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ADDIS ABABA, Ethiopia – A U.N. conference has agreed to reform global finance to spur development and to channel funds to fight global poverty.
The agreement reached in Ethiopia late Wednesday by the third International Financing for Development conference to finance development projects is to be adopted by world leaders in September.
The conference agreed on 17 Sustainable Development Goals including ending hunger and poverty, gender equality and improving education.
But some aid groups say they are disappointed over the failure of the conference to create a U.N. global tax body.
ActionAid said that developing countries lose billions of dollars a year to tax dodging and are not being given an equal say in fixing unjust global tax rules. It said the lost money could be used by governments to provide basic services.