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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
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Documents:
A/60/111 [F]
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Letter dated 5 July 2005 from the
Permanent Representative of Jamaica to the United Nations
addressed to the Secretary-General
A/60/219
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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
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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
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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).
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