North-South differences over finance for development

Priority issues for developing countries

However, differences revealed themselves as developing countries called for the integration of the Sustainable Development Goals (SDGs) outcome document produced by the Open Working Group on SDGs in order to update and adjust the Monterrey and Doha frameworks, as well as to ensure a forward-looking and relevant tool for financing both the post-2015 development agenda and the SDGs.

Brazil specifically called for the SDG report to be the main basis for mainstreaming sustainable development into the post-2015 development agenda.

India urged that the balanced emphasis on all three dimensions (economic, social, environmental) of the SDGs be maintained, and that caution should be exercised over an excessive emphasis on the environmental pillar and on climate finance in the context of the FfD conference. The G77 and Kenya also supported the above.

Brazil also warned that the universality of the SDGs must not be used as a pretext to ignore the common but differentiated responsibilities (CBDR) of developed and developing countries and their respective capabilities, in particular with respect to adequate levels of official development assistance commitment and financing.

Indeed, the third FfD conference in Addis Ababa should take guidance from Paragraph 247 of the Rio+20 outcome document, which underscores that SDGs are "(...) universally applicable to all countries, while taking into account different national realities, capacities and levels of development and respecting national policies and priorities."

Read full article by Bhumika Muchhala

Source: Social Watch