Economic & Financial  / 2nd Committee - 60th session of the United Nations General Assembly
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Second Committee

 

Summaries of work and documentation

 

Reference:  A/60/100  [F]  [S]  [A]  [C]  [R]

 
 

  Item 51:

 

Follow-up to and implementation of the outcome of the International Conference on Financing for Development

Date of consideration:  12 October 2005 (PM) & 13 October 2005 (AM)

Second Committee Report (59th session):  A/59/482   [ F ]   [ S ]   [ A ]   [ C ]   [ R ] 

Documents:

A/60/111  [F]   [S]   [A]   [C]   [R]  

Letter dated 5 July 2005 from the Permanent Representative of Jamaica to the United Nations addressed to the Secretary-General

 

A/60/219   [F]   [S]   [A]   [C]   [R]  

Summary by the President of the General Assembly of the High-level Dialogue on Financing for Development (Mandate: GA res. 59/145, para. 4)

 

A/60/289   [F]   [S]   [A]   [C]   [R]  

Report of the Secretary-General on the follow-up to and implementation of the outcome of the International Conference on Financing for Development  (Mandate: GA res. 58/230, para. 17 and res. 59/225, para. 19)

 

A/60/289/Add.1   [F]   [S]   [A]   [C]   [R]  

Addendum to the report of the Secretary-General on follow-up to and implementation of the outcome of the International Conference on Financing for Development  (Mandate: GA res. 58/230, para. 17 and res. 59/225, para. 19)

Summary

The General Assembly considered the question of international intergovernmental consideration of financing for development at its forty-sixth to forty-eighth, fiftieth and fifty-second to fifty-sixth sessions (resolutions 46/205, 48/187, 50/93, 52/179, 53/173, 54/196, 55/213, 55/245 and 56/210 A and B and decisions 47/436, 55/446, 56/445 and 56/446).

At its fifty-sixth session, the General Assembly endorsed the Monterrey Consensus as adopted by the International Conference on Financing for Development on 22 March 2002 (resolution 56/210 B).

The General Assembly considered the question of follow-up to the International Conference on Financing for Development at its fifty-seventh session (resolutions 57/250, 57/272 and 57/273).

At its fifty-eighth session, the General Assembly, having held the first High-level Dialogue on Financing for Development, decided to hold the 2005 High-level Dialogue at the ministerial level, the time and modalities of the High-level Dialogue to be set by the Assembly at its fifty-ninth session; and requested the Secretary-General to submit an annual analytical assessment of the state of the implementation of the Monterrey Consensus, including the implementation of the resolution (resolution 58/230).

At its fifty-ninth session, the General Assembly reiterated the call to implement fully and build further on the commitments made and agreements reached at the International Conference on Financing for Development; requested the Secretary-General to consult with the Director-General of the World Trade Organization in order to expand existing cooperation between the two organizations on issues related to financing for development; welcomed the decision taken by the General Council of the World Trade Organization on 1 August 2004 to recommit its members to fulfilling the development dimensions of the Doha Development Agenda; decided to give further consideration to the subject of possible innovative and additional sources of financing for development from all sources; called upon developed countries to continue to devise source-country measures to encourage and facilitate the flow of foreign direct investment, and called upon developing countries and countries with economies in transition to continue their efforts to create a conducive domestic environment for attracting investments; urged developed countries that had not yet done so to make concrete efforts to achieve the target of 0.7 per cent of gross national product as official development assistance to developing countries and 0.15 to 0.20 per cent of gross national product to least developed countries; noted with concern that some countries that had reached the completion point of the Heavily Indebted Poor Countries Initiative had not been able to achieve lasting debt sustainability; reaffirmed the commitment expressed in the Monterrey Consensus to make the fight against corruption at all levels a priority, and invited all Governments that had not yet done so to sign and ratify the United Nations Convention against Corruption; emphasized the importance of an effective intergovernmental follow-up to the International Conference on Financing for Development; and requested the Secretary-General to submit an annual analytical assessment of the state of implementation of the Monterrey Consensus and of the resolution, to be prepared in full collaboration with the major institutional stakeholders (resolution 59/225).

At its fifty-ninth session, the General Assembly decided to hold the High-level Dialogue on Financing for Development on 27 and 28 June 2005 in New York, in order for the recommendations of the High-level Dialogue to be considered in the preparatory process for the High-level Plenary Meeting, and also decided to hold a separate meeting on Financing for Development within the framework of the High-level Plenary Meeting (resolution 59/145) (see also items 48 and 121).

At its resumed fifty-ninth session, in April 2005, the General Assembly decided that the separate meeting on Financing for Development would be held on 14 September 2005 (resolution 59/291) (see also items 48 and 121).

At its resumed fifty-ninth session, in May 2005, the General Assembly decided on the modalities for the High-level Dialogue on Financing for Development (resolution 59/293).

 

 

  Item 38:

  Item 49:

  Item 50:

  Item 52:

  Item 53:

  Item 54:

  Item 55:

  Item 56:

  Item 57:

  Item 58:

  Item 59:

  Item 73(b):

  Item 116:

  Item 125:

 

   

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Tuesday, 20 Sept 2005   

 

 

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