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UN chief hails outcome of development financing conference as major step forward

Xinhua, July 17, 2015 Adjust font size:

UN Secretary-General Ban Ki- moon on Thursday hailed the outcome of the Third International Conference on Financing for Development as "a major step forward" in building a world of prosperity and dignity for all.

In a statement released by his spokesperson, Ban congratulated the UN member states on the adoption of the Addis Ababa Action Agenda, the far-reaching outcome of the Third International Conference on Financing for Development in Addis Ababa, the capital of Ethiopia.

The Addis Ababa Action Agenda contains more than 100 concrete measures to generate trillions of dollars needed by the world, particularly the Least Developed Countries (LDCs), to achieve sustainable development goals for the next 15 years. It addresses all sources of finance, and covers cooperation on a range of issues including technology, science, innovation, trade and capacity building.

"It revitalizes the global partnership for development, establishes a strong foundation for implementation of the post- 2015 development agenda, and points the way for all stakeholders for smart investments in people and the planet where they are needed, when they are needed and at the scale they are needed," said Ban.

Ban also called on member states to keep ambition high and work to realize the great potential of 2015 to be a year of transformation in leaving no one behind and ensuring lives of dignity for all.

Noting that the conference was the first of three milestones in 2015, Ban said member states need to work even harder for a successful summit in September in New York on sustainable development and a meaningful agreement on climate change scheduled to be held in Paris, France, in December.

The year 2015 marks the 70th anniversary of the United Nations and is considered to be a critical year for global action. The UN is going to adopt at the September's summit a post-2015 development agenda, which will include a new generation of development goals -- Sustainable Development Goals (SDGs) -- and will guide the development of the international community over the next 15 years. Endite