Second Committee

Summaries of work and references


●  Item 52: Follow-up to and implementation of the outcome of the International Conference on Financing for Development



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 to fifty-ninth sessions (resolutions 57/250, 57/272, 57/273, 58/230, 59/145, 59/225, 59/291 and 59/293).

At its sixtieth session, the General Assembly held a separate meeting on financing for development, on 14 September 2005, within the framework of the High-level Plenary Meeting (14-16 September 2005); 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; reiterated its request to 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; decided to hold a follow-up international conference on financing for development to review the implementation of the Monterrey Consensus at a time between 2008 and 2009; and requested the Secretary-General to submit an annual analytical assessment of the state of implementation of the Consensus and of the resolution, to be prepared in full collaboration with the major institutional stakeholders (resolution 60/188).


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