History of the Financing for Development Process
3rd International 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 Assembly
resolutions 68/204 and 68/279, and focused on:
- assessing the progress made in the implementation of the Monterrey Consensus and the Doha Declaration and identifying obstacles and constraints encountered in the achievement of the goals and objectives agreed therein, as well as actions and initiatives to overcome these constraints;
- addressing new and emerging issues, including in the context of the recent multilateral efforts to promote international development cooperation;
- the current evolving development cooperation landscape;
- the interrelationship of all sources of development finance;
- the synergies between financing objectives across the three dimensions of sustainable development; and
- the need to support the United Nations development agenda beyond 2015reinvigorating and strengthening the financing for development follow-up process.
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 the Monterrey Consensus and adopted,
by consensus, the Doha Declaration on Financing for Development. The Declaration highlights a new sense of solidarity and goodwill among Member States and is an important milestone in the struggle 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 2002) signaled a turning 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
