The present report was prepared in response to General Assembly resolution 78/231, entitled “Follow-up to and implementation of the outcomes of the International Conferences on Financing for Development”. The report is focused on emerging challenges and key accelerators for financing for development, with a view to informing discussions on and preparations for the fourth International Conference on Financing for Development, as requested in the resolution. In the report, the main trends affecting financing for development and key questions and challenges that the international conference could address in each of the action areas of the Addis Ababa Action Agenda of the Third International Conference on Financing for Development, are laid out.