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EU Leads the Charge: Mobilizing Resources for Sustainable Development

Collectively, the European Union has consistently been the world’s largest donor of Official Development Assistance in recent years—€ 58 billion in 2014 alone—a reflection of the EU’s determination to help alleviate poverty globally and promote sustainable development.

In this European Year for Development, the EU is leading the charge to reach an agreement that will mobilize all possible means to finance the post-2015 development agenda.

Neven Mimica, EU Commissioner for International Cooperation and Development, is in Addis Ababa, Ethiopia this week attending the Third International Conference on Financing for Development. The conference is expected to result in an agreement on both financial and non-financial means to support the post-2015 development agenda.

“2015 is a historical year in our struggle against poverty and for sustainable development. The conjunction of three UN conferences—Addis, New York, and Paris—provides us with a once-in-a-lifetime opportunity. To make the most of this opportunity, we need a new global partnership that transforms and strengthens the way in which the international community works together. The European Union will play its part. We will implement the new universal agenda at home. And we will continue to promote sustainable development worldwide in its economic, social, and environmental dimensions, with a particular focus on countries most in need,” said Mimica.

The post-2015 framework will succeed the Millennium Development Goals and integrate the follow-up to the Rio+20 Conference on Sustainable Development, both processes merging into the adoption of the Sustainable Development Goals at the UN General Assembly in New York in September. The aims of the post-2015 agenda are eradicating poverty and ensuring sustainable development in all its dimensions, covering issues that range from access to food, water, energy, health and education, to addressing inequalities, including gender inequality, and the needs of people in vulnerable situations.

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EACC is a member of the Business Sector Steering Committee for Financing for Development. If you have any questions or like to get involved call 212-808-2707.