Prof. Marek Belka
International Conference on Financing for Development
Mr. President Fox
At the outset let me express our gratitude to all those whose efforts made this conference possible, most particularly to the host country and people of Mexico, the State of Nuevo Leon and through you, Mr President to the City of Monterrey.
Polish delegation wishes also to express gratitude to all those who contributed to the elaboration of the "Monterrey Consensus". It represents a proper balance between the needs and capacities of the UN family and provides a good basis for strengthened cooperation among developing, transition economy and developed countries aimed at stimulating sustained growth and improving living conditions of the poorest member states.
We share the views reflected in the report, including the substantive analysis it offers on regional initiatives. We also support reforms needed to foster further co operation between the UN, the WTO and the Bretton Woods institutions that could provide for better governance of globalisation for the benefit of all countries, those least developed in particular.
Globalisation has made individual national economies much more dependent
on external enviroment. A key policy challenge is how to benefit from increased
openness while at the same time reducing and better controlling the risks,
including vulnerability to financial crises and backlash of nationalist
and isolationist sentiments.
Economic reforms in Poland consisted in building-up institutional and
legal framework of a market economy, including privatization, liberalization
and industrial restructuring. They resulted in macroeconomic stabilization.
Transformation proved to be a general success. Poland regained its creditworthiness
and started attracting significant volumes of foreign direct investment.
Although Poland is currently experiencing a temporary slowdown in the economy, we intend to increase our economic assistance for developing countries.
Poland has been involved in programs of international assistance for
developing countries for many years, both in bilateral aid as well as in
multinational programs. This aid was equal to USD 29 million in 1998, USD
37 million in 1999, and USD 40 million in 2000. Poland has put aside resources
for this year in the form of highly preferential tied aid credits, equal
to USD 245 million.
We know that we must take a holistic view - covering trade, debt relief, technical assistance, integrating private flows, but above all we know that we have to provide more.
The discussions that we leading at this conference on who gives more, how much more should be given, in what forms and through which channels can only benefit our cause and bring us closer to the fullfilment of the Millenium Development Goals.
Another lesson we have learned is that globalization has its dark side. It could have been, in fact it was a fast track for development for some countries, but it also deepened disparities and produced frustrations, on the global scale indeed. I deeply believe that our joint efforts, as reflected in the 'Monterrey Consensus will show a better, more humane face of globalization. In fact, we learned something from the so-called antiglobalists.
I do hope that Monterrey soon gains a new splendid reputation as a city of the successful conference that helped to translate a good spirit- the Spirit of Monterrey into action and real achievements.
Let us do everything within our possibilities to fulfill this vision
in the coming years.
Statements at the Conference