A major achievement of 2015 was the adoption of the Addis Ababa Action Agenda, a new global framework for financing sustainable development, which aligns all financing flows and policies with economic, social and environmental priorities. The Addis Agenda builds on the 2002 Monterrey Consensus and 2008 Doha Declaration and provides a strong foundation to support the implementation of the 2030 Agenda for Sustainable Development. It includes agreements and policy recommendations in seven main areas: (i) domestic public resources; (ii) domestic and international private business and finance; (iii) international development cooperation; (iv) international trade as an engine for development; (v) debt and debt sustainability; (vi) addressing systemic issues; and (vii) science, technology, innovation and capacity-building. The concluding section deals with data, monitoring and follow-up. The Addis Agenda also establishes a dedicated and strengthened follow-up and review process for the financing for development outcomes, as well as all the means of implementation of the 2030 Agenda for Sustainable Development.
The Financing for Development Office supports the financing for development follow-up and review process, while working with Member States, major institutional stakeholders, other relevant organizations, civil society and the business sector. In addition, the office closely follows economic and financial policy developments in other international fora to support policy coherence at the global level.