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Against the backdrop of global financial crisis, Doha Conference to review and advance the Monterrey Consensus
26 November 2008 / 03:01

[Dateline: New York | Author: DESA]Conférence internationale de suivi sur le financement du développement, chargée d'examiner la mise en oeuvre du Consensus de Monterrey

The Follow-up International Conference to Review the Implementation of the Monterrey Consensus   is set to begin on Saturday, 29 November, in Doha , Qatar . The three day conference (29 November  – 2 December) will set out to review and advance the broad financing for development agenda agreed in the land-mark conference in Monterrey six years ago.

This agenda set out a firm and universal platform on which countries – rich and poor – can expand multilateral economic cooperation. Within the global partnership for development laid out in the Monterrey Consensus, developing countries agreed to take responsibility to improve their macroeconomic management, while developed countries agreed to be active partners in the development process, by providing assistance and ensuring that global conditions are conducive to development.


With the global economy at a critical juncture, the timing of the Doha Review Conference   presents a unique opportunity for world leaders to propel progress on critical financing for development issues. Key areas being discussed include debt problems of developing countries; international cooperation in tax matters; aid delivery and quality; innovative sources of financing, including for climate change and food security; expanding the voice and participation of developing countries in international economic governance; and reform of the global financial system.


One of the primary concerns amidst the financial crisis, and high energy and food prices, is to ensure that achievements made in the global fight against poverty, hunger, malnutrition, disease and illiteracy – and further efforts to reach the Millennium Development Goals (MDGs) – are not jeopardized.


In addition to the main Conference, there will be approximately 60 side-events where specific financing issues will be discussed, including those to tackle gender imbalance in development and South-South sharing of successful tax practices to help mobilize domestic resources for development. There will also be a Global Civil Society Forum  just prior to the Conference, on 26-27 November, and a Second International Business Forum  on Financing for Development on 28 November.


The Doha Follow-up Conference, which takes place two weeks after the G20 Summit in

Washington on global financial crisis, will provide an open venue for all countries to express their views.  Moreover, the inclusive platform embodied in the global partnership for development presents opportunities for international institutions, civil society and the private sector to work together towards a stronger and more inclusive multilateralism.

On the eve of the Doha Review Conference, 28 November, the Secretary-General, together with the Emir of Qatar His Highness, Sheikh Hamad Bin Khalifa Al-Thani, will convene a high-level informal meeting of world leaders to discuss further ways to overcome the financial crisis and mitigate the economic slowdown.

Further information  

Follow-up International Conference on Financing for Development to Review the Implementation of the Monterrey Consensus   


Doha Global Civil Society Forum  


Second International Business Forum