Financing for development

The 2030 Agenda for Sustainable Development, in particular SDG 17, and the Addis Ababa Action Agenda (AAAA) adopted at the Third International Conference on Financing for Development (FFD3) in 2015 provided a global framework on financing for sustainable development. The United Nations system as a whole is mandated to play a central role in its implementation.

ESCAP was among the first United Nation entities to prioritize financing for development. It coordinated the Asia-Pacific regional consultation leading up to the FFD3 and contributed substantive regional policy inputs to inform the debate.

It also mainstreamed financing for development into its intergovernmental coordination framework through ESCAP Commission resolution 71/1 in 2015 and created a dedicated FFD section in 2017 to strengthen its in-house capacity to service Asia-Pacific countries.

ESCAP further strengthened its support for FFD in the following years, in response to the call of the Addis Ababa Action Agenda on Financing for Development, which encouraged United Nations regional commissions to mobilize expertise and existing mechanisms on thematic issues.

Today, ESCAP is looking to strengthen its role as a major regional platform for FFD dialogue and knowledge exchange, a recognized think tank on regional FFD policies, a reliable capacity provider on priority FFD issues, and an enabling facilitator for regional FFD networks and partnerships among stakeholders.