The global development financing framework has shifted in emphasis since the 2002 Monterrey Consensus in three ways. First, the Addis Ababa Action Agenda (AAAA) of the Third Conference on Financing for Development moves away from a more balanced sharing of responsibilities between developed and developing countries in the international financial architecture. Second, the document reflects a clear endorsement of the private sector as a privileged development actor. Third, the AAAA takes an instrumentalist view of women’s human rights. As a result, the Conference failed to remove global obstacles to development and to provide the structural conditions and means to move toward sustainable and equitable development patterns and the full realization of human rights, particularly women’s rights. However, the AAAA offers possibilities for continued engagement through the establishment of an FfD follow-up mechanism as a space to redefine the balance of power and negotiate proposals to overcome the regressive trends and reshape the agenda.