Third United Nations Conference on the Least Developed Countries, Brussels Declaration, 2 July 2001

Sectors : Investment
Organisation : UN
Date made: 
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Commitments in: Private Sector development and financial services for the poor - Investment

“7. We recognise that the most important financing of development comes from domestic resources, and that foreign direct investment is also an important source of capital, know -how, employment and trade opportunities for LDCs. In this regard we emphasise the need for an enabling environment for savings and investment, which includes strong and reliable financial, legal and administrative institutions, sound macro-economic policies and the transparent and effective management of public resources in order to help mobilise both domestic and foreign financial resources. We commit ourselves to seizing the opportunity of the Conference on Financing for Development in March 2002 in Monterrey, Mexico for the mobilisation of resources for development, in particular for the LDCs.”