History of Financing for Development

3rdInternational Conference on Financing for Development: Addis Ababa Action Agenda (2015) 

The Scope of the Third International Conference on Financing for Development was set out in General Assemblyaddis resolutions68/204and68/279, and focused on: 

  1. assessing the progress made in the implementation of the Monterrey Consensus and the Doha Declaration andidentifying obstacles and constraints in achieving the goals and objectives, as well as actions and initiatives to overcome these constraints; 
  1. addressing new and emerging issues, including in the context of the recent multilateral efforts to promote international development cooperation

 

Read: Addis Ababa Action Agenda of FFD3, 2015 

For more information, visit the FFD3 Homepage 

 


Follow-up International Conference on Financing for Development to Review the Implementation of the Monterrey Consensus (2008) 

At the Financing for Development Conference in Doha in December 2008, Member States reaffirmed thedoha Monterrey Consensus and adopted, by consensus, the Doha Declaration on Financing for Development.  

Co-ordinated and coherent action in responding to the crisis as well as in formulating national development strategies that adequately reflect the interests of developing countries will be important. An essential part of a stable and equitable system will require the reform of all international economic institutions and standard setting bodies to ensure adequate representation of least developed countries. 

Read: Doha Declaration on Financing for Development, 2008 

 

 

 

 


International Conference on Financing for Development (2002) 

The International Conference on Financing for Development (Monterrey, Mexico, 18-22 March 2022) signaled a monterreyturning point in the approach to development cooperation by the international community. It was the first United Nations-sponsored summit-level meeting to address key financial and related issues pertaining to global development. More than 50 Heads of State and Government and over 200 ministers of foreign affairs, trade, development and finance— the largest ever participation of finance officials at a United Nations-sponsored event- gathered in Monterrey. The Conference succeeded in placing financing for development firmly on the global agenda. 

The outcome of the Conference reflected a landmark global agreement between developed and developing countries, in which both recognized their responsibilities in key areas such as trade, aid, debt relief and institution building. 

Read: Monterrey Consensus of the International Conference on Financing for Development, 2002