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International Development Finance Requires Ambitious Reforms To Address Urgent Challenges – CPDE


In a statement, CSO Partnership for Development
Effectiveness (CPDE) argued that the intended reforms in
international development finance are not enough to address
today’s pressing challenges.

The global civil
society platform is responding to the First Draft of the
Outcome Document for the 4th Financing for Development
(FfD4) Forum, an annual UN Economic and Social Council
(ECOSOC) intergovernmental process that reviews the Addis
Ababa Action Agenda and other financing for development
outcomes to advance the Sustainable Development Goals
(SDGs).

“The Draft still falls short of being the
transformative document it needs to be, and continues to
reflect an inadequate ambition in the areas of time-bound
commitments, actionable priorities, and substantive
reforms,” the statement read.

CPDE reiterates its
three demands for the FfD4, especially based on how these
were addressed – or not – by the
Draft.

Uphold past commitments, but push the
limits on aid volume:
While CPDE welcomes the
improved language on aid quantity and quality, as well as a
decision to establish a working group for ODA and climate
finance reporting, it continues to advocate for recognising
the cumulative shortfall in the Development Assistance
Committee’s (DAC) commitment, estimated at USD 7.1
trillion, as unmet ODA debt, and ensuring the
differentiation and additionality of humanitarian and
climate finance.

Strengthen the effectiveness
agenda to put countries in the drivers’ seat:
Towards the genuine revitalisation of the
effectiveness agenda, the international community
must uphold the integrity of the
effectiveness principles: country ownership, transparency
and mutual accountability, focus on results, and inclusive
partnerships, and champion a Whole-of-Society approach to
international development cooperation and global
partnerships for development. Revitalisation must also
recognise and support the vital role of civil society at
all levels in ensuring an effective aid
architecture.

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Define decisive mechanisms to
turn commitments to change:
This includes a UN
intergovernmental process towards a legally binding
convention on development cooperation, or, at the minimum, a
commitment among Member States to enhance coherence in
development cooperation to deliver results on poverty and
inequality.

The statement closes with a call to take
decisive action ahead of the Seville Conference: “All
those who still believe in the power of solidarity and
common humanity must buckle up and ensure that we generate
enough steam to bring it back on track, and move the needle
in a way that will deliver significant change.”

CPDE
also recently
urged parties at the (FfD4) third preparatory meetings
to push for breakthroughs in development finance
commitments, and
called for collective action and global solidarity amid the
US aid freeze, to respond to the multiple global
crises.

About CPDE

CSO Partnership for
Development Effectiveness (CPDE) is an open platform that
unites civil society organisations (CSOs) from six regions
and seven major sectors (feminist, indigenous peoples,
international CSOs, labour, migrants, rural, and youth)
around the world on the issues of effective development
cooperation. It participates in the CSO-FfD Mechanism under
the International Development Cooperation Workstream. Check
out csopartnership.org
today to learn more about CPDE’s engagements around
effective development cooperation issues, including
development
finance.

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