Innovative Mechanisms of Financing for Development

A/RES/65/146View 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 2010.

Which reports were submitted under this mandate?

1 report · 2011

Year	Symbol	Title		Mandate resolution
2011	A/66/334	Innovative mechanisms of financing for development report of the Secretary-General		A/RES/65/146

What subjects does this mandate have?

6 subjects

Developed Countries Developing Countries Development Assistance Development Finance Least Developed Countries Resources Mobilization

What’s in this document?

8 operative paragraphs

Reaffirms the Monterrey Consensus of the International Conference on Financing for DevelopmentError: Reference source not found and 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 ConsensusError: Reference source not found in their entirety, their integrity and their holistic approach, and recognizes that the mobilization of financial resources for development and the effective use of 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 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;

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;

Also stresses that innovative mechanisms of financing can make a positive contribution in assisting developing countries in mobilizing additional resources for development on a stable, predictable and voluntary basis;

Reiterates that such voluntary mechanisms should be effective, should aim to mobilize resources that are stable and predictable, should supplement and not be a substitute for traditional sources of financing, should be disbursed in accordance with the priorities of developing countries and should not unduly burden such countries;

Highlights the considerable progress in innovative sources of financing for development achieved to date, and stresses the importance of scaling up present initiatives and developing new mechanisms, as appropriate;

Decides to convene at its sixty-sixth session a separate meeting of the Second Committee under 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” to consider the question of innovative mechanisms of financing for development;

Requests the Secretary-General to submit to the General Assembly at its sixty-sixth session a report examining the contribution and the potential of innovative mechanisms of financing for development in respect of achieving the internationally agreed development goals, including the Millennium Development Goals, as well as their effectiveness and their implications, taking into account that such mechanisms should be voluntary in nature and should not unduly burden developing countries.

Who adopted this document and its mandates?

Which reports were submitted under this mandate?

What subjects does this mandate have?

What’s in this document?

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