Analysis by J Nastranis
NEW YORK (IDN) – The Group of 77 and China, representing 134 members from developing countries, has expressed “disappointment” at the outcome document emerging from the three-day United Nations Economic and Social Council (ECOSOC) Forum on Financing for Development Follow-up – FfD Forum – at UN Headquarters in New York.
Underlining the importance of the Forum, G77 and China Chair Virachai Plasai, Ambassador and Permanent Representative of Thailand, explained that the developing countries’ fates “still heavily depend on how to meet the financing gap in order to achieve the goal to end poverty and hunger, as well as Sustainable Development Goals in its three dimensions”.
However, the FfD Forum is not only essential to developing countries but also to the overall global community since it takes stock of the implementation of Addis Ababa Action Agenda (AAAA), which is an integral part of the 2030 Agenda for Sustainable Development and supports as well as complements the latter with concrete policies and actions.