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Financing for Development Dialogue Discusses Monterrey Consensus and Doha Declaration

24 March 2010: The Fourth UN High-level Dialogue on Financing for Development, which convened in New York, US, on 23-24 March 2010, focused on “The Monterrey Consensus and Doha Declaration on Financing for Development: Status of Implementation and Tasks Ahead.” The High-level Dialogue was organized in the lead up to the forthcoming high level review on the Millennium Development Goals (MDGs), scheduled to take place in September this year at the same venue.

Addressing the Dialogue  on behalf of the Least Developed Countries (LDCs), Amb. Gyan Chandra Acharya, Permanent Representative of Nepal, requested the international community to come forward with additional, substantial and secure funding and technology to support LDCs' adaptation and mitigation efforts.

Also addressing the event, UN Secretary-General Ban Ki-moon underlined that many developing countries will need considerable external assistance to support sustainable development, as part of the Global Green New Deal. Recalling that the Copenhagen Accord called for new and additional predictable resources over the next decade, he stressed the need to "continue to press for a binding international agreement on climate change." Ban noted that he recently established a High-Level Advisory Group on Climate Change Financing to develop proposals on how to scale up long-term financing for mitigation and adaptation in developing countries, and said it will deliver its recommendations before the 16th session of the Conference of the Parties to the UNFCCC in Mexico at the end of the year.

In his concluding remarks, Ali Abdussalam Treki, President of the General Assembly, highlighted that discussions on the theme “The Monterrey Consensus and Doha Declaration on Financing for Development: status of implementation and tasks ahead” had stressed the need for additional assistance to deal with new and emerging issues, including financing of climate change mitigation and adaptation. [UNOHRLLS Press Release] [High-Level Dialogue Website] [Ban's Statement] [Treki's Concluding Remarks]