In 2016, the first full year of implementation of the Addis Ababa Action Agenda, efforts have begun at all levels to mobilize resources and align financing flows and policies with economic, social and environmental priorities. Progress can be reported in all seven action areas of the Addis Agenda. Nonetheless, a difficult global environment has impeded individual and collective efforts, and many implementation gaps remain.
This progress report by the Inter-agency Task Force on Financing for Development (TFSD) covers the challenging global environment in 2016 that had significant impacts on national efforts to implement the Addis Agenda. This includes not only economic factors, such as challenging macroeconomic conditions, low commodity prices, slow trade growth, and volatile capital flows, but also humanitarian crises. On a more positive outlook, the Task Force's analysis shows countries are taking actions on policy commitments across the Addis Agenda, and have started to bring them together into coherent implementation frameworks sharing that developing these financing frameworks is a central challenge for countries as they embark on implementing both the Addis Agenda and the 2030 Agenda for Sustainable Development.