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Coherence in the work of the Inter-agency Task Force on Financing for Development and the Forum on FfD Follow-up

The Inter-Agency Task Force on Financing for Development was convened by the Secretary-General to follow up on the Addis Ababa Action Agenda in January 2016. Over 50 United Nations agencies, programmes and offices, regional economic commissions and other relevant international institutions, such as the OECD and FSB, joined the Task Force as members. The very nature of the Inter-agency Task Force on Financing for Development can serve to further increase collaboration between international institutions. Task Force members have asked for the Task Force to serve as a platform for greater inter-agency cooperation. The Addis Agenda included a number of requests for further analytical work by the international system. The Task Force provides space for international organisations to coordinate their work on these and other related work streams and to explore policy options for Member States. In 2016 the Task Force held meetings on measures of official support for sustainable development, illicit financial flows, financing social protection floors, and public-private partnerships (PPPs). Each meeting involved at least 10 member agencies of the Task Force, as well as input from external experts. Work has also commenced on additional areas, such as aligning capital market incentives with sustainable development. The summaries from the meetings are being used as input for the Task Force’s report. 

The Economic and Social Council’s (ECOSOC) special high-level meeting with the IMF, World Bank, UNCTAD and the World Trade Organization, now being incorporated into the ECOSOC Forum on Financing for Development Follow-up, is a platform for strengthening international coherence. The FfD Forum constitutes the centrepiece of a dedicated and strengthened FfD follow-up process, as mandated in the Addis Ababa Action Agenda. The inaugural Forum, held from 18 to 20 April 2016, brought together a large number of high-level participants, including 17 ministers and vice-ministers, as well as many high-level government officials in the areas of finance, foreign affairs and development cooperation. There was also strong representation from civil society organizations and the private sector. The forum provided a platform for substantive deliberations on the three chapters of the Addis Ababa Action Agenda, namely (1) a global framework for financing development post-2015, (2) seven action areas, and (3) data, monitoring and follow-up.  The forum resulted in intergovernmentally agreed conclusions and recommendations, which emphasized the work of the Interagency Task Force on FfD, and which were fed into the overall follow-up and review of the implementation of the 2030 Agenda for Sustainable Development in the 2016 High-level Political Forum on Sustainable Development.