Addis Ababa, Ethiopia, 14-16 February 2017
The international community has recognized the damaging effects of corruption on economic and social development in the 2030 Agenda for Sustainable Development. Target 16.4 of Sustainable Development Goal (SDG) 16 requires States by 2030, to significantly reduce illicit financial and arms flows, strengthen the recovery andreturn of stolen assets and combat all forms of organized crime. The Addis Ababa Action Agenda encourages the international community to develop good practices on asset return. Chapter V of the United Nations Convention against. Corruption (UNCAC) establishes the recovery and return of the proceeds of corruption as a “fundamental principle” of the Convention and stipulates that States parties shall afford one another the widest measure of cooperation and assistance in that regard.
In order to link the two agendas and constituencies, the meeting brought together asset recovery experts and development practitioners from around the world to explore the different approaches which have been applied by countries in the management of recovered assets and to examine how returned assets could be utilized to achieve the SDGs and the Addis Agenda.