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Opening the third drafting session for the outcome document for the Third International Conference on Financing for Development (FfD3), UN General Assembly President Sam Kutesa noted negotiations have reached a critical and decisive stage, and called for consensus on an ambitious outcome. Wu Hongbo, UN Under-Secretary-General for Economic and Social Affairs, called for a holistic financing framework for sustainable development that will contribute to the success of the UN Summit to adopt the post-2015 development agenda, and the 2015 Paris Climate Change Conference.
Ambassador George Talbot, Permanent Representative of Guyana to the UN and FfD3 Co-Facilitator, emphasized the need to conclude negotiations on the outcome document this week, and noted increasing openness of delegations to compromise. Ambassador Geir Pedersen, Permanent Representative of Norway to the UN and FfD3 Co-Facilitator, echoed the importance of concluding by the end of the week, saying it was necessary to mobilize political support, and for additional commitments to be announced at FfD3.
The Group of 77 and China (G-77/China), European Union (EU), Community of Latin American and Caribbean States (CELAC), Landlocked Developing Countries (LLDCs), Least Developed Countries (LDCs), the US and Ethiopia made opening statements, listing their priorities for FfD3.
Co-Facilitator Talbot then informed delegates that “informal informals” would take place during the week to resolve difficult issues, and Mexico, Switzerland and Egypt were asked to convene discussions on follow-up; the UK and Chad on international public finance; and France and Brazil on technology. Talbot noted that tax was an outstanding issue that still required informal discussions.
Member States moved on to negotiate on the basis of the draft outcome document containing “bridging proposals” from the Co-Facilitators, which were incorporated into the text. Through the day, delegates considered the bridging proposals in Section I, on a global framework for financing (sustainable) development; and parts of Section II, on the Action Agenda, including the sub-sections on domestic public resources, and domestic and international private business and finance.
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» FFD3-DS3
