august 2024, comparing ‘chapter 1: sustainable development and financing for development’ of Rev.3 to Rev.2
Lead author: Ishaan Shah
The Zero Draft of the Pact for the Future was released on January 26th, 2024, marking the start of formal negotiations in preparation for the Summit of the Future (SOTF) scheduled for September 2024. A chapter-by-chapter first reading in early February led to a compilation text, followed by a paragraph-by-paragraph second reading from late February through April. A revised compilation text was then circulated on April 3rd, 2024. To align with the Membership’s goal of making the Pact for the Future more concise and action-oriented, Rev.1 was issued on May 14th. The second revision, Rev.2, was subsequently released on July 17th, 2024, followed by the third revision Rev-3 on August 27th, 2024. This bulletin will focus on ‘Chapter 1: Sustainable development and financing for development’, comparing Rev-2 and Rev-3 to provide detailed insights.
Chapter 1 of Rev.3 features more explicit reference to developing countries, including African Countries, least developed countries, landlocked developing countries, small island developing States, as well as those with specific challenges, including Middle Income Countries and countries in conflict and post conflict
situations. There is also stronger language on social protection systems, ending malnutrition, innovative finance mechanisms and partnerships, energy, women’s equal rights to economic resources, adaptation finance, and the role of the High Level Political Forum (HLPF). However, the Chapter has been heavily caveated, and there has been the deletion of language on disaster risk-informed approaches, and tax avoidance.
Get the latest updates on the negotiations of Chapter 1 in the following ICH bulletin.
related resources
Rev.3 of the Pact for the Future
Rev. 2 of the Pact for the Future
Rev. 1 of the Pact for the Future
Compilation text (as of 3 April 2024)
Zero draft of the Pact for the Future
Letter from the co-facilitators (dated 4 April 2024)