Dialogue on financing for development

The General Assembly held its fifth High-level Dialogue on Financing for Development in New York on 7-8 December

The overall theme of the meeting was “The Monterrey Consensus and Doha Declaration on Financing for Development: status of implementation and tasks ahead”. The event included a series of plenary meetings, three interactive multi-stakeholder round tables and an informal interactive dialogue of the whole.

The Acting President of the General Assembly opened the meeting, followed by the opening address by the Deputy Secretary-General and statement by the President of ECOSOC. Subsequently, in a series of plenary meetings, chaired by the Acting President of the General Assembly, on 7 December (morning and afternoon) and 8 December (morning), the heads of 55 delegations delivered formal statements.

On the second day, three multi-stakeholder round tables (morning) and an interactive dialogue (afternoon) were held as follows:

  • Round table 1: “The reform of the international monetary and financial system and its implications for development”;
  • Round table 2: “The impact of the world financial and economic crisis on foreign direct investment and other private flows, external debt and international trade”;
  • Round table 3: “The role of financial and technical development cooperation, including innovative sources of development finance, in leveraging the mobilization of domestic and international financial resources for development”;

An informal dialogue was also held on the theme “The link between financing for development and achieving the internationally agreed development goals, including the Millennium Development Goals”.

Each of the four informal meetings, chaired by a Permanent Representative, featured presentations by 3-4 keynote speakers, followed by an interactive discussion. The main substantive points of the discussions, held during the plenary and informal meetings, were summarized in the concluding remarks by the Acting President of the General Assembly.

Overall, this fifth High-level Dialogue on FfD demonstrated renewed interest and commitment of Member States to the intergovernmental FfD follow-up process, including its strengthening, especially with the view of the post-2015 development framework. It was generally recognized that the Dialogue largely met its objective to reaffirm political commitment of the international community to the implementation of the agreements and commitments set out in the Monterrey Consensus and Doha Declaration on Financing for Development in the context of the continued crisis and uncertainty in the word economy.

Its outcome in the form of the summary by the President of the General Assembly will be issued as an official document and is expected to provide a substantive input into the preparations for the UN Conference on Sustainable Development (Rio+20).

For more information: http://www.un.org/esa/ffd/hld/HLD2011/index.htm

Round table 1

Round table 2

Round table 3

Informal Interactive Dialogue

Concluding remarks by the Acting President of the General Assembly