Follow-Up to the International Conference on Financing for Development

E/RES/2012/31No PDF available

Who created this mandate?

A Resolution of the Economic and Social Council, under agenda item 6aFollow-up to the International Conference on Financing for Development, published in 2012.

What other versions does this mandate have?

7 versions · 2007–2014

This is an older version — the most recent is E/RES/2014/11

2014E/RES/2014/11Follow-up to the International Conference on Financing for DevelopmentLatestCompare with previous version
2013E/RES/2013/44Follow-up to the International Conference on Financing for DevelopmentCompare with previous version
2012E/RES/2012/31Follow-up to the International Conference on Financing for DevelopmentCompare with previous version
2011E/RES/2011/38Follow-up to the International Conference on Financing for DevelopmentCompare with previous version
2008E/RES/2008/14Follow-up to the International Conference on Financing for DevelopmentCompare with previous version

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What subjects does this mandate have?

8 topics

Bretton Woods Institutions Developing Countries Development Assistance Development Finance Financial Assistance Inter-Agency Cooperation International Trade Resources Mobilization

What does this mandate say?

20 operative paragraphs

Reaffirms the importance of staying fully engaged, nationally, regionally and internationally, in ensuring proper and effective follow-up to the implementation of the Monterrey Consensus of the International Conference on Financing for Development,Error: Reference source not found as reaffirmed in the Doha Declaration on Financing for Development, adopted by the Follow-up International Conference on Financing for Development to Review the Implementation of the Monterrey Consensus, and of continuing unremitting efforts to build bridges between all relevant stakeholders within the holistic agenda of the financing for development process;

Reiterates the role played by the United Nations as a focal point for the financing for development follow-up process and the need to maintain that role to ensure the continuity and dynamism of the process, while reaffirming the need to further intensify the engagement of all stakeholders, including the United Nations system, the World Bank, the International Monetary Fund and the World Trade Organization, in the follow-up to and implementation of the commitments made at Monterrey and Doha;

Also reiterates that the Economic and Social Council should continue to strengthen its role in promoting coherence, coordination and cooperation in the implementation of the Monterrey Consensus and the Doha Declaration and as a forum for multi-stakeholder involvement;

Recalls paragraphs 255 to 257 of the outcome document of the United Nations Conference on Sustainable Development,Error: Reference source not found and in this regard stresses the need to reinforce coherence and coordination and to avoid duplication of efforts with regard to the financing for development follow-up process;

Emphasizes that the financing for development follow-up process should constitute a continuum of events, each contributing to and feeding into the next, ensuring the holistic nature of the process and making better and more effective use of existing mechanisms and resources;

Welcomes the substantive discussions of the High-level Dialogue on Financing for Development of the General Assembly and the special high-level meeting of the Council with the Bretton Woods institutions, the World Trade Organization and the United Nations Conference on Trade and Development, and emphasizes that those discussions are an integral and mutually reinforcing part of the financing for development follow-up process;

Stresses the need to further improve the dialogue between Member States and representatives of the Bretton Woods institutions, the World Trade Organization and the United Nations Conference on Trade and Development during the special high-level meeting of the Council, as part of a forum for multi-stakeholder dialogue;

Welcomes the increased interaction and coordination at the staff level with the institutions involved prior to the special high-level meeting of the Council;

Recognizes the efforts of the President of the Economic and Social Council, in consultation with Member States, to continue to work with the appropriate representatives of the Bretton Woods institutions, the World Trade Organization and the United Nations Conference on Trade and Development to improve the agenda and the format of the special high-level meeting of the Council, considering innovative approaches that are conducive, inter alia, to the high-level participation of those institutions;

Requests the President of the Council, in close consultation with Member States, to continue close cooperation and dialogue with the relevant organizations and stakeholders on all the elements of the preparations for the special high-level meeting of the Council, in particular the date and agenda of the meeting of the following year, in order to seek a more interactive, dynamic and substantive discussion on key issues related to the financing for development framework;

Welcomes the efforts undertaken to give more prominence to the consideration of the agenda item on financing for development during the annual substantive session of the Council, including the allocation of the item to its coordination segment;

Stresses its resolve to continue improving those modalities in accordance with its resolutions 2009/30 and 2010/26 of 23 July 2010;

Encourages all relevant stakeholders to consider organizing seminars, panel discussions and briefings as part of the preparations for and contribution to the above-mentioned events in order to raise visibility, attract interest and participation and promote substantive discussions on a continuing basis;

Notes the ongoing discussions on innovative mechanisms of financing for development, including those of the special event held on 12 July 2012 during the coordination segment of the substantive session of the Council, while reiterating that such voluntary mechanisms should supplement and not be a substitute for traditional sources of financing;

Reiterates the importance of further improving cooperation between the United Nations, the Bretton Woods institutions and the World Trade Organization in the implementation of the Monterrey Consensus and the Doha Declaration, based on a clear understanding and respect for their respective mandates and governance structures;

Welcomes, in that regard, the invitation by the Bretton Woods institutions to the President of the Council to participate in the meeting of the Development Committee of the Bretton Woods institutions, and notes that the participation of the President of the Council in meetings of the intergovernmental bodies of the international organizations, as appropriate, can contribute to the financing for development follow-up process;

Encourages the Department of Economic and Social Affairs of the Secretariat, especially the Financing for Development Office, to maintain regular interaction at the staff level with the World Bank, the International Monetary Fund, the World Trade Organization and the United Nations Conference on Trade and Development in the interest of greater coherence, coordination and cooperation, each acting in accordance with its respective intergovernmental mandates;

Acknowledges the efforts undertaken to date to strengthen the financing for development follow-up process, and underscores the fact that the modalities of the process should be reviewed, as appropriate, in accordance with the provisions contained in paragraph 30 of General Assembly resolution 65/145 of 20 December 2010;

Recalls the decision of the General Assembly to consider the need to hold a follow-up financing for development conference by 2013, and in this regard also recalls the decision of the Assembly to hold informal consultations with a view to taking a final decision on the need for such a conference by 2013, and looks forward to the successful conclusion of these consultations;

Reiterates its appeal to Member States and other potential donors to consider contributing generously to the Trust Fund for the Follow-up to the International Conference on Financing for Development, which would facilitate the implementation of a strengthened and more effective intergovernmental inclusive process to carry out the financing for development follow-up.

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