Follow-Up to the International Conference on Financing for Development

A/RES/65/145View PDF

Who adopted this document and its mandates?

A Resolution of the General Assembly, under agenda item 19 Follow-up to and implementation of the outcome of the 2002 International Conference on Financing for Development and the 2008 Review Conference, published in 2011.

What other versions does this mandate have?

6 versions · 2011–2016

This is an older version — the most recent is A/RES/70/192

Year	Symbol	Title	Word length	Text similarity
2016	A/RES/70/192	Follow-up to the International Conference on Financing for Development	1,012	30%Compare
2015	A/RES/69/208	Follow-up to the International Conference on Financing for Development	450	7%Compare
2014	A/RES/68/204	Follow-up to the International Conference on Financing for Development	4,374	58%Compare
2013	A/RES/67/199	Follow-up to the International Conference on Financing for Development	3,239	70%Compare
2012	A/RES/66/191	Follow-up to the International Conference on Financing for Development	2,842	47%Compare

Which reports were submitted under this mandate?

11 reports · 2011–2023

Year	Symbol	Title	Mandate resolution
2023	E/2023/48	Trends and progress in international development cooperation report of the Secretary-General	A/RES/70/192
2023	E/2025/8	Trends and progress in international development cooperation report of the Secretary-General	A/RES/70/192
2020	E/2020/10	Trends and progress in international development cooperation report of the Secretary-General	A/RES/70/192
2018	E/2018/55	Trends and progress in international development cooperation report of the Secretary-General	A/RES/70/192
2016	A/71/311	Follow-up to the International Conferences on Financing for Development report of the Secretary-General	A/RES/70/192

What’s in this document?

38 operative paragraphs

Reaffirms the Monterrey Consensus of the International Conference on Financing for Development¹⁰ in its entirety, its integrity and its holistic approach, and recalls the resolve to take concrete action to implement the Monterrey Consensus and to address the challenges of financing for development in the spirit of global partnership and solidarity in support of the achievement of the internationally agreed development goals, including the Millennium Development Goals;

¹⁰Report of the International Conference on Financing for Development, Monterrey, Mexico, 18–22 March 2002 (United Nations publication, Sales No. E.02.II.A.7), chap. I, resolution 1, annex.

Also reaffirms that each country must take primary responsibility for its own development and that the role of national policies and development strategies cannot be overemphasized for the achievement of sustainable development, and recognizes that national efforts should be complemented by supportive global programmes, measures and policies aimed at expanding the development opportunities of developing countries, while taking into account national conditions and ensuring respect for national ownership, strategies and sovereignty;

Expresses deep concern about the ongoing adverse impacts of the global financial and economic crisis on development, including on the capacity of developing countries to mobilize resources for development, recognizes that, while global growth is returning, there is a need to sustain the recovery, which is fragile and uneven, and acknowledges that an effective response to the impacts of the crisis requires timely implementation of all development commitments, including existing aid commitments;

Recalls the importance of the overall commitment to just and democratic societies for development as spelled out in the Monterrey Consensus;

Reaffirms its determination to advance and strengthen the global partnership for development as the centrepiece of cooperation in the years ahead, as reaffirmed in the United Nations Millennium Declaration,¹¹ the Monterrey Consensus, the Plan of Implementation of the World Summit on Sustainable Development (“Johannesburg Plan of Implementation”),¹² the 2005 World Summit Outcome,Error: Reference source not found the Doha Declaration on Financing for Development: outcome document of the Follow-up International Conference on Financing for Development to Review the Implementation of the Monterrey Consensus¹³ and the outcome document of the High-level Plenary Meeting of the General Assembly on the Millennium Development Goals, entitled “Keeping the promise: united to achieve the Millennium Development Goals”;Error: Reference source not found

¹¹See resolution 55/2.

¹²Report of the World Summit on Sustainable Development, Johannesburg, South Africa, 26 August–4 September 2002 (United Nations publication, Sales No. E.03.II.A.1 and corrigendum), chap. I, resolution 2, annex.

¹³Resolution 63/239, annex.

Recognizes that the mobilization of financial resources for development and the effective use of all those resources are central to the global partnership for development, including in support of the achievement of the internationally agreed development goals, including the Millennium Development Goals;

Also recognizes that the mobilization of domestic and international resources and an enabling domestic and international environment are key drivers for development;

Reaffirms the importance of the implementation of the commitment to sound policies, good governance at all levels and the rule of law;

Recognizes that a dynamic, inclusive, well-functioning and socially responsible private sector is a valuable instrument for generating economic growth and reducing poverty, emphasizes the need to pursue, at the national level and in a manner consistent with national laws, appropriate policy and regulatory frameworks through which to encourage public and private initiatives, including at the local level, and to foster a dynamic and well-functioning business sector, while improving income growth and distribution, raising productivity, empowering women and protecting labour rights and the environment, and reiterates the importance of ensuring that the benefits of growth reach all people by empowering individuals and communities;

Emphasizes that the financial and economic crisis has demonstrated the need for more effective government involvement so as to ensure an appropriate balance between the market and the public interest, and recognizes the need to better regulate financial markets;

Reiterates the importance of investment in human capital, inter alia, in health and education, through inclusive social policies, in accordance with national strategies and priorities;

Recalls that the ongoing fight against corruption at all levels is a priority, reaffirms the need to take urgent and decisive steps to continue to combat corruption in all its manifestations in order to reduce obstacles to effective resource mobilization and allocation and to prevent the diversion of resources away from activities that are vital for development, recalls that this requires strong institutions at all levels, including, in particular, effective legal and judicial systems, and enhanced transparency, recognizes the efforts and achievements of developing countries in this regard, notes the increased commitment of States that have already ratified or acceded to the United Nations Convention against Corruption,¹⁴ and in this regard urges all States that have not yet done so to consider ratifying or acceding to the Convention;

¹⁴United Nations, Treaty Series, vol. 2349, No. 42146.

Also recalls the resolve of Member States to enhance and strengthen domestic resource mobilization and fiscal space, including, where appropriate, through modernized tax systems, more efficient tax collection, the broadening of the tax base and the effective combating of tax evasion and capital flight, and reiterates that, while each country is responsible for its tax system, it is important to support national efforts in these areas by strengthening technical assistance and enhancing international cooperation and participation in addressing international tax matters;

Reaffirms the importance of implementing measures to curtail illicit financial flows at all levels, enhancing disclosure practices and promoting transparency in financial information, and in this regard notes that strengthening national and multinational efforts to address this issue is crucial, including through support and technical assistance to developing countries to enhance their capacities;

Notes that foreign direct investment is a major source of financing for development, and in this regard calls upon developed countries to continue to devise source-country measures to encourage and facilitate the flow of foreign direct investment, inter alia, through the provision of export credits and other lending instruments, risk guarantees and business development services; calls upon developing countries and countries with economies in transition to continue their efforts to create a domestic environment conducive to attracting investments by, inter alia, achieving a transparent, stable and predictable investment climate with proper contract enforcement and respect for property rights; and stresses the importance of enhancing efforts to mobilize investment from all sources in human resources and physical, environmental, institutional and social infrastructure;

Reaffirms that international trade is an engine for development and sustained economic growth, and also reaffirms the critical role that a universal, rules-based, open, non-discriminatory and equitable multilateral trading system, as well as meaningful trade liberalization, can play in stimulating economic growth and development worldwide, thereby benefiting all countries at all stages of development;

Emphasizes the need to resist protectionist tendencies and to rectify any trade-distorting measures already taken that are inconsistent with World Trade Organization rules, recognizing the right of countries, in particular developing countries, to fully utilize their flexibilities consistent with their World Trade Organization commitments and obligations, and that the early and successful conclusion of the Doha Round with a balanced, ambitious, comprehensive and development-oriented outcome would provide much-needed impetus to international trade and contribute to economic growth and development;

Stresses the essential role that official development assistance plays in complementing, leveraging and sustaining financing for development in developing countries and in facilitating the achievement of development objectives, including the internationally agreed development goals, in particular the Millennium Development Goals, reiterates that official development assistance can play a catalytic role in assisting developing countries in removing constraints on sustained, inclusive and equitable growth by, inter alia, enhancing social, institutional and physical infrastructure, promoting foreign direct investment, trade and technological innovations, improving health and education, fostering gender equality, preserving the environment and eradicating poverty, and welcomes steps to improve the effectiveness and quality of aid based on the fundamental principles of national ownership, alignment, harmonization, managing for results and mutual accountability;

Underlines the fact that the fulfilment of all official development assistance commitments is crucial, including the commitments by many developed countries to achieve the target of 0.7 per cent of gross national product for official development assistance to developing countries by 2015 and to reach a level of at least 0.5 per cent of gross national product for official development assistance by 2010, as well as a target of 0.15 per cent to 0.20 per cent of gross national product for official development assistance to least developed countries, and urges developed countries that have not yet done so to fulfil their commitments for official development assistance to developing countries;

Reaffirms that the United Nations funds, programmes and regional commissions, and the specialized agencies of the United Nations system, in accordance with their respective mandates, have an important role to play in advancing development and protecting development gains, in accordance with national strategies and priorities, including progress towards achieving the Millennium Development Goals, and reaffirms its determination to continue to take steps for a strong, well-coordinated, coherent, effective and efficient United Nations system in support of the Goals;

Considers that innovative mechanisms of financing can make a positive contribution in assisting developing countries in mobilizing additional resources for financing for development on a voluntary basis and that such financing should supplement and not be a substitute for traditional sources of financing, and, while recognizing the considerable progress in innovative sources of financing for development, calls for the scaling-up of current initiatives, where appropriate;

Welcomes the ongoing efforts to strengthen and support South-South cooperation and triangular cooperation, stresses that South-South cooperation is not a substitute for, but rather a complement to, North-South cooperation, and calls for the effective implementation of the Nairobi outcome document of the High-level United Nations Conference on South-South Cooperation, held in Nairobi from 1 to 3 December 2009;¹⁵

¹⁵Resolution 64/222, annex.

Emphasizes the great importance of a timely, effective, comprehensive and durable solution to the debt problems of developing countries, since debt financing and relief can be an important source of capital for economic growth and development, and also emphasizes that creditors and debtors must share responsibility for preventing unsustainable debt situations;

Also emphasizes that debt sustainability is essential for underpinning growth, and underlines the importance of debt sustainability and effective debt management for efforts to achieve national development goals, including the Millennium Development Goals;

Stresses that the financial and economic crisis has highlighted the need for reform as well as added new impetus to ongoing international discussions on the reform of the international financial system and architecture, including on issues related to mandate, scope, governance, responsiveness and development orientation, as appropriate, and in this regard encourages continued open, inclusive and transparent dialogue;

Notes the important efforts undertaken nationally, regionally and internationally to respond to the challenges posed by the financial and economic crisis, in order to ensure a full return to growth with quality jobs, to reform and strengthen financial systems and to create strong, sustainable and balanced global growth;

Calls for increased efforts at all levels to enhance policy coherence for development, and affirms that the achievement of the Millennium Development Goals requires mutually supportive and integrated policies for sustainable development;

Recognizes that recent special drawing rights allocations helped to increase global liquidity in response to the global financial and economic crisis;

Reaffirms the need to continue to broaden and strengthen the participation of developing countries in international economic decision-making and norm-setting, takes note of recent important decisions on the reform of the governance structures, quotas and voting rights of the Bretton Woods institutions, better reflecting current realities and enhancing the voice and participation of developing countries, and reaffirms the need to continue the reform of the governance of those institutions in order to deliver more effective, credible, accountable and legitimate institutions;

Recalls the provisions of its resolution 64/193 and of Economic and Social Council resolutions 2009/30 and 2010/26, relevant to the financing for development follow-up process, and in this regard:

Notes with appreciation the efforts already undertaken to strengthen the financing for development follow-up process;

Acknowledges that the modalities of the financing for development follow-up process should be reviewed, as appropriate, within a time frame to be determined by the General Assembly;

Requests the Secretary-General to submit in August 2012 a report providing elements for an assessment of the existing modalities of the financing for development follow-up process and, on this basis, exploring detailed options regarding possible arrangements for strengthening the process, following his report entitled “Follow-up to and implementation of the Monterrey Consensus and the Doha Declaration on Financing for Development”Error: Reference source not found and his note entitled “Coherence, coordination and cooperation in the context of the implementation of the Monterrey Consensus and the Doha Declaration on Financing for Development”,¹⁶ taking into account the views and proposals of Member States and all relevant stakeholders and the need to ensure the coherence of United Nations processes in the field of financing for development;

¹⁶E/2009/48.

Also recalls the decision to consider the need to hold a follow-up conference on financing for development by 2013, as appropriate;

Decides to hold its fifth High-level Dialogue on Financing for Development on 7 and 8 December 2011 at United Nations Headquarters, and requests the Secretary-General to prepare a note on the organization of work of that event, based on the organizational modalities of the fourth High-level Dialogue, to be submitted to the General Assembly before the end of its sixty-fifth session;

Invites the regional commissions to provide inputs for and to actively participate in the fifth High-level Dialogue, to be held in 2011, and in this context calls upon the regional commissions, with the support of regional development banks and other relevant entities, to hold regional consultations, as appropriate, as part of their inputs to the High-level Dialogue;

Reiterates its appeal to Member States and other potential donors to consider contributing generously to the Trust Fund for the Follow-up to the International Conference on Financing for Development, which would facilitate the implementation of a strengthened and more effective and inclusive intergovernmental process to carry out the financing for development follow-up;

Decides to include in the provisional agenda of its sixty-sixth session the item entitled “Follow-up to and implementation of the outcome of the 2002 International Conference on Financing for Development and the 2008 Review Conference”, and requests the Secretary-General to submit, under that item, an annual analytical assessment of the status of implementation of the Monterrey Consensus and the Doha Declaration on Financing for Development and of the present resolution, to be prepared in full collaboration with the major institutional stakeholders.

Follow-Up to the International Conference on Financing for Development

Who adopted this document and its mandates?

What other versions does this mandate have?

Which reports were submitted under this mandate?

What subjects does this mandate have?

What’s in this document?

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