Follow-Up to the International Conference on Financing for Development

E/RES/2014/11View PDF

Who adopted this document and its mandates?

A Resolution of the Economic and Social Council, under agenda item 9a Follow-up to the International Conference on Financing for Development, published in 2014.

What other versions does this mandate have?

7 versions · 2007–2014

Year	Symbol	Title	Word length	Text similarity
2014	E/RES/2014/11	Follow-up to the International Conference on Financing for Development	1,858	70%Compare
2013	E/RES/2013/44	Follow-up to the International Conference on Financing for Development	1,791	77%Compare
2012	E/RES/2012/31	Follow-up to the International Conference on Financing for Development	1,688	—
2011	E/RES/2011/38	Follow-up to the International Conference on Financing for Development	—	—
2008	E/RES/2008/14	Follow-up to the International Conference on Financing for Development	—	—

What subjects does this mandate have?

2 subjects

Cooperation Between Organizations Development Finance

What’s in this document?

22 operative paragraphs

Reaffirms the importance of staying fully engaged, nationally, regionally and internationally, in ensuring proper and effective follow-up to the implementation of the Monterrey Consensus of the International Conference on Financing for DevelopmentError: Reference source not found as reaffirmed in the Doha Declaration on Financing for Development, adopted by the Follow-up International Conference on Financing for Development to Review the Implementation of the Monterrey Consensus,¹¹ and of continuing unremitting efforts to build bridges between all relevant stakeholders within the holistic agenda of the financing for development process;

¹¹General Assembly resolution 63/239, annex.

Reiterates the role played by the United Nations as a focal point for the financing for development follow-up process and the need to maintain that role to ensure the continuity and dynamism of the process, while reaffirming the need to further intensify the engagement of all stakeholders, including the United Nations system, the World Bank, the International Monetary Fund and the World Trade Organization, in the follow-up to and implementation of the commitments made at Monterrey and Doha;

Welcomes the decision made by the General Assembly, in its resolution 68/204 on the follow-up to the International Conference on Financing for Development, to convene a third international conference on financing for development;

Also welcomes the conclusion of the consultations on the modalities for the third International Conference on Financing for Development;

Reiterates that the Economic and Social Council should continue to strengthen its role in promoting coherence, coordination and cooperation in the implementation of the Monterrey Consensus and the Doha Declaration and as a forum for multi-stakeholder involvement;

Welcomes, in that regard, the ongoing efforts, in accordance with resolution 68/1 and the annex thereto, to strengthen the Council within its mandate under the Charter of the United Nations, as a principal organ 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 to ensure its key role in achieving a balanced integration of the three dimensions of sustainable development;

Looks forward to the reports of the Intergovernmental Committee of Experts on Sustainable Development Financing and of the Open Working Group on Sustainable Development Goals, as mandated in the outcome document of the United Nations Conference on Sustainable Development,Error: Reference source not found as well as the synthesis report of the Secretary-General, as mandated by the General Assembly in its resolution 68/6 of 9 October 2013, which are to serve as important inputs to the preparations for the third International Conference on Financing for Development, the outcome of which should constitute an important contribution to and support the implementation of the post-2015 development agenda;

Emphasizes the need for effective coordination between the preparatory process for the third International Conference on Financing for Development and the preparations for the summit to be held in September 2015 for the adoption of the post-2015 development agenda, in order to promote coherence and to minimize duplication of effort;

Encourages the Financing for Development Office of the Department of Economic and Social Affairs of the Secretariat to continue providing effective secretariat support to the Intergovernmental Committee of Experts on Sustainable Development Financing and to the preparations for the third International Conference on Financing for Development, in cooperation with all relevant stakeholders, in order to ensure a coherent and integrated approach with other related processes;

Emphasizes that the financing for development follow-up process should constitute a continuum of events, each contributing to and feeding into the next, ensuring the holistic nature of the process and making better and more effective use of existing mechanisms and resources;

Welcomes the substantive discussions at the previous High-level Dialogues on Financing for Development of the General Assembly and the special high-level meeting 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 emphasizes that those discussions are an integral and mutually reinforcing part of the financing for development follow-up process, including the preparations for the third International Conference on Financing for Development;

Stresses the need to further improve the dialogue between Member States and representatives of the World Bank, the International Monetary Fund, the World Trade Organization and the United Nations Conference on Trade and Development during the special high-level meeting of the Council, as part of a forum for multi-stakeholder dialogue;

Welcomes the increased interaction and coordination at the staff level with the institutions involved prior to the special high-level meeting of the Council;

Recognizes the efforts of the President of the Economic and Social Council, in consultation with Member States, to continue to work with the appropriate representatives of the World Bank, the International Monetary Fund, the World Trade Organization and the United Nations Conference on Trade and Development to improve the agenda and the format of the special high-level meeting of the Council, considering innovative approaches that are conducive, inter alia, to the high-level participation of those institutions;

Requests the President of the Council, in close consultation with Member States, to continue close cooperation and dialogue with the relevant organizations and stakeholders on all the elements of the preparations for the special high-level meeting of the Council, in particular the date and agenda of the meeting of the following year, in order to seek a more interactive, dynamic and substantive discussion on key issues related to the financing for development framework;

Welcomes the efforts undertaken to give more prominence to the consideration of the agenda item on financing for development during the annual substantive session of the Council, including its coordination and management meetings, and stresses the need to continue to improve those modalities;

Encourages all relevant stakeholders to consider organizing seminars, panel discussions and briefings as part of the preparations for and contribution to the above-mentioned events in order to raise visibility, attract interest and participation and promote substantive discussions on a continuing basis;

Notes the ongoing discussions on innovative mechanisms of financing for development, while reiterating that such voluntary mechanisms should supplement and not be a substitute for traditional sources of financing;

Reiterates the importance of further improving cooperation between the United Nations, the World Bank, the International Monetary Fund and the World Trade Organization in the implementation of the Monterrey Consensus and the Doha Declaration, based on a clear understanding of and respect for their respective mandates and governance structures;

Welcomes, in that regard, the invitation by the Chairman of the joint Development Committee of the World Bank Group and the International Monetary Fund to the President of the Council to participate in the meeting of the Committee, and notes that the participation of the President of the Council in meetings of the intergovernmental bodies of the international organizations, as appropriate, can contribute to the financing for development follow-up process;

Encourages the Department of Economic and Social Affairs, especially the Financing for Development Office, to maintain regular interaction at the staff level with the World Bank Group, the International Monetary Fund, the World Trade Organization and the United Nations Conference on Trade and Development in the interest of greater coherence, coordination and cooperation, each acting in accordance with its respective mandates and governance structures;

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 intergovernmental inclusive process to carry out the financing for development follow-up, including the preparations for the third International Conference on Financing for Development.

E/2014/1/Rev.1, annex II.

Who adopted this document and its mandates?

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