calls upon all Member States to continue to engage in discussions in consultation with relevant stakeholders, including international financial institutions, multilateral development banks and regional commissions, on measures of progress on sustainable development that complement or go beyond gross domestic product, taking into account existing initiatives, to have a more inclusive approach to international cooperation;

Looks forward to the proposals to be presented by the Secretary-General regarding measures of progress that complement or go beyond gross domestic product, building upon the complementary measures already in place, for the consideration of Member States;

Welcomes the progress achieved so far, takes note with appreciation of the interim report published by the High-level Panel on the Development of a Multidimensional Vulnerability Index for Small Island Developing States, looks forward to the finalization of the work of the Panel, and encourages the international community to consider multidimensional vulnerability, including the potential of a multidimensional vulnerability index, as criteria to access concessional finance;

Decides to consider convening, in 2025, a fourth international conference on financing for development to, inter alia, assess the progress made in the implementation of the Monterrey Consensus, the Doha Declaration and the Addis Ababa Action Agenda, identifying obstacles and constraints encountered in the achievement of the goals and objectives agreed therein, as well as actions and initiatives to overcome these constraints, and to address new and emerging issues;

Requests the Secretary-General to submit to the General Assembly at its seventy-eighth session an action-oriented report, presenting emerging challenges and key accelerators for financing for development that may be relevant for future discussions in the framework of the Economic and Social Council forum on financing for development follow-up and on a fourth international conference on financing for development;

Decides to include in the provisional agenda of its seventy-eighth session the item entitled “Follow-up to and implementation of the outcomes of the International Conferences on Financing for Development”.

Paragraph content is machine-extracted from UN documents. For authoritative content, please refer to the official UN document.

No headings found in this document.

Who created this mandate?

What other versions does this mandate have?

What subjects does this mandate have?

Which reports were submitted under this mandate?

What does this mandate say?

Table of contents