ENB: Summary of the Second Drafting Session of the Outcome Document of the Third International Conference on Financing for Development

The second drafting session of the outcome document of the third International Conference on Financing for Development (FfD3) took place at UN Headquarters, New York, from 13-17 April 2015. Throughout the week, delegates commented on a zero draft of the outcome document, the Addis Ababa Accord, circulated by Co-Facilitators George Talbot, Permanent Representative of Guyana, and Geir Pedersen, Permanent Representative of Norway.

 

Section I of the zero draft focused on a global framework for financing sustainable development, and mobilizing the means to implement the post-2015 development agenda. Section II, on the Addis Ababa Action Agenda, included eight sub-sections: domestic public finance; domestic and international private business and finance; international public finance; international trade for sustainable development; debt and debt sustainability; systemic issues; technology, innovation and capacity building; and data, monitoring and follow-up.

 

The organizational arrangements of the drafting session were discussed several times during the week, with the Group of 77 and China (G-77/China) calling for a line-by-line intergovernmental negotiation to commence, with the text projected on a screen to capture comments and changes. The G-77/China was not in favor of having the Co-Facilitators prepare a revised draft based on general comments at this session. However, other Member States and Groups supported a general discussion on the zero draft at this session, followed by a revised draft. As a compromise, the text was projected on a screen while delegates made comments.

 

A reading of the entire zero draft was carried out over the course of the week on this basis. Going forward, it was agreed that a document compiling all the comments submitted would be prepared, in addition to a revised draft prepared by the Co-Facilitators. 

 

For more Information, please kindly download the below Report from 

Earth Negotiations Bulletin (ENB)

Volume 23 Number 08 | Monday, 20 April 2015

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