The Third International Financing for Development Conference was meant to figure out development priorities for the next 15 years and, more importantly, how to pay for them. But the talks were difficult and the final agreement reached in Addis Ababa fell short of what developing countries were hoping for.
Most importantly, the agreement doesn’t contain any significant reforms of the global tax system, which was a major goal for both the G77 and civil society organisations ahead of the conference. While this is a setback, there are still positives to be drawn from the document, as the same players will head to New York in September for the negotiations on the Sustainable Development Goals.
This week’s View on Africa posed the question: Is development finance better off? ISS senior research consultant, Simon Allison said no - and here's why.
What to watch
The tax issue is now on the global agenda, and civil society hopes that this will create normative pressure to effect change in the future.
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