Dialogue on financing for development

Last week, the World Economic Situation and Prospects 2012 was pre-launched, warning of another major economic downturn with immediate challenges including the continued jobs cri­sis and the declining prospects for economic growth. This week, government officials are gathering in New York for the General Assembly’s Fifth High-level Dialogue on Financing for Development taking place on 7-8 December.

The overall theme will be “The Monterrey Consensus and Doha Declaration on Financing for Development: Status of implementation and tasks ahead” and it will include four plenary meetings.

On 8 December, three simultaneous interactive multi-stakeholder round tables will be held on the following themes:

  • 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”; and
  • 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”.

The relation between achieving the internationally agreed development goals and financing for development will also be addressed at an interactive dialogue to be held on 8 December.

To get a full overview of the High-level Dialogue, the issues to be addressed and side events organized, check out the newsletter of DESA’s Financing for Development Office below presenting the event in detail.

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