The United Nations in Global Economic Governance

A/RES/67/289View PDF

Who adopted this document and its mandates?

A Resolution of the General Assembly, under agenda item 118b Central role of the United Nations System in global governance, published in 2012.

What other versions does this mandate have?

2 versions · 2013–2017

This is an older version — the most recent is A/RES/71/327

Year	Symbol	Title	Word length	Text similarity
2017	A/RES/71/327	The United Nations in global economic governance	1,328	45%Compare
2013	A/RES/67/289	The United Nations in global economic governance	1,875	–

Which reports were submitted under this mandate?

2 reports · 2016–2018

Year	Symbol	Title		Mandate resolution
2018	A/73/356	The United Nations in global economic governance report of the Secretary-General		A/RES/71/327
2016	A/71/378	The United Nations in global economic governance report of the Secretary-General		A/RES/67/289

What subjects does this mandate have?

7 subjects

Development Policy Economic Policy Globalization Governance Intergovernmental Organizations International Monetary System Multilateral Trade Negotiations

What’s in this document?

21 operative paragraphs

Takes note with appreciation of the report of the Secretary-General on global economic governance and development;³

³A/67/769.

Reiterates the need for inclusive, transparent and effective multilateral approaches to managing global challenges, and in this regard reaffirms the central role of the United Nations system in ongoing efforts to find common solutions to such challenges;

Recognizes the important role of the United Nations in providing an intergovernmental forum, including through international conferences and summits, for universal dialogue and consensus on global challenges, with the participation of relevant stakeholders, including from the private sector, civil society and academia;

Reaffirms the central position of the General Assembly as the chief deliberative, policymaking and representative organ of the United Nations, as well as the role of the Assembly in global matters of concern to the international community, as set out in the Charter of the United Nations;

Also reaffirms that the Economic and Social Council is a principal body for policy review, policy dialogue and recommendations on issues of economic and social development and for the follow-up to the Millennium Development Goals and a central mechanism for the coordination of the United Nations system by strengthening system-wide coherence and as a principal body in the integrated and coordinated follow-up of the outcomes of all major United Nations conferences and summits in the economic, social, environmental and related fields, and stresses the importance of the substantive discussions of the special high-level meetings of the Council with the World Bank, the International Monetary Fund, the World Trade Organization and the United Nations Conference on Trade and Development and of the participation of civil society, the private sector and other relevant stakeholders;

Stresses, in this context, the positive contribution to more effective global economic governance of the ongoing processes of revitalization of the General Assembly and strengthening of the Economic and Social Council;

Reaffirms the value of multilateralism to the global trading system and the commitment to achieving a universal, rules-based, open, non-discriminatory and equitable multilateral trading system that contributes to growth, sustainable development and employment generation in all sectors, and emphasizes that bilateral and regional trading arrangements should contribute and be complementary to the goals of the multilateral trading system;

Expresses serious concern at the lack of progress in the Doha Round of World Trade Organization negotiations, reiterates the call for the necessary flexibility and political will in order to break the current impasse in the negotiations, and in this regard calls for a balanced, ambitious, comprehensive and development-oriented outcome of the Doha Development Agenda multilateral trade negotiations, in keeping with the development mandate of the Doha Round Ministerial Declaration,⁴ the decision of 1 August 2004 of the General Council of the World Trade Organization and the Hong Kong Ministerial Declaration adopted by the World Trade Organization in 2005;

⁴See A/C.2/56/7, annex.

Recognizes the need to continue to enhance the coherence and consistency of the international monetary, financial and trading systems and the importance of ensuring their openness, fairness and inclusiveness as complements to national development efforts to ensure sustained, inclusive and equitable economic growth and the achievement of the internationally agreed 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, encourages in this regard continued open, inclusive and transparent dialogue, and notes the important efforts undertaken nationally, regionally and internationally to respond to the challenges posed by the financial and economic crisis;

Reaffirms the importance of broadening and strengthening the participation of developing countries in international economic decision-making and norm-setting, notes in this regard the important steps taken on the reform of the governance structures, quotas and voting rights of the Bretton Woods institutions, which go in the direction of better reflecting current realities and enhancing the voice, the participation and the voting rights of developing countries, and recognizes the importance of continuing such reform processes in an ambitious and expeditious manner in order to deliver more effective, credible, accountable and legitimate institutions;

Recognizes the importance and benefits of continuing interaction among the United Nations, in particular the General Assembly and the Economic and Social Council, and international and regional forums, organizations and groups dealing with global matters of concern to the international community, as appropriate, and underlines in this context the importance of flexible and regular interaction between the United Nations and intergovernmental groupings that make policy recommendations or take policy decisions with global implications, including the Group of 20;

Welcomes the practice of informal engagement between the United Nations and intergovernmental groupings that make policy recommendations or take policy decisions with global implications, including the Group of 20, through informal briefings organized at the initiative of the President of the General Assembly, and in this regard invites the President to continue this practice by inviting appropriate representatives to an interactive dialogue with the membership of the Assembly in order to ensure continuity in their engagement, with a view to promoting transparency and coherence as well as strengthening mutual understanding and cooperation in matters of global economic governance;

Recognizes the importance of the interaction between the Secretary-General and the States members of the General Assembly regarding the participation of the Secretary-General in summits of intergovernmental groupings that make policy recommendations or take policy decisions with global implications, including the summits of the Group of 20, and invites the President of the General Assembly to continue organizing informal meetings for that purpose;

Reaffirms the role of the United Nations in the promotion of international cooperation for development, and in this regard recognizes the role of the General Assembly and of the Economic and Social Council;

Recognizes that, in order to complement national development efforts, there is an urgent need to enhance the coherence, governance and consistency of the international monetary, financial and trading systems, and in this regard underlines the importance of continuing to improve global economic governance and of strengthening the United Nations leadership role in promoting development;

Reaffirms the need to better incorporate regional and subregional organizations and arrangements into the framework of global governance, and to that end recognizes the importance of regional and subregional integration processes for economic governance and development, in pursuit of the purposes and principles of the United Nations, especially as such purposes and principles can effectively be pursued through regional and subregional action;

Recognizes the importance and benefits of a continuing interaction among the United Nations and regional and subregional organizations and arrangements dealing with global matters of concern to the international community, and encourages the United Nations system, and in particular the regional commissions, to support and cooperate with such regional and subregional processes in their efforts to promote sustainable development;

Decides to include in the provisional agenda of its seventy-first session, under the item entitled “Strengthening of the United Nations system”, the sub-item entitled “Central role of the United Nations system in global governance”;

Requests the Secretary-General to submit to the General Assembly at its seventy-first session a report on the implementation of the present resolution, exploring options and ideas for continuing interaction between the United Nations and intergovernmental groupings, to be prepared in consultation with Member States and relevant organizations of the United Nations system, taking into account the post-2015 development agenda and the follow-up processes to all major United Nations conferences and summits in the economic, social and related fields, as appropriate;

Invites the President of the General Assembly and the President of the Economic and Social Council to consider jointly organizing informal thematic debates on the subject of the present resolution, inviting the regional commissions, international financial and trade institutions and the Financial Stability Board, as well as representatives of civil society, academia, the private sector and other stakeholders, to contribute to such deliberations, as appropriate.

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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