LDCs illustration - impact

The Addis Ababa Action Agenda, adopted in July 2015 during the Third International Conference on Financing for Development, presents a comprehensive financing framework aimed at fostering sustainable development and the implementation of the 2030 Agenda. In preparation for the conference in Antalya (Turkey) in May 2016, which provided a mid-term review of the Istanbul Programme of Action for the Least Developed Coun- tries, the United Nations Development Programme (UNDP) and the Agence Française de Développement (AFD - French development agency) asked Tancrède Voituriez, Director of IDDRI’s Governance programme, to co-author their report on this subject.

AFD-UNDP Report 

Financing the SDGs in the Least Developed Countries (LDCs): Diversifying the Financing Tool-box and Managing Vulnerability, Hurley, G., Voituriez, T. (2016). AFD-UNDP.

Download the report [PDF]

This appointment demonstrates the recognition IDDRI has acquired in the field of financing for development among key institutions, to which should be added the Bill & Melinda Gates Foundation for its continued support since 2013.

Fundamentally, this contribution has enabled IDDRI to voice some key messages in the policy debate, especially the fact that public and private financing can play complementary roles. This complementarity could, for example, limit country risks, demonstrate the financial viability of pioneering projects or generate co-benefits, such as supporting the lo- cal private sector, strengthening environmental protection mechanisms or developing countercyclical financing that could become essential due to climate change in the future. Among the various roles played by public funders, meeting the initial costs of certain financial innovations and promoting the exchange of information and knowledge on good practice were those highlighted.

In addition to the conference in Antalya, this report was presented in different international bodies, in particular during a side event of the ministerial segment of the HLPF in July 2016.