Introduction

Abstract

2016 was the first full year of implementation of the Addis Ababa Action Agenda. This first substantive report of the Inter-agency Task Force on Financing for Development identifies the efforts that have begun at all levels to mobilize resources and align financing flows and policies with sustainable development. Progress can be reported in all seven action areas of the Addis Agenda. Nonetheless, a difficult global environment, sluggish growth and humanitarian crises have impeded individual and collective efforts. Success of the 2030 Agenda for Sustainable Development will rely on changing this trajectory. Rapid implementation of the Addis Agenda—which provides a broad framework for individual actions and cooperation to increase sustainable development investments while protecting the vulnerable—would stimulate global growth and advance the world towards achieving the Sustainable Development Goals (SDGs). It is thus more important than ever.