Financial and technical cooperation


The Monterrey Consensus recognized “that a substantial increase in Official Development Assistance (ODA) and other resources will be required if developing countries are to achieve the internationally agreed development goals and objectives, including those contained in the Millennium Declaration” and urged “developed countries that have not done so to make concrete efforts towards the target of 0.7 per cent of gross national product (GNP) as ODA to developing countries and 0.15 to 0.20 per cent of GNP of developed countries to least developed countries”. The Doha Declaration reaffirmed these targets and “encouraged donors to work on national timetables, by the end of 2010, to increase aid levels within their respective budget allocation processes towards achieving the established ODA targets.”

The Doha Declaration encouraged “all donors to improve the quality of aid, increase programme-based approaches, use country systems for activities managed by the public sector, reduce transaction costs and improve mutual accountability and transparency” and called upon all donors to untie aid to the maximum extent.

Member States affirmed “the importance of the Development Cooperation Forum of the Economic and Social Council as the focal point within the United Nations system for holistic consideration of issues of international development cooperation, with participation by all relevant stakeholders.”

The Doha Declaration sought efforts both in the United Nations and in collaboration with other relevant institutions, such as the Organization for Economic Cooperation and Development (OECD)/Development Assistance Committee (DAC), “to advance dialogue and cooperation among the increasingly diverse community of development partners.”