Organization of a United Nations Conference at the Highest Level on the World Financial and Economic Crisis and Its Impact on Development

A/RES/63/277View PDF

Who adopted this document and its mandates?

A Resolution of the General Assembly, under agenda item 48 Follow-up to and implementation of the outcome of the 2002 International Conference on Financing for Development and the preparation of the 2008 Review Conference, published in 2009.

What subjects does this mandate have?

15 subjects

Bretton Woods Institutions Civil Society Conferences Development Banks Economic Crisis Financial Crisis Financial Policy Holy See International Financial Institutions International Monetary System Non-Governmental Organizations Palestine Private Sector Regional Commissions Report Preparation

What’s in this document?

19 operative paragraphs

Decides that the Conference on the World Financial and Economic Crisis and Its Impact on Development:

Will be convened at United Nations Headquarters from 1 to 3 June 2009;

Will be held at the highest level;

Will be presided over by the President of the General Assembly;

Will consist of:

A short opening session;

Plenary meetings;

iii

Four interactive round tables, which will address the main issues before the Conference as outlined above;

Will result in a concise outcome to be agreed by Member States;

Will also result in summaries of the round-table discussions, to be included in the final report of the Conference;

Invites the Holy See, in its capacity as observer State, and Palestine, in its capacity as observer, to participate in the Conference;

Invites the United Nations funds and programmes, and the specialized agencies of the United Nations system, including the International Labour Organization and the United Nations Conference on Trade and Development, the Bretton Woods institutions, the World Trade Organization, the regional development banks, the regional commissions of the United Nations, non-governmental organizations and civil society and business sector entities to participate in the Conference and in the preparatory process of the Conference in accordance with the rules of procedure of the General Assembly and, in addition, where appropriate, the rules of procedure adopted for the Monterrey Conference⁴ and for the Doha Conference,⁵ with the practical arrangements and modalities for participation in the Conference, including the accreditation procedures for non-governmental organizations and civil society and business sector entities, to be dealt with in the note referred to in paragraph 4 below;

⁴A/CONF.198/2.

⁵A/CONF.212/2.

Requests the Secretariat, in close collaboration with the Office of the President of the General Assembly, to provide no later than 20 April 2009 a note on the organization of work of the Conference;

Welcomes the special high-level meeting in 2009 of the Economic and Social Council with the Bretton Woods institutions, the World Trade Organization and the United Nations Conference on Trade and Development, which will include a session devoted to a comprehensive discussion of the global financial and economic crisis and its impact on development, and invites the President of the Council to provide a summary of the discussion as an input to the preparatory process for the draft outcome document of the Conference;

Notes with appreciation the initiative of the President of the General Assembly in organizing the interactive, thematic dialogue on the world financial and economic crisis and its impact on development, held from 25 to 27 March 2009, as a contribution to the preparatory process;

Welcomes the initiative of the regional commissions, with the support of regional financial institutions, including regional development banks, and other relevant entities, to hold regional consultations, and invites them to provide inputs as early as possible to the preparatory process for the Conference;

Requests the Secretary-General to prepare a report, based upon the analytical work of United Nations programmes, departments and organizations, on the origins and causes of the present crisis, the mechanisms of its transmission to the developing countries, the potential impact of the crisis on development, the response of the United Nations to the crisis through its development activities and national and international policy responses to date;

Requests the President of the General Assembly, through an open, transparent and inclusive process led by the Member States, to present in a timely manner a draft text based upon all preparatory inputs to serve as the basis for an outcome document, to be agreed by the Member States;

Requests the Secretary-General to provide all appropriate assistance to the preparatory process and the Conference.

Who adopted this document and its mandates?

What subjects does this mandate have?

What’s in this document?

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