Minister Sherlock leads Irish delegation at Financing for Development Conference in Ethiopia13 July 2015
The Minister for Development, Trade Promotion, and North South Co-operation, Seán Sherlock, TD, today leads Ireland’s delegation at the Third International Conference on Financing for Development in Addis Ababa, Ethiopia.
The Conference aims to agree on how the new global development agenda to follow the Millennium Development Goals will be financed. It is the first of three key milestones in 2015 that have the potential to deliver an end to extreme poverty and hunger – along with the final negotiations on the Sustainable Development Goals (SDGs) in September and the new agreement on Climate in Paris in December.
Speaking from Ethiopia today, Minister Sherlock said:
“2015 will be a seminal year for global development. If we rise to the challenge, we can deliver sustainable development for our planet and future generations.
“Good progress has been made in the last fifteen years - there are half a billion fewer people who have to live on less than $1.25 a day, child deaths have been reduced by a third, and major progress has been made on hunger, access to clean water, girls’ education, and combating HIV/AIDS – but we must do more.
"Despite the progress, inequality continues to grow, and over 800 million people still suffer from hunger. 8,000 children die every day because of under-nutrition, and we face the biggest refugee crisis since the Second World War.”
The Conference will aim to agree a durable and sustainable financial framework to support the Sustainable Development Goals. This is necessary to ensure success of the post-2015 negotiations in New York in September which Ireland co-chairs with Kenya.
Minister Sherlock said:
“What we want to achieve in Addis Ababa this week is an agreement that is truly ground-breaking. The ambition is to end extreme poverty and hunger by 2030. This will only be possible if we maintain our commitments to the poorest countries, and help developing countries raise their own finance for development. This means ending corruption, helping developing countries build their own systems of taxation, and encouraging the private sector to play its part"
Minister Sherlock will tomorrow (Tuesday 14th) co-host a high-level international meeting along with the Netherlands, Rwanda and the International Fund for Agricultural Development on Investing in Rural People for Inclusive and Sustainable Transformation. The event will look at how to generate stronger public and private investment in smallholder farmers, especially in Africa, as one of the most effective ways to raise income levels on the continent.
13 July 2015
Notes to editors:
· Irish Aid is the Government’s overseas assistance programme. It is managed by the Development Cooperation Division of the Department of Foreign Affairs and Trade.
· The Conference, the third of its kind, will seek to build on the achievements of the Monterrey and Doha Conferences before it.
· The Third Financing for Development Conference, building on the work of its two predecessors, will seek to identify and unlock all the various financing sources, including, but not exclusively, aid, to implement the SDGs.
· It will aim to establish a durable and sustainable financial framework to support the SDGs. An ambitious, clear and comprehensive agreement at Addis is vital, therefore, to ensuring the success of the Post-2015 negotiations in New York in September.