Financing for Development: The Path to Sustainability

Action2015DigitalCard-sliderToday, representatives gathered for a session of the Third International Conference on Financing for Development, where they revised the latest draft of the Outcome Document. They discussed a multitude of issues, including Intellectual Property Rights (IPR), the use and transfer of technologies, research and development of vaccines, and capacity development.

Although representatives united in their desire to make progress on these issues, they debated the language of the document for most of the meeting. Debates emerged in particular over the scope and theme of technology in the document, as well as the goal of the document in the context of the post-2015 development agenda. The representative of the G77 was vocal throughout the session, discussing the need for policies and frameworks that are conducive to aiding developing countries. He emphasized the importance of increasing scholarships and improving tertiary education systems in developing countries, as well as sharing and transferring environment technologies. In addition, he noted a desire that these proposals be separate from the post-2015 development agenda, which he stated should have its own implementation.

Representatives from the United States of America, European Union, and Australia were all opposed to including the diffusion or transfer of technologies in the document. Many representatives also wanted to change or strengthen language in the document regarding the IPR regime and policies on education. A number of representatives sought for these proposals to serve as implementation for the post-development agenda.

Meeting: Third International Conference on Financing for Development: Meeting of the plenary on Financing for Development
Date & Location: 3 June 2015, 14-30-18:00, Conference Room 2, UN Headquarters, New York
Speakers: Representative of the European Union; Representative of G77; Representative of United States of America; Representative of Japan; Representative of Australia, Representative of Canada; Representative of Mexico; Representative of Gambia, Representative of Iceland; Representative of Israel
Written By WIT Representative: Laurence Hochman
Edited By WIT Representative: Parth Shingala

One thought on “Financing for Development: The Path to Sustainability

  1. Pingback: Financing for Development: The Path to Sustainability | World Information Transfer | WORLD ORGANIC NEWS

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