The 0.7 % group
International bodies – including the European Union and the United Nations – want to harmonise or even combine the two processes. The United Nations will be hosting a special event to highlight the efforts that have been made to attain the MDGs and to discuss how to accelerate progress through to 2015. Development actors should then be able to see how to integrate the commitments of the Rio+20 conference into the post-2015 strategy. The aim is to transform this development strategy into a multidimensional and universal strategy capable of combatting global disparities and supporting the sustainable development of the planet.
An agreement was reached in Rio for putting in place an intergovernmental process aimed at developing a sustainable development financing strategy by 2014. The Rio+20 document further encourages the setting up of innovative financing. The idea is to use ODA as a catalyst and to generate more funds through a leverage effect.