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

A/RES/78/231View 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 2023.

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?

4 topics

Conferences Development Assistance Development Finance International Cooperation

Which reports were submitted under this mandate?

1 report of the Secretary-General submitted under this mandate, 2024.

2024A/79/285Follow-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?

47 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, as well as several emerging trends that have contributed to the finance divide and risk further exacerbating it, while acknowledging 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;

Welcomes the political declaration adopted by the high-level political forum on sustainable development convened under the auspices of the General Assembly (Sustainable Development Goals Summit), held in New York on 18 and 19 September 2023, and urges timely action to ensure its full implementation;

Takes note of the 2023 report of the Inter-Agency Task Force on Financing for Development, and notes with concern the report’s key message that global sustainable development prospects continue to diverge and if left unaddressed, the finance divide will translate into a lasting sustainable development divide;

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, calls for the urgent voluntary rechannelling of special drawing rights for countries most in need, including through multilateral development banks, while respecting relevant legal frameworks and preserving the reserve asset character of special drawing rights, and will explore ways for future allocations of special drawing rights to benefit those countries most in need;

Notes with appreciation the operationalization of the Resilience and Sustainability Trust of the International Monetary Fund to help eligible countries address longer-term structural challenges that pose macroeconomic risks, looks forward to the upcoming interim review of the Trust, 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 2023 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 2024 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 2023 Economic and Social Council forum on financing for development follow-up;

Emphasizes that timely and adequate planning for the 2024 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 2023 forum on financing for development follow-up in the preparation of the 2024 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 to narrow digital divides, and to build on financial technology to support financial inclusion;

Recalls the convening of the eighth annual multi-stakeholder forum on science, technology and innovation for the Sustainable Development Goals in New York on 3 and 4 May 2023, 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; 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;

Urges developed countries to scale up and fulfil their respective official development assistance commitments, including the commitment by many developed countries to achieve the targets of 0.7 per cent of gross national income for official development assistance to developing countries and 0.15 to 0.20 per cent to the least developed 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, 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, 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;

Calls for advancing the elaboration of a specific inter-agency, comprehensive system-wide response plan, taking note of the mapping exercise conducted by the Secretary-General and his recommendations, aimed at better addressing the multidimensional nature of sustainable development and facilitating sustainable development cooperation and coordinated and inclusive support to middle-income countries based on their specific challenges and diverse needs;

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;

Emphasizes the need to urgently develop measures of progress on sustainable development that complement or go beyond gross domestic product in order to have a more inclusive approach to international cooperation, including in the consideration of informing access to development finance and technical cooperation, and in this regard:

Notes all the proposals presented by the Secretary-General regarding measures of progress that complement or go beyond gross domestic product, building upon complementary measures already in place, for the consideration of the General Assembly;

Stresses the call for a United Nations-led intergovernmental process in consultation with relevant stakeholders, including the UN Statistical Commission, international financial institutions, multilateral development banks and regional commissions, in line with their respective mandates, on measures of progress on sustainable development that complement or go beyond gross domestic product;

Requests the Secretary-General to convene additional briefings on his proposals, in consultation with the General Assembly, so as to inform the United Nations-led process;

Calls upon the international community to increase the provision of resources for and capacity-building on statistics and data collection, including disaggregated data, to support developing countries in their efforts and to fill gaps in reporting on the Goals;

Recognizing the importance of designing robust and technically sound measures of progress while also recognizing the value of evidence-based approaches to evaluate progress to date towards the Sustainable Development Goals;

Welcomes the work of the High-level Panel on the Development of a Multidimensional Vulnerability Index for Small Island Developing States, which was co-chaired by the Prime Minister of Antigua and Barbuda, Gaston Browne, and the former Prime Minister of Norway, Erna Solberg, including its consultations with Member States, and in this regard takes note of the Panel’s final report and the recommendations contained therein;

Decides to convene, 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, including in the context of the urgent need to accelerate the implementation of the 2030 Agenda and the achievement of the Sustainable Development Goals and to support reform of the international financial architecture;

Welcomes the offer by the Government of Spain to host the Fourth International Conference on Financing for Development;

Decides to establish an intergovernmental preparatory committee to make the organizational, procedural and substantive preparations for the Conference, which will hold a one day organizational session in the first quarter of 2024 and up to three sessions, of no more than five days each, in 2024 and up to two sessions, of no more than five days each, in 2025, with the last session taking place in New York, on dates to be decided at the organizational session of the intergovernmental preparatory committee;

Also decides that the intergovernmental preparatory committee shall have a Bureau consisting of three members from each regional group and that the committee shall elect two Co-Chairs from among the nominated Bureau members, one from a developed State and one from a developing State, and that the host country and the Chair of the Group of 77 and China shall serve as ex officio members of the Bureau;

Invites regional groups to nominate their candidates for the 15-member Bureau of the intergovernmental preparatory committee no later than 15 January 2024, so that they can be involved in the preparations for the first meeting of the committee;

Decides that the intergovernmental preparatory committee, during its organizational session in the first quarter of 2024, will adopt decisions and, as appropriate, make recommendations to the General Assembly on the dates of the sessions of the intergovernmental preparatory committee, additional modalities, including inclusive participation, and format of the Conference and how it can be organized in the most efficient and effective manner;

Welcomes the offer by the Government of Ethiopia to host one of the sessions of the intergovernmental preparatory committee in 2024 in Addis Ababa as part of the preparatory process of the Fourth International Conference on Financing for Development to review the progress and the gaps in the implementation of the Addis Ababa Action Agenda as an integral part of the 2030 Agenda, and identify actions and ideas to accelerate the implementation of the Sustainable Development Goals;

Also welcomes the offer by the Government of Mexico to host one of the sessions of the intergovernmental preparatory committee as part of the preparatory process of the Fourth International Conference on Financing for Development;

Invites the Bureau to convene further meetings of the intergovernmental preparatory committee on an informal basis in New York, as required and in the most efficient and effective manner, to conclude discussions on the modalities and draft outcome document of the Conference;

Reiterates its appeal to Member States and other potential donors to consider contributing generously to the Trust Fund for the Follow-up to the International Conference on Financing for Development, which would facilitate the implementation of a strengthened and more effective inclusive, intergovernmental process for carrying out the financing for development follow-up;

Recognizes the work of the Financing for Sustainable Development Office, and encourages the Office, in collaboration with experts from the public and private sectors, academia, civil society and other multilateral organizations who work in the field of financing for development, to continue its work in accordance with its mandate;

Requests the Secretary-General to submit to the General Assembly at its seventy-ninth 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 the Fourth International Conference on Financing for Development;

Looks forward to the 2024 report of the Inter-Agency Task Force on Financing for Development, namely its assessment on 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, with a view to informing an inclusive informal dialogue on all issues related to the Fourth International Conference on Financing for Development;

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

50th (resumed) plenary meeting

22 December 2023

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