The Addis Ababa Action Agenda reaffirms official development assistance (ODA) commitments contained in the Monterrey Consensus and Doha Declaration, highlighting the importance of ODA for the poorest and most vulnerable countries – beyond income-group-based ODA allocation that only considers narrow economic averages.
South-South cooperation is recognized as an increasingly important complement to North-South cooperation in financing for development and is central to the implementation of the 2030 Agenda. Triangular cooperation, on the other hand, is generally understood as partnerships between two or more developing countries, supported by a developed country or multilateral organization.
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The Addis Ababa Action Agenda recognizes the significant potential of multilateral development banks (MDBs) and other international development banks, including in countercyclical lending and providing both concessional and non-concessional stable, long-term development finance.
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Other official flows generally refer to international public finance that does not qualify as concessional lending. It thus includes non-concessional loans, which are particularly important for countries that have graduated to middle income status, but still have difficulties accessing affordable financing from private markets. It also includes instruments that can leverage private finance, such as blended finance.
The Addis Ababa Action Agenda recognizes that the allocation of concessional public finance should take into account a recipient country’s needs and ability to mobilize resources. The Addis Agenda focuses on the special needs of different country groups, particularly LDCs and other vulnerable countries. In addition, the Addis Agenda recognizes the importance of addressing the financing gap that many countries experience when they graduate to middle income country (MICs) status.
The Addis Ababa Action Agenda contains a range of commitments to enhance the quality, impact and effectiveness of international development cooperation.
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The Addis Ababa Action Agenda reaffirms decisions and agreements on climate finance made in the context of the United Nations Framework Convention on Climate Change (UNFCCC). It also calls for transparent methodologies in reporting climate finance. Related commitments on disaster risk and environmental resilience are also covered in a dedicated section on ecosystems.
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The Addis Agenda acknowledges that development finance can contribute to reducing vulnerabilities and enable countries to prevent or combat situations of crisis related to conflict or natural disasters.
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The Addis Ababa Action Agenda welcomes the progress in developing and mobilizing support for innovative sources and mechanisms of additional financing since Monterrey.
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The Addis Ababa Action Agenda emphasizes the importance of international development cooperation and partnerships in the health sector.
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