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Monterrey Consensus

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246: 113:). The two key messages included in the document were a strong commitment by developed countries to maintain their Official Development Assistance (ODA) targets irrespective of the current financial crisis, and a decision to hold a UN Conference at the highest level on the impact of the current financial and economic crisis on development. 92:(0.18% of its gross domestic product in 2008), is still well below the 0.7% target, which it endorsed in the Consensus. It is much lower than some other developed countries, especially those in Northern Europe. The United Kingdom, for example, reached its target of giving at least 0.7% of GNI in official aid in 2014. 58:(WTO), prominent business and civil society leaders and other stakeholders. New development aid commitments from the United States and the European Union and other countries were made at the conference. Countries also reached agreements on other issues, including debt relief, fighting corruption, and policy coherence. 162:
In their statements, Member States took stock of the progress made in the implementation of the Monterrey Consensus, identified obstacles and constraints encountered and put forward ideas and proposals to overcome these difficulties. Many statements focused on the consequences of the global financial
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The Conference was preceded by a high-level retreat on the global financial crisis, hosted on 28 November by the Secretary-General of the United Nations and the Emir of Qatar. The retreat was attended by some 30 Heads of State or Government and ministers from both developed and developing countries,
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Six interactive multi-stakeholder round tables were held concurrently with the plenary meetings, centering on the six thematic areas of the Monterey Consensus. Each round table was co-chaired by two Heads of State or Government and ministers from developing and developed countries and moderated by a
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The press noted that few leaders of Western countries attended the meeting. The meeting was also marked by the absence of the heads of the Bretton Woods institutions (World Bank and IMF). The United States aid chief still thought the meeting was worthwhile, and welcomed the outcome. Other, such as
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The Follow-up International Conference on Financing for Development to Review the Implementation of the Monterrey Consensus (Doha, Qatar, 28 November – 2 December 2008) was attended by some 40 Heads of State or Government, 9 Deputy Heads of State or Government, 50 ministers and 17 vice-ministers of
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Panelists included HRH Princess Maxima of the Netherlands; S-G’s Special Envoys for the Conference, Mr. Trevor Manuel, South African Finance Minister and Ms. Heidemarie Weiczorek-Zeul, German Minister for Development Cooperation. Following presentations by panelists, interactive discussions took
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The Conference was chaired by the Emir of Qatar and included seven plenary meetings. A total of 133 Governments made statements to the plenary. The Secretary-General of the United Nations, the President of the General Assembly, the Director-General of WTO, the Secretary-General of UNCTAD and the
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A Global Forum of Civil Society was held from 26 to 27 November on the theme “Investing in people-centered development” and attracted participation of more than 250 civil society organizations and networks. In addition, an International Business Forum, held on 28 November focused on mobilizing
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as well as high-level representatives of the major institutional stakeholders. The retreat was meant to serve as a “bridge” between the discussions on the financial crisis that had taken place among smaller groups of countries and the wider membership of the United Nations.
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More than 50 side events took place at the Conference site. In the spirit of Monterrey, the organizers were Governments, inter-governmental and non-governmental organizations and the business sector. The issues of inclusive and
122:: the importance of national ownership of development strategies and of an inclusive financial sector, as well as the need for strong policies on good governance, accountability, gender equality and human development. 163:
crisis for development and the need for bold and urgent measures to address them. Much attention was also devoted to the food and energy crises and to the untapped potential of innovative sources of finance.
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Over fifty Heads of State and two hundred Ministers of Finance, Foreign Affairs, Development and Trade participated in the event. Governments were joined by the Heads of the United Nations, the
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Amb. Oscar de Rojas, a former Venezuelan diplomat and Director of the U.N.'s Financing for Development Office, served as Executive Secretary of both the Doha and Monterrey conferences.
150:: the need to review existing global economic governance arrangements, with a view to comprehensive reforms of the international financial system and institutions. 205:
for development featured prominently in several side events. High-level speakers included: HRH Princess Maxima of the Netherlands, the President of Tanzania.
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Addressing systemic issues: enhancing the coherence and consistency of the international monetary, financial and trading systems in support of development.
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foreign affairs, finance, development cooperation and trade, as well as other high-level officials of 170 States and major institutional stakeholders.
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Following intense intergovernmental negotiations, the Conference concluded with the adoption of the Doha Declaration on Financing for Development (
417: 618: 128:: the need to improve the enabling environment and to expand the reach of private flows to a greater number of developing countries. 476: 346: 179:
place among representatives of Member States, inter-governmental organizations, UN agencies, civil society and the business sector.
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The Third International Conference on Financing for Development was held in Addis Ababa from 13 to 16 July 2015. It adopted the
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private sector resources for development and was attended by more than 200 participants from the private sector.
89: 446: 380: 404: 257: 47: 425: 576: 329: 134:: the importance of concluding the Doha round of multilateral trade negotiations as soon as possible. 72:
Mobilizing international resources for development: foreign direct investment and other private flows.
633: 282: 62: 110: 55: 623: 560:"Countries reach historic agreement to generate financing for new sustainable development agenda" 628: 209: 140:: the need to strengthen crisis prevention mechanisms and to consider enhanced approaches for 88:
Some critics suggest that the US has ignored the Monterrey Consensus because the amount of US
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The Monterrey Consensus was updated at Doha, Qatar in 2008, and again at Addis Ababa in 2015.
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Administrator and Director of U.S. Foreign Assistance (press release). Archived from
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Since its adoption the Monterrey Consensus has become the major reference point for
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Follow up process to the International Conference on Financing for Development
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Increasing international financial and technical cooperation for development.
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cooperation. The document embraces six areas of Financing for Development:
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http://www.un.org/ga/search/view_doc.asp?symbol=A/CONF.212/7&Lang=E
276: 51: 477:"United States Welcomes Adoption of Doha Conference Outcome Statement" 35:. It was adopted by Heads of State and Government on 22 March 2002. 28: 235: 534: 421: 227: 111:
http://www.un.org/esa/ffd/doha/documents/Doha_Declaration_FFD.pdf
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high-level official of the major institutional stakeholders.
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http://www.un.org/esa/desa/desaNews/v13n01/global.html#Doha
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Mobilizing domestic financial resources for development.
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was the outcome of the 2002 Monterrey Conference, the
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International Conference on Financing for Development
418:"Western leaders stay away from UN Doha aid meeting" 277:
2015 - Third international Conference in Addis Ababa
116:Other main highlights of the Doha Declaration are: 447:"US aid chief denies UN Doha meet a waste of time" 126:Mobilizing international resources for development 75:International Trade as an engine for development. 595: 132:International trade as an engine for development 588:United Nations Non-Governmental Liaison Service 221:Press and NGO reactions to the Doha Conference 590:Civil society engagement in follow up process 582:UN Department of Economic and Social Affairs 159:Administrator of UNDP spoke at the opening. 216:http://www.un.org/esa/ffd/doha/index.htm 96:2008 follow-up Conference in Doha, Qatar 475:Fore, Henrietta H. (December 2, 2008). 596: 415: 504: 367: 474: 240: 416:Abocar, Amran (November 28, 2008). 13: 310:United Nations Millennium Campaign 14: 660: 619:United Nations development policy 570: 537:. 2 December 2008. Archived from 41: 370:"A Simple Pan to Save the World" 295:Development Assistance Committee 244: 649:2015 in international relations 644:2008 in international relations 639:2002 in international relations 552: 505:Ninan, Ann (December 4, 2008). 236:http://www.un.org/esa/ffd/doha/ 90:official development assistance 523: 507:"Why Doha meeting failed test" 498: 468: 439: 409: 397: 361: 339: 322: 120:Domestic resource mobilization 1: 315: 7: 609:Economic development policy 368:Sachs, Jeffrey (May 2004). 288: 48:International Monetary Fund 10: 665: 148:Addressing systemic issues 604:International development 283:Addis Ababa Action Agenda 63:international development 614:United Nations documents 56:World Trade Organization 577:The Monterrey Consensus 230:network criticised it. 214:For more information: 511:Business Daily Africa 386:on September 14, 2006 183:Pre-conference events 487:on December 10, 2008 457:). November 29, 2008 305:Washington Consensus 234:Conference website: 203:innovative financing 428:on February 1, 2013 18:Monterrey Consensus 541:on 7 December 2008 256:. You can help by 142:debt restructuring 562:. United Nations. 300:Aid effectiveness 274: 273: 656: 634:2015 in Ethiopia 564: 563: 556: 550: 549: 547: 546: 527: 521: 520: 518: 517: 502: 496: 495: 493: 492: 472: 466: 465: 463: 462: 443: 437: 436: 434: 433: 424:. Archived from 413: 407: 401: 395: 394: 392: 391: 385: 379:. Archived from 374: 365: 359: 358: 353:. Archived from 343: 337: 336: 334: 326: 269: 266: 248: 241: 154:Plenary meetings 105:Doha Declaration 664: 663: 659: 658: 657: 655: 654: 653: 594: 593: 573: 568: 567: 558: 557: 553: 544: 542: 529: 528: 524: 515: 513: 503: 499: 490: 488: 473: 469: 460: 458: 445: 444: 440: 431: 429: 414: 410: 402: 398: 389: 387: 383: 372: 366: 362: 345: 344: 340: 332: 328: 327: 323: 318: 291: 279: 270: 264: 261: 254:needs expansion 98: 44: 12: 11: 5: 662: 652: 651: 646: 641: 636: 631: 626: 624:2002 in Mexico 621: 616: 611: 606: 592: 591: 585: 579: 572: 571:External links 569: 566: 565: 551: 522: 497: 467: 438: 408: 396: 360: 357:on 2009-06-11. 351:stats.oecd.org 347:"ODA by Donor" 338: 320: 319: 317: 314: 313: 312: 307: 302: 297: 290: 287: 278: 275: 272: 271: 251: 249: 239: 238: 97: 94: 86: 85: 82: 81:External Debt. 79: 76: 73: 70: 43: 42:2002 Consensus 40: 22:United Nations 9: 6: 4: 3: 2: 661: 650: 647: 645: 642: 640: 637: 635: 632: 630: 629:2008 in Qatar 627: 625: 622: 620: 617: 615: 612: 610: 607: 605: 602: 601: 599: 589: 586: 583: 580: 578: 575: 574: 561: 555: 540: 536: 532: 526: 512: 508: 501: 486: 482: 478: 471: 456: 452: 448: 442: 427: 423: 419: 412: 406: 400: 382: 378: 371: 364: 356: 352: 348: 342: 331: 325: 321: 311: 308: 306: 303: 301: 298: 296: 293: 292: 286: 284: 268: 265:December 2008 259: 255: 252:This section 250: 247: 243: 242: 237: 233: 232: 231: 229: 223: 222: 218: 217: 212: 211: 206: 204: 198: 197: 193: 189: 185: 184: 180: 176: 172: 171: 167: 164: 160: 156: 155: 151: 149: 145: 143: 139: 138:External debt 135: 133: 129: 127: 123: 121: 117: 114: 112: 107: 106: 102: 93: 91: 83: 80: 77: 74: 71: 68: 67: 66: 64: 59: 57: 53: 49: 39: 36: 34: 30: 26: 23: 19: 554: 543:. Retrieved 539:the original 525: 514:. Retrieved 500: 489:. Retrieved 485:the original 470: 459:. Retrieved 441: 430:. Retrieved 426:the original 411: 399: 388:. Retrieved 381:the original 363: 355:the original 350: 341: 324: 280: 262: 258:adding to it 253: 224: 220: 219: 213: 207: 199: 195: 194: 190: 186: 182: 181: 177: 173: 170:Round tables 169: 168: 165: 161: 157: 153: 152: 147: 146: 144:mechanisms. 137: 136: 131: 130: 125: 124: 119: 118: 115: 108: 104: 103: 99: 87: 60: 45: 37: 24: 17: 15: 196:Side events 50:(IMF), the 598:Categories 545:2008-12-09 516:2008-12-09 491:2008-12-09 461:2008-12-09 432:2008-12-09 390:2008-12-09 316:References 52:World Bank 29:Monterrey 330:"Events" 289:See also 285:(AAAA). 208:Source: 54:and the 535:Eurodad 422:Reuters 377:Esquire 228:Eurodad 33:Mexico 481:USAID 451:Yahoo 384:(PDF) 373:(PDF) 333:(PDF) 27:. in 403:See 226:the 16:The 455:AFP 260:. 600:: 533:. 509:. 479:. 449:. 420:. 375:. 349:. 31:, 548:. 519:. 494:. 464:. 453:( 435:. 393:. 335:. 267:) 263:(

Index

United Nations
Monterrey
Mexico
International Monetary Fund
World Bank
World Trade Organization
international development
official development assistance
http://www.un.org/esa/ffd/doha/documents/Doha_Declaration_FFD.pdf
debt restructuring
innovative financing
http://www.un.org/esa/desa/desaNews/v13n01/global.html#Doha
http://www.un.org/esa/ffd/doha/index.htm
Eurodad
http://www.un.org/esa/ffd/doha/

adding to it
Addis Ababa Action Agenda
Development Assistance Committee
Aid effectiveness
Washington Consensus
United Nations Millennium Campaign
"Events"
"ODA by Donor"
the original
"A Simple Pan to Save the World"
Esquire
the original
http://www.un.org/ga/search/view_doc.asp?symbol=A/CONF.212/7&Lang=E
"Western leaders stay away from UN Doha aid meeting"

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