The European Business Council for Africa

Date: 7 June 2022, 15:00-16:30 (CEST)


Progress Report 2018 - 2020

The European Commission has launched the Investing in Sustainable Development Report at the Financing for Development Forum 2022. The report documents how the EU, its Member States and European development financial institutions have been supporting partner countries in financing their sustainable development priorities.

Financing the Sustainable Development Goals (SDGs) and the Paris Agreement objectives requires massive public and private investment to make them a reality for all people, everywhere. The COVID-19 pandemic has had a dramatic socio-economic impact on all countries, exacerbating financing needs and decreasing the level of resources available. It is necessary to unlock the full potential of all financial flows – private and public, domestic and international.

The 2015 Addis Ababa Action Agenda sets out a vision of how development financing should support the SDGs through effective use of all financial flows, as well as non-financial means of implementation. It also serves as a guide for action in a number of areas, such as domestic public resources, debt and debt sustainability, international development cooperation, private business and finance for countries to take domestic actions.

The Investing in Sustainable Development Report, published in April 2022, monitors progress on the Addis Ababa Action Agenda and other commitments that the EU, its Member States and European development financial institutions have collectively achieved to support partner countries in financing their sustainable development priorities.

The report examines the impact that COVID-19 has had on financing for sustainable development and provides an analysis of the EU and its Member States' performance between 2018 and 2020.

The InfoPoint session aims to present the main findings of the report and the session will be the opportunity to share insights and discussions on the Financing for Development Agenda and how the EU and its Member States can support partner countries in their sustainable development goals in a new era. With the Union's new Global Gateway strategy, the EU has set up a plan for investment in sustainable infrastructure development to ensure a green, digital, just and resilient recovery from the pandemic. The Union is also stepping up efforts to support partner countries' efforts to scale up sustainable finance.


  • Antti Karhunen
    Director INTPA E - Sustainable Finance
  • Elise Hadman
    Deputy Head of Unit INTPA E3- Sustainable Finance Policy
  • Stefano Migliorisi
    Lead consultant, Tech4Dev BV


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