Third International Conference on Financing for Development

This July, the Third International Conference on Financing for Development was held in Addis Ababa, Ethiopia. At this meeting, local governments defended the localisation of the Post-2015 Agenda, arguing that the battle for sustainable development will be won or lost in cities.

Several parallel sessions were held bringing together experts and representatives of local and regional governments to discuss issues such as the financing of sustainable urban development, the mobility of new resources, the financial architecture for localising development finance, multi-level strategies for implementing the new development agenda and the launching of the Global Observatory on Local Finance, led by the UCLG Committee on Local Finance and Development.

During his speech, Kadir Topbaş, Mayor of Istanbul and President of UCLG, advocated convergence between the various agendas of development, climate change and Habitat III, which all support the pillars of sustainable development: economic sustainability, social sustainability and environmental and cultural sustainability. Moreover, local governments have demanded a mechanism linked to the United Nations General Assembly and the Economic and Social Council (ECOSOC), including representatives of both civil society and local governments.