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RightingFinance releases human rights response on Financing for Development document

In July 2015, governments will meet in Addis Ababa for the Third Financing for Development Conference. This conference will assess progress in implementation of the Monterrey Consensus, adopted in 2002, and the Doha Declaration, adopted in 2008, and will be the first of three important meetings this year that lay out the development agenda for the next 15 years.

RightingFinance prepared a human rights assessment of the “zero draft” for negotiations. The “zero draft” is the initial draft released by the co-facilitators of the conference, prepared on the basis of consultations they have been holding for several months with governments, international institutions, civil society and private sector.

The human rights response to the document provides assessment of its contents on domestic public finance, private finance, international public finance, international trade, debt and systemic issues.

While welcoming some of the references in the document to, for instance, human rights and gender equality, the assessment expresses concern that the core chapters, without significant work, “will frustrate the high expectations set for reaching such worthy objectives.”

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