Thursday, 16 July 2015

The Side Events-Third International Conference On Financing For Development, #FFD3



Ethiopia hosted the Third International Conference on Financing for Sustainable Development, #FFD3, from 13-16 July 2015 in its capital, Addis Ababa. It was a great privilege for the nation to host such a remarkable, a once in a while and the highest level of global agenda whose outcome will have the greatest impact on the global scale. The conference came to an end with a historic agreement by nearly 200 countries and I believe it was a success to Ethiopia, Africa and the global community.


The conference was a land mark event leading to the post-2015 sustainable development agenda aiming to eradicate poverty and hunger, and achieving sustainable and inclusive development through mobilization of domestic resources, international development cooperation, international trade, and international private businesses and finances, together with additional development instruments. The conference was accompanied by about 200 side events including Africa’s economic transformation.
Apart from the main conference agenda, what was equally important for Ethiopia was the opportunity to conduct the many (Secondary) side events as bilateral and multilateral dialogues with leaders, the highest level delegates and representatives of countries and business leaders. Ethiopia Rising being one of them.

It was essentially an excellent selling point for the nation. Ethiopian diplomats were, I could say, in their busiest schedules conveying the messages of political, economical, investment, and trade opportunities the country entails for the cautious external community.

Irrespective of frustrations and pessimistic expectations of the outcomes of the conference, Addis Ababa laid the foundation for the success in New York (summit on sustainable development in September) and Paris (meaningful climate agreement in December) for the common global agendas, leaving the global tax policy formulation in vague at least for now. 

Well Done, Addis Ababa!