Financing Sustainable Development

A herder in Tarialan, Uvs Province, Mongolia. The United Nations Development Programme (UNDP) supports community centres for Mongolian herder groups -- many herdsmen now develop their own land-use plans, conservation maps and sustainable practices for water, forest and pasture management. UN Photo/Eskinder Debebe

ECOSOC supports the follow-up to the agreements and commitments reached during the three major international conferences on Financing for Development: in Monterrey, Mexico in 2002; in Doha, Qatar in 2008; and in Addis Ababa, Ethiopia in 2015. This also includes following up on the financing for development-related aspects of the outcomes of major United Nations conferences and summits in the economic and social fields, including the 2030 Agenda and the Sustainable Development Goals (SDGs).

The Addis Ababa Action Agenda created a new Financing for Development Forum under ECOSOC, which is held on an annual basis.  The Forum is an intergovernmental process with universal participation mandated to discuss the follow-up and review of the financing for development outcomes and the means of implementation of the 2030 Agenda. The intergovernmentally agreed conclusions and recommendations of the FfD Forum also feed into the High-level Political Forum on Sustainable Development (HLPF).

Every two years, ECOSOC brings UN Member States together in the Development Cooperation Forum to assess global trends in development cooperation and related commitments, and consider ways to accelerate progress.

The Council also hosted the High-Level meeting of ECOSOC, held each spring with international trade and finance organizations, in part to strengthen partnerships and the sharing of knowledge around financing. Since 2016, the High-Level meetings have been included in the Financing for Development Forum.

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