Second drafting session for the Addis Ababa Conference on Financing for Development (FfD3) – days 3 & 4
Saturday, April 18, 2015 at 9:17AM (based on reports by IIED)
Sections of the zero draft on international public finance; international trade for sustainable development; and debt and debt sustainability were considered on Wednesday 15 April.
Overseas development assistance (ODA)
Developing countries urged retaining the Monterrey Consensus section title of “Increasing international financial and technical cooperation for development” on international public finance, instead of “International public finance”, as it indicated the need to scale up finance. They called for scaling up official development assistance (ODA) to 1% of Gross National Income. Others opposed specific targets and timetables, focusing on ODA quality. The EU and others called on all countries to contribute to international public finance commensurate with their respective capabilities, in a transparent manner...
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