In its resolution 62/187 of 19 December 2007, the UN General Assembly decided that the Follow-up International Conference to Review the Implementation of the Monterrey Consensus would be held in Doha, Qatar, from 29 November to 2 December 2008. The aim was to review the implementation of Monterrey's decisions and determine the new initiatives that would be necessary to meet the increasingly compromised Millennium Development Goals (MDGs).
Member States adopted by consensus the Doha Declaration on Financing for Development (A/CONF.212/L.1/Rev.1).The declaration reaffirms the Monterrey Consensus and calls for a United Nations Conference at the highest level to examine the impact of the world financial and economic crisis on development. The structures of the international financial and monetary achitecture and global economic governance were also reviewed by the declaration.
In resolution 54/196 of 14 January 2000, the General Assembly decided to convene, in 2001, a high-level intergovernmental event of political decision makers, at least at the ministerial level, on financing for development.
The General Assembly also decided that the high-level intergovernmental event in 2001 would address national, international and systemic issues relating to financing for development in a holistic manner in the context of globalization and interdependence and, by so doing, would also address development through the perspective of finance. Within that overall context, the event was also to address the mobilization of financial resources for the full implementation of the outcome of major conferences and summits organized by the United Nations during the 1990s and the implementation of the Agenda for Development, in particular with regard to poverty eradication.