Africa Union Inputs for an Elements Paper on Financing for Development

As the world prepares for FfD4 in 2025, it is imperative that the global community come together to formulate a unified and stronger vision for mobilizing the adequate financial resources needed to achieve the UN Sustainable Development Goals as well as support the achievement of the African Union Agenda 2063. Building on the foundations of the 2015 Addis Ababa Action Agenda, which established a comprehensive framework for financing sustainable development, the FfD 4 outcome document should recognize the unique and complex challenges faced by African countries and call for enhanced international support to address issues such as domestic resource mobilization, external debt challenges, and cost effective access to international financial markets in order to promote inclusive growth and sustainable development in Africa.

Sustainable Development Goals Village, State Of SDG Implementation | Peoples Dialogue Festival 2024

The SDG Village served as a focal point for high-level discussions on sustainable development, addressing a wide array of topics critical to attaining the SDGs. These included collaborative democracy for sustainable development, county engagements on SDGs, financing strategies with a gender perspective, and the nexus between human rights and SDG realisation. Additionally, the role of various stakeholders, such as parliamentarians, innovation startups, and media, in combating climate change and supporting climate innovation was explored. Discussions also revolved around accelerating gender equality and women’s economic empowerment, assessing progress on specific SDGs, and identifying policy and legal barriers to their achievement. Political parties’ involvement in localising SDGs was another significant area of focus.