Doha Follow Up Declaration on Financing for Development, Doha, Qatar, 29 November-2 December 2008

Sectors : Domestic resource mobilisation, Quality of aid, Debt relief, Political governance
Organisation : UN
Date made: 
2008
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Commitments in: Financing for Development - Domestic resource mobilisation

“We shall pursue efforts, both in the United Nations and in collaboration with other relevant institutions, such
as the Organization for Economic Cooperation and Development (OECD)/Development Assistance Committee (DAC), to advance dialogue and cooperation among the increasingly diverse community of development partners...We shall also pursue enhanced collaboration at the country level with the private sector, non-official donors, regional organizations and official donors.”

Scope: 
International

Commitments in: Financing for Development - Quality of aid

“We will make aid more predictable by providing developing countries with regular and timely, indicative information on planned support in the medium term. We recognize the importance of efforts by developing countries to strengthen leadership of their own development, national institutions, systems and capacity to ensure the best results of aid by engaging with parliaments and citizens in shaping those policies and deepening engagement with civil society organizations. We should also bear in mind that there is no one-size-fits-all formula that will guarantee effective assistance. The specific situation of each country needs to be fully considered.”

Scope: 
International

“We resolve to strengthen the coordination of the United Nations system and all other multilateral financial, trade and development institutions to support economic growth, poverty eradication and sustainable development worldwide. Greater cooperation between the United Nations, the Bretton Woods institutions and the World Trade Organization is needed, based on a clear understanding and respect for their respective mandates and governance structures.”

Scope: 
International

Commitments in: Financing for Development - Debt relief

“We will intensify our efforts to prevent debt crises by enhancing international financial mechanisms for crisis prevention and resolution, in cooperation with the private sector, and by finding solutions that are transparent and agreeable to all...we will continue to provide developing countries with the necessary assistance, including technical assistance, upon request, to enhance debt management, negotiations and renegotiation capacities, including tackling external debt litigation, in order to achieve and maintain debt sustainability... [W]e will consider ways to explore enhanced approaches of sovereign debt restructuring mechanisms based on existing frameworks and principles, with broad creditors’ and debtors’ participation and ensuring comparable burden-sharing among creditors, with an important role for the Bretton Woods institutions.”

Scope: 
International

Commitments in: Governance - Political governance

“We reaffirm the political declaration on ‘Africa’s development needs: state of implementation of various commitments, challenges and the way forward’,2F adopted at the high-level meeting of the General Assembly on 22 September 2008. We further reaffirm our commitment to provide and strengthen support to the special needs of Africa and stress that eradicating poverty, particularly in Africa, is the greatest global challenge facing the world today...We reaffirm the commitment of all States to establish a monitoring mechanism to follow up on all commitments related to the development of Africa as contained in the political declaration on ‘Africa’s development needs’. All commitments to and by Africa should be effectively implemented and given appropriate follow-up by the international community and Africa itself. We underscore the urgency of addressing the special needs of Africa based on a partnership among equals.”

Scope: 
International