In September 2015, the Member States of the United Nations approved a new global development framework, the 2030 Agenda for Sustainable Development, built around 17 Sustainable Development Goals, covering economic, social and environmental issues. The Addis Ababa Action Agenda (Addis Agenda) adopted in July 2015 which is an integral part of the 2030 Agenda. It provides a global framework for financing for development and sets a new paradigm for achieving the Sustainable Development Goals through effective use of all financial flows as well as non-financial means of implementation, emphasising domestic action and sound policies. In June 2017, the EU adopted a new policy framework, the new European Consensus on Development, which builds upon the 2030 Agenda and the Addis Agenda. The new Consensus provides the framework for a common approach to development policy for EU institutions and the Member States. The new European Consensus puts particular focus on policy areas and means of implementation where the potential for meaningful change is greatest. This report reviews progress made by the European Union and Member States on the Addis Agenda within the framework set by the new European Consensus on Development. It covers progress between 2015 and 2017. EU institutions and Member States have swiftly started implementing the Addis Agenda in the context of the overall 2030 Agenda and are pursuing their efforts to meet their commitments. If current efforts are kept up, the EU should be able to meet most of its Financing for Development commitments by 2030.
Source: EEAS