Third International Conference on Financing for Development opens in Addis Ababa

Tigrai Online, July 13, 2015

The United Nations Secretary General Ban Ki-moon speeks with the Ethiopian Prime Minister Hailemariam Desalegn while the UN boss was in Addis for the third International Conference on Financing for Development.

The Third International Conference on Financing for Development opened today July 13, 2015 in the beautiful capital city of Ethiopia, Addis Ababa.

The conference brought the most powerful people in the world. The total number of participants is 5,000, but this number does not include media, security, and the entourage that comes with Heads of State and Governments. Sixteen heads of state and government, 66 government ministers, Ministers of Finance, Foreign Affairs and Development Cooperation, Non-governmental organizations, World Bank and IMF representatives and other institutional stakeholders are taking part in the conference.

The four day summit will be assessing the progress made in the implementation of the Monterrey Consensus and the Doha Declaration.

The conference organizer body of the UN said the third summit is tasked on “identifying obstacles and constraints encountered in the achievement of the goals and objectives agreed therein, as well as actions and initiatives to overcome these constraints, which will look into a draft outcome document that will form the basis of a post-2015 discussion to be held in New York in September.

The United Nations Secretary General Ban Ki-moon is greeted by Ethiopian Prime Minister Hailemariam Desalegn at the opening of the third International Conference on Financing for Development in Addis Ababa

“You have recognized that in a world in which both the global population and resource constraints are growing, development finance needs a reboot,” The United Nations Secretary-General Ban Ki-moon said at the opening in Addis Ababa, Ethiopia.

“Let us put aside what divides us and overcome narrow self-interest in favor of working together for the common well-being of humanity, Let us build on our shared vision of a sustainable world free from poverty and deliver a transformative outcome here in Addis.” Secretary-General Ban Ki-moon added.

Ethiopian Prime Minister Hailemariam Desalegn presided over the opening of the Third International Conference on Financing for Development.  Ethiopia’s foreign minister Dr. Tedros Adhanom was elected as chairman of a main committee that will discuss the outcome document over the course of the four-day conference.

The city of Addis Ababa will be benefiting from such huge international summits in many ways. The direct and indirect financial and other economic benefit is significant to the city’s hotels, restaurants, transportation and tourism industry.

That is the main reason our arch enemies are barking louder than ever because they see events of this magnitude are about to take place in Ethiopia. These jealous enemies are trying to muddy the golden and shining achievements of our country by creating loud noises, but the world does not even see them because they are so insignificant and small in many ways.

Ethiopia was chosen to host Third International Conference on Financing for Development, because of its growing political and economical power. God bless Ethiopia and its people.