Mobilizing international resources


The Monterrey Consensus recognized that “private international capital flows, particularly foreign direct investment, along with international financial stability, are vital complements to national and international development efforts.” Foreign direct investment is “especially important for its potential to transfer knowledge and technology, create jobs, boost overall productivity, enhance competitiveness and entrepreneurship, and ultimately eradicate poverty through economic growth and development.”

In the Doha Declaration, Member States agreed to “strengthen national and international efforts aimed at maximizing linkages with domestic production activities, enhancing the transfer of technology and creating training opportunities for the local labour force, including women and young people” of foreign investment.

The Declaration reaffirmed “that every State has, and shall freely exercise full permanent sovereignty over, all its wealth, natural resources and economic activity” and supported “measures to enhance corporate transparency and accountability of all companies”.