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

Sectors : Employment and Training, Environmental degradation and natural resource management, Domestic resource mobilisation, Quality of aid, Debt relief, International partnerships and support for Pan-African institutions, Sustainable development, Human Rights, Peace-building and peacekeeping, Women's rights, Climate change - general, Conflict resources, Financial Institutions, markets, services and microfinance, Economic governance and public finance management, Political governance, Gender and economic opportunity, Investment, Energy, International trade: market access, subsidies and aid for trade, Gender and political agency, General health and health funding, Primary and basic education
Organisation : UN
Date made: 
2008

Commitments in: Private Sector development and financial services for the poor - Employment and Training

“We will strengthen national and international efforts aimed at maximizing linkages with domestic production activities, enhancing the transfer of technology and creating training opportunities for the local labour force, including women and young people. It is also important to enact and uphold, as appropriate, labour and environmental protection and anti-corruption laws and regulations in accordance with obligations undertaken in relevant international conventions...We reaffirm that every State has, and shall freely exercise full permanent sovereignty over, all its wealth, natural resources and economic activity. We support measures to enhance corporate transparency and accountability of all companies, taking into account the fundamental principles of domestic law.”

Scope: 
International

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: Development partnerships - International partnerships and support for Pan-African institutions

“We, Heads of State and Government and High Representatives... reiterate our resolve to take concrete action to implement the Monterrey Consensus and address the challenges of financing for development in the spirit of global partnership and solidarity. We once again commit ourselves to eradicate poverty, achieve sustained economic growth and promote sustainable development as we advance to a fully inclusive and equitable global economic system.
2. We reaffirm the Monterrey...and recognize that mobilizing financial resources for development and the effective use of all those resources are central to the global partnership for sustainable development...including the Millennium Development Goals. We also reaffirm the importance of freedom, peace and security, respect for all human rights, including the right to development, the rule of law, gender equality and an overall commitment to just and democratic societies for development, as spelled out in the Monterrey Consensus. We reiterate that each country has primary responsibility for its own economic and social development and that the role of national policies, domestic resources and development strategies cannot be overemphasized.”

Scope: 
International

“We commit ourselves to reinvigorating the global partnership for development in order to effectively address the full range of financing for development challenges facing the world today. We recognize that multiple financing for development challenges and opportunities have emerged since the Monterrey Conference, including the impact of the financial crisis, additional costs of climate change mitigation and adaptation and damage to the Earth’s environment, price volatility in international markets of key commodities, expanding economic cooperation and the growing needs for reconstruction and development of postconflict countries. We reaffirm our resolve to take concerted global action to address all these areas while consistently furthering economic and human development for all.”

Scope: 
International

“We recommit ourselves to staying fully engaged, nationally, regionally and internationally, to ensuring proper and effective follow-up to the implementation of the Monterrey Consensus, taking into account the intergovernmentally agreed outcome document adopted at this Conference. We will also continue our unremitting efforts to build bridges between all relevant stakeholders within the holistic agenda of the financing for development process...We reaffirm the need to further intensify the engagement of all stakeholders, including the United Nations system, the World Bank, IMF and the World Trade Organization in the follow-up and implementation of the commitments made in Monterrey and reiterated here at Doha.”

Scope: 
International

Commitments in: Peace and security - Peace-building and peacekeeping

“The spectre of terrorism continues to haunt us and is on the rise. This has serious implications for economic development and social cohesion, apart from its horrific human misery. We resolve to act together stronger than ever to address terrorism in all its forms and manifestations.”

Scope: 
International

“While the pursuit of economic resilience is important for all countries, it requires constant and more concerted efforts in small and vulnerable economies...In development cooperation policies, we will pay special attention to the efforts and specific needs of Africa, the least developed countries, landlocked developing countries and small island developing States. Similarly, special and sustained attention is needed to support post-conflict countries in their rebuilding and development efforts.”

Scope: 
International

“We will step up our efforts to assist countries in accessing financing for development in the post-conflict context. In this regard, we welcome the valuable work of the United Nations Peacebuilding Commission and the Peacebuilding Fund, as well as commitments outlined in the Accra Agenda for Action.”

Scope: 
International

Commitments in: Governance - Economic governance and public finance management

“We will continue to undertake fiscal reform, including tax reform, which is key to enhancing macroeconomic policies and mobilizing domestic public resources. We will also continue to improve budgetary processes and to enhance the transparency of public financial management and the quality of expenditures. We will step up efforts to enhance tax revenues through modernized tax systems, more efficient tax collection, broadening the tax base and effectively combating tax evasion. We will undertake these efforts with an overarching view to make tax systems more pro-poor...[W]e acknowledge the need to further promote international cooperation in tax matters, and request the Economic and Social Council to examine the strengthening of institutional arrangements, including the United Nations Committee of Experts on International Cooperation in Tax Matters.
The development of a sound and broad-based financial sector is central to the mobilization of domestic financial resources and should be an important component of national development strategies. We will strive for diversified, well-regulated, inclusive financial systems that promote savings and channel them to sound growth generating projects. We will further refine, as appropriate, the supervisory and regulatory mechanisms to enhance the transparency and accountability of the financial sector. We will aim to increase the domestic supply of long-term capital and promote the development of domestic capital markets, including through multilateral, regional, subregional and national development banks.”

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

Commitments in: Private Sector development and financial services for the poor - Financial Institutions, markets, services and microfinance

“In order to foster private-sector development, we shall endeavour to promote an enabling environment that facilitates entrepreneurship and doing business by all, including women, the poor and the vulnerable...We will continue to pursue appropriate policy and regulatory frameworks at our respective national levels and in a manner consistent with national laws to encourage public and private initiatives, including at the local level, and to foster a dynamic and well-functioning business sector, while improving income growth and distribution, raising productivity, empowering women and protecting labour rights and the environment.”

Scope: 
International

“We will make sure that the benefits of growth reach all people by empowering individuals and communities and by improving access to services in the fields of finance and credit. We recognize that microfinance, including microcredit, has proven to be effective in generating productive self-employment, which can contribute to the achievement of the internationally agreed development goals, including the Millennium Development Goals.”

Scope: 
International

“To strengthen the resilience of the international financial system, we will implement reforms that will strengthen the regulatory and supervisory frameworks of financial markets as needed. We will strive to improve key accounting standards to remedy weaknesses and deficiencies, including those exposed by the current financial crisis... We will further enhance cooperation among national regulators from all countries to strengthen international financial standards.”

Scope: 
International

“We will exercise strong oversight over credit rating agencies, consistent with the agreed and strengthened international code of conduct, and take additional action to strengthen financial market transparency and enhance the convergence of global accounting standards.”

Scope: 
International

Commitments in: Private Sector development and financial services for the poor - Investment

“We recognize that private international capital flows, particularly foreign direct investment, are vital complements to national and international development efforts...We will seek to enhance such flows to support development. In this context, we will strengthen national, bilateral and multilateral efforts to assist developing countries in overcoming the structural or other constraints which currently limit their attractiveness as a destination for private capital and foreign direct investment.”

Scope: 
International

“We will enhance efforts to mobilize investments from all sources in human resources, transport, energy, communications, information technology and other physical, environmental, institutional and social infrastructure that serve to strengthen the business environment, enhance competitiveness and expand trade in developing countries and economies in transition...Countries need to continue their efforts to achieve a stable and predictable investment climate, with proper contract enforcement and respect for property rights. We will continue to put in place transparent and appropriate regulations at the national and international levels.”

Scope: 
International

Commitments in: Infrastructure - Energy

“We will strengthen cooperation to develop energy systems that can assist in meeting development needs and are consistent with the efforts to stabilize the global climate, in accordance with the principle of common but differentiated responsibilities and respective capabilities. We will strengthen our efforts to substantially increase the share of renewable energies and to promote energy efficiency and conservation. We reaffirm that access to basic energy services and to clean and sustainable energy is important to eradicate extreme poverty and to achieve the internationally agreed development goals, including the Millennium Development Goals.”

Scope: 
International

Commitments in: Trade - International trade: market access, subsidies and aid for trade

“We reaffirm that international trade is an engine for development and sustained economic growth. We also reaffirm that a universal, rules-based, open, non-discriminatory and equitable multilateral trading system, as well as meaningful trade liberalization, can substantially stimulate development worldwide, benefiting all countries at all stages of development...We also reaffirm our commitment to meaningful trade liberalization and to ensure that trade plays its full part in promoting economic growth, employment and development for all. We recall our commitment in the Monterrey Consensus to the decisions of the World Trade Organization to place the needs and interests of developing countries at the heart of its work programme and to implement its recommendations.”

Scope: 
International

“We also reaffirm our undertaking in Monterrey to facilitate the accession of all developing countries, particularly the least developed countries, as well as countries with economies in transition, that apply for membership in the World Trade Organization. In this regard, we note the decision of the Sixth World Trade Organization Ministerial Conference to give priority to the ongoing accessions with a view to concluding them as rapidly and smoothly as possible.”

Scope: 
International

Commitments in: Gender - Women's rights

“We reiterate the need for gender mainstreaming into the formulation and implementation of development policies, including financing for development policies, and for dedicated resources. We commit ourselves to increasing our efforts to fulfil our commitments regarding gender equality and the empowerment of women.”

Scope: 
International

“We reaffirm our commitment to eliminate gender-based discrimination in all its forms, including in the labour and financial markets, as well as, inter alia, in the ownership of assets and property rights. We will promote women’s rights, including their economic empowerment, and effectively mainstream gender in law reforms, business support services and economic programmes, and give women full and equal access to economic resources. We will further promote and reinforce capacity-building of State and other stakeholders in gender-responsive public management, including, but not limited to, gender budgeting.”

Scope: 
International

Commitments in: Health - General health and health funding

“We will continue to invest in human capital through inclusive social policies, inter alia, on health and education, in accordance with national strategies...We will strive to ensure social security systems that protect the vulnerable in particular... In this regard, greater efforts are required for mobilizing more resources, as appropriate, to provide universal access to basic economic and social infrastructure and inclusive social services, as well as capacity-building, taking special care of women, children, older persons and persons with disabilities in order to enhance their social protection”

Scope: 
International

Commitments in: Other

“Capital flight, where it occurs, is a major hindrance to the mobilization of domestic resources for development. We will strengthen national and multilateral efforts to address the various factors that contribute to it. It is vital to address the problem of illicit financial flows, especially money-laundering... [W]e urge as a matter of priority all States that have not yet done so to consider becoming parties to the International Convention for the Suppression of the Financing of Terrorism, and call for increased cooperation with the same objective.
...We are...determined to take urgent and decisive steps to continue to combat corruption in all of its manifestations in order to reduce obstacles to effective resource mobilization and allocation and avoid the diversion of resources away from activities that are vital for development.”

Scope: 
International

“We will strengthen existing measures to lower the transaction costs of remittances through increased cooperation between originating and receiving countries and create opportunities for development-oriented investments...”

Scope: 
International