Below is the first in a series of guest blog posts* from a diverse range of stakeholders and influencers across the global development space. The following has been penned by Aniket Bhushan** a version of which was initially published on the Canadian International Development Platform's website.
What is the Financing for Development or “FfD” agenda?
Global goals and targets, such as the Millennium Development Goals (MDGs) only go so far without a supportive and realistic financing framework. The Financing for Development (FfD) agenda is a menu of broad areas where financial resources are to be mobilized to finance the achievement of ambitious global targets.
The first FfD conference took place in Monterrey, Mexico in 2002, and led to the adoption of the so called ‘Monterrey Consensus‘. The second FfD conference which followed up on the Monterrey Consensus took place in Doha, Qatar in 2008.
The third International Conference on Financing for Development will be held in Addis Ababa, Ethiopia, from 13 to 16 July 2015.