One of the unique aspects of the financing for development process has been the deep-set and structured engagement between governments, multilateral organizations and the business sector. From the outset, it was critical to incorporate the private sector, from both the North and South, into the process given the increasingly predominant role of private capital flows in the developing world. This goes hand in hand with the fact that it is imperative to understand business perspectives and views on key financing issues relating to domestic resource mobilization, foreign investment, trade, external debt and other systemic concerns relating to the international financial architecture.
Business representatives and leaders from around the world actively participated in the International Conference on Financing for Development in Monterrey, Mexico, in March 2002 and the Follow-up International Conference on Financing for Development in Doha, Qatar, in the second half of 2008. The private sector has also stayed actively engaged in the follow-up process to the Monterrey Conference, playing a leading role in multi-stakeholder consultations and workshops that have been called for by the General Assembly.