G20’s contribution in financing the SDGs : How can G20 build an effective alignment with the 2030 Agenda and Addis Ababa Action Agenda (AAAA)?

Abstract

The Addis Ababa Action Agenda has been seen as a set of comprehensive and concrete measures to address problems of financing for sustainable development. However the question regarding how the measures are really implementable concretely remains subjects of debate. This paper analyzes G20’s potential role in financing the SDGs in more effective and concrete approach. It suggests that, having its strength as a collaboration of advanced and emerging economies, G20 has potential role to bring the rhetoric of the new financing framework into practice. The G20’s alignment with the Addis Ababa Action is possible by developing coherence between G20’s priority agenda and 2030 Agenda. However, this paper reminds that the shift of the G20’s mandate from a simply Crisis Committee to an exclusive club with a bigger responsibility is necessary. While compatibility between the G20’s agenda and the AAAA is already evident, there is yet obvious different objective between the G20 agenda and AAAA. The shift will enable the G20 leaders to agree on the G20’s own action plan for supporting the implementation of the AAAA.