A/CONF.198/11
United Nations
Report of the International
Conference on Financing for
Development
Monterrey, Mexico, 18-22 March 2002

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Report of the International Conference on
Financing for Development
Monterrey, Mexico, 18-22 March 2002
United Nations • New York, 2002

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Note
Symbols of United Nations documents are composed of capital letters
combined with figures.
The designations employed and the presentation of the material in this
publication do not imply the expression of any opinion whatsoever on the part of the
Secretariat of the United Nations concerning the legal status of any country,
territory, city or area or of its authorities, or concerning the delimitation of its
frontiers.
A/CONF.198/11
United Nations publication
Sales No. E.02.II.A.7
ISBN 92-1-104516-9

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Contents
Chapter
Page
I. Resolutions adopted by the Conference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
1.
Monterrey Consensus of the International Conference on Financing for Development . . .
1
2.
Expression of thanks to the people and Government of Mexico . . . . . . . . . . . . . . . . . . . . .
17
3.
Credentials of representatives to the International Conference on Financing for
Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18
II. Attendance and organization of work . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19
A. Date and place of the Conference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19
B. Attendance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19
C. Opening of the Conference and election of the President of the Conference and
Co-Presidents of the high-level and ministerial segments . . . . . . . . . . . . . . . . . . . . . . . . . .
23
D. Adoption of the rules of procedure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23
E. Adoption of the agenda and other organizational matters . . . . . . . . . . . . . . . . . . . . . . . . . . .
23
F. Accreditation of intergovernmental organizations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24
G. Accreditation of non-governmental organizations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24
H. Election of officers other than the President . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25
I.
Organization of work, including the establishment of [the Main Committee,] the high-
level officials segment, the ministerial segment and the summit segment . . . . . . . . . . . . .
25
J.
Credentials of representatives to the Conference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
26
III. Report of the high-level officials segment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27
A. General exchange of views . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27
B. Consideration of the draft Monterrey Consensus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27
C. Reports on activities by relevant stakeholders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27
IV. Report of the ministerial segment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28
A. General exchange of views . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28
B. Report of business and civil society forums . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28
C. Consideration of the draft Monterrey Consensus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
29
D. Ministerial round tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
29
V. Report of the summit segment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
55
A. General exchange of views . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
55
iii

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B. Consideration of the draft Monterrey Consensus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
58
C. Summit round tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
58
VI. Adoption of the Monterrey Consensus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
73
VII. Report of the Credentials Committee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
74
VIII. Adoption of the report of the Conference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
76
IX. Closure of the Conference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
77
Annexes
I.
List of documents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
78
II.
Opening statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
79
III.
Parallel and associated activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
92
A.
Non-Governmental Organizations Forum . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
92
B.
International Business Forum . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
93
C.
Parliamentarians Forum . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
93
iv

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A/CONF.198/11
Chapter I Resolutions adopted by the Conference
Resolution 1*
Monterrey Consensus of the International Conference on
Financing for Development
The International Conference on Financing for Development,
Having met in Monterrey, Mexico, from 18 to 22 March 2002,
1.
Adopts the Monterrey Consensus of the International Conference on
Financing for Development, which is annexed to the present resolution;
2.
Recommends to the General Assembly that it endorse the Monterrey
Consensus as adopted by the Conference.
Annex
Monterrey Consensus of the International Conference on
Financing for Development
Contents
Chapter
Paragraphs
Page
I. Confronting the challenges of financing for development: a global response . . . . .
1–9
2
II. Leading actions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10–67
3
A. Mobilizing domestic financial resources for development . . . . . . . . . . . . . . . .
10–19
3
B. Mobilizing international resources for development: foreign direct
investment and other private flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20–25
5
C. International trade as an engine for development . . . . . . . . . . . . . . . . . . . . . . . .
26–38
7
D. Increasing international financial and technical cooperation for development
39–46
9
E. External debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
47–51
11
F. Addressing systemic issues: enhancing the coherence and consistency of the
international monetary, financial and trading systems in support of
development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
52–67
12
III. Staying engaged. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
68–73
15
* Adopted at the 5th plenary meeting, on 22 March 2002; for the discussion, see chap. VI.
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A/CONF.198/11
I. Confronting the challenges of financing for development:
a global response
1.
We the heads of State and Government, gathered in Monterrey, Mexico, on 21
and 22 March 2002, have resolved to address the challenges of financing for
development around the world, particularly in developing countries. Our goal is to
eradicate poverty, achieve sustained economic growth and promote sustainable
development as we advance to a fully inclusive and equitable global economic
system.
2.
We note with concern current estimates of dramatic shortfalls in resources
required to achieve the internationally agreed development goals, including those
contained in the United Nations Millennium Declaration.1
3.
Mobilizing and increasing the effective use of financial resources and
achieving the national and international economic conditions needed to fulfil
internationally agreed development goals, including those contained in the
Millennium Declaration, to eliminate poverty, improve social conditions and raise
living standards, and protect our environment, will be our first step to ensuring that
the twenty-first century becomes the century of development for all.
4.
Achieving the internationally agreed development goals, including those
contained in the Millennium Declaration, demands a new partnership between
developed and developing countries. We commit ourselves to sound policies, good
governance at all levels and the rule of law. We also commit ourselves to mobilizing
domestic resources, attracting international flows, promoting international trade as
an engine for development, increasing international financial and technical
cooperation for development, sustainable debt financing and external debt relief, and
enhancing the coherence and consistency of the international monetary, financial
and trading systems.
5.
The terrorist attacks on 11 September 2001 exacerbated the global economic
slowdown, further reducing growth rates. It has now become all the more urgent to
enhance collaboration among all stakeholders to promote sustained economic
growth and to address the long-term challenges of financing for development. Our
resolve to act together is stronger than ever.
6.
Each country has primary responsibility for its own economic and social
development, and the role of national policies and development strategies cannot be
overemphasized. At the same time, domestic economies are now interwoven with
the global economic system and, inter alia, the effective use of trade and investment
opportunities can help countries to fight poverty. National development efforts need
to be supported by an enabling international economic environment. We encourage
and support development frameworks initiated at the regional level, such as the New
Partnership for Africa’s Development and similar efforts in other regions.
7.
Globalization offers opportunities and challenges. The developing countries
and countries with economies in transition face special difficulties in responding to
those challenges and opportunities. Globalization should be fully inclusive and
equitable, and there is a strong need for policies and measures at the national and
international levels, formulated and implemented with the full and effective
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1 General Assembly resolution 55/2.
2

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Document Outline

• Resolutions adopted
• Monterrey Consensus
• List of documents

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