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flying albatross International Conference on Financing for Development, Monterrey, Mexico 18-22 March 2002 United Nations
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This is the archive of the
International Conference on
Financing for Development
Monterrey, Mexico,
18-22 March 2002

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visit the FfD Secretariat website:

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Last update:
10 Feb 2003

446,933 Visitors until 10 February 2003

The International Conference on Financing for Development was held from 18-22 March 2002 in Monterrey, N.L., Mexico.The Post Conference Daily Calendar provides links to all information from the plenaries, roundtables, side events and press conferences.  The General Assembly will convene on Thursday, 27 June 2002 to discuss the report of the conference (A/Conf.198/11).

This first United Nations-hosted conference to address key financial and development issues attracted 50 Heads of State or Government, over 200 ministers as well as leaders from the private sector and civil society, and senior officials of all the major intergovernmental financial, trade, economic, and monetary organizations.  Their statements to the plenaries (in text and in video) and the Monterrey Consensus provide a picture of the new global approach to financing development.

The Monterrey Conference also marked the first quadripartite exchange of views between governments, civil society, the business community, and the institutional stakeholders on global economic issues.  These global discussions involved over 800 participants in twelve separate roundtables.  The Co-Chairs of the roundtables -- heads of governments, the heads of the World Bank, International Monetary Fund, the World Trade Organization and the regional development banks, as well as ministers of finance, trade, and foreign affairs --prepared summaries of the major ideas raised in the discussions.


  Plenaries and Commitments
* The Summit segment started with statements from the President of the General Assembly, the Secretary-General of the United Nations, and the heads of IMF, WB, WTO.
* Over 50 Heads of State or Government addressed the plenary on Thursday and Friday.
* The Summit also heard statements from the organizers of the Civil Society Forum, the International Business Forum and the Parliamentarians Forum.
* Major new announcements on ODA levels were announced by the European Union and the United States. Governments are invited to post similar announcements or post-Conference observations on the FfD web site.
* The Monterrey Consensus was adopted by acclamation at the Summit Segment of the International Conference on Financing for Development on 22 March 2002..


* Over 800 people during three days participated in the first ever quadripartite roundtable dialogues on global macro economic issues. The participants in the roundtables were government delegations (48), institutional stakeholders (8), civil society (7) and the business sector (7). 
* The theme for the Tuesday Ministerial Roundtable was "Partnerships in Financing for Development"; the theme for the Wednesday Roundtable was "Coherence in Development"; and the theme for the Summit Roundtable on Thursday was "Financing for Development: Looking Ahead". 
* The co-chairs' summaries have been incorporated in the final report of the Conference.


 Related Conference Events
* Over 55 side-events took place during the conference week. Participants in these seminars and workshops are invited to submit their statements for the FfD website.
* In addition to the official calendar and the forums, the Government of Mexico sponsored a meeting of Finance Ministers on Wednesday evening, a Heads-of-Delegation dinner on Thursday evening, a Heads of State or Government retreat on Friday afternoon, and an open outdoor party on Friday night.
* There were four independent forums on Financing for Development. 

The Civil Society Forum took place from Thursday to Saturday, 14 - 16 March 2002.
The Parliamentarian Forum took place on Saturday 16 March 2002 in the Mexican Senate in Mexico City, D.F. 
The local Authorities Forum took place under the chairmanship of the Mayor of Monterrey; and
The International Business Forum took place on Monday, 18 March 2002.

 Institutional Stakeholders
* Mr. Horst Ker of the IMF, Mr. James D. Wolfensohn of the World Bank, and Mr. Michael Moore of the WTO co-chaired roundtables at the heads-of-state level  and made special introductory statements at the beginning of the Summit Segment.
 Staying Engaged
* The Conference recommends that the General Assembly should strengthen and make fuller use of the  Assembly and the Economic and Social Council, as well as the relevant intergovernmental/governing bodies of other institutional stakeholders, for the purposes of conference follow-up and coordination. The Conference recognized the link between financing of development and attaining internationally agreed development goals and objectives, including those contained in the Millennium Declaration. The chapter on Staying Engaged contained suggestions such as 
  • Interactions between representatives of the Economic and Social Council and the directors of the executive boards of the World Bank and the International Monetary Fund and the representatives of the appropriate intergovernmental body of the World Trade Organization should continue
  • The United Nations, the World Bank and the International Monetary Fund, with the World Trade Organization, should address issues of coherence, coordination and cooperation, as a follow-up to the Conference.  This meeting should include an intergovernmental segment to address an agenda agreed to by the participating organizations, as well as a dialogue with civil society and the private sector;
  • The current high-level dialogue on strengthening international cooperation for development through partnership, held every two years in the General Assembly, would consider the financing for development-related reports coming from the Economic and Social Council and other bodies, as well as other financing for development-related issues. It would be reconstituted to enable it to become the intergovernmental focal point for the general follow-up to the Conference and related issues. The high-level dialogue would include a policy dialogue, with the participation of the relevant stakeholders, on the implementation of the results of the Conference, including the theme of coherence and consistency of the international monetary, financial and trading systems in support of development; and
  • Governments should continue to improve domestic policy coherence through the continued engagement of our ministries of development, finance, trade and foreign affairs, as well as our central banks.


  What's New

ECOSOC Resolution on FfD
Report on the Outcome of the Conference on FfD
Report on the Follow-up efforts to the the Conference on Financing for Development
Conference Report
(pdf):   E, F, S, A, R, C (word version)
Side Events Papers


 FfD Themes

Domestic Resources
Private Flows
Systemic Issues
Staying Engaged
Related High-Level Policy Texts and the FtD Agenda

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