When the three-day conference on Financing for Development
begins on Jul. 13 in Addis Ababa, the competitors in this year’s Tour de France will have reached the mountains. They will have already experienced a few spills and will still have many kilometres to go.
In the run-up to the international Conference on Financing for Development from Jul. 13 to 16 in Addis Ababa, Ethiopia, the European Union has called for a “true paradigm shift” in global development cooperation.
Development aid flows were stable in 2014, after hitting an all-time high in 2013, but aid to the poorest countries continued to fall, according to new figures
released on Apr. 8 by the OECD Development Assistance Committee (DAC).
Public funds are vitally important to achieving the Sustainable Development Goals (SDGs), making corporate tax avoidance trends a pressing issue for post-2015 Financing for Development discussions.
The continued widespread economic recession - aggravated by the recent Ebola outbreak in West Africa - is threatening to undermine the U.N.'s highly-touted post-2015 development agenda.
The new European Commission looks more like an experiment in balancing opposite forces than an institution that is run by some kind of governance. It will probably end up being paralysed by internal conflicts, which is the last thing it needs.