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World Economic and Social Survey 2005

Financing for Development

image of World Economic and Social Survey 2005

The World Economic and Social Survey 2005 focuses on the Monterrey Consensus as the current framework for international cooperation for development. The report examines the correspondingly broad agenda for action that was set out in the Consensus, recognizing numerous accomplishments to date and draws attention to the further actions—in the financing and trade areas—that need to be undertaken in the years ahead to achieve both the Millennium Development Goals, as well as the broader United Nations Development Agenda.

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Overview

Having achieved formal status in 2002 through adoption by the Heads of State and Government, the Monterrey Consensus of the International Conference on Financing for Development provides the current framework for international cooperation for development. The Consensus is one of the best-conceived expressions of the contemporary view that such cooperation entails a partnership between developed and developing countries. It covers the full spectrum of issues relating to financing for development, comprising the mobilization of domestic resources for development, trade as an instrument of development financing, private capital flows, official development financing, debt and development, and questions relating to the international financial system as a whole.

English

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