G8 L'Aquila Promoting the Global Agenda: Statement

Sectors : International partnerships and support for Pan-African institutions, Regional cooperation and integration, Quality of aid, Political governance, Aid volume, Food security, Investment, International trade: market access, subsidies and aid for trade, Climate change - general
Organisation : G8
Date made: 
Heads Of State

Commitments in: Financing for Development - Quality of aid

“11. We are committed to strengthening our dialogue and partnership with low income countries on the basis of a set of core development principles:

- Promoting effective and responsible policies for sustainable development: We are determined to engage responsibly with low-income countries, especially those in situations of fragility. We respect and support the ownership and leadership of developing country partners in identifying and implementing priorities for their development and we will enhance coordination among development partners. We are fully committed to enhancing our coordination and implementing the Accra Agenda for Action, to improve the quality, predictability and effectiveness of development policies with the aim of maximising their impact. We will continue to promote debt sustainability and transparency principles which we have agreed in other fora. We will make sure that climate related measures are integrated in a comprehensive development approach.

- Promoting good governance, accountability and transparency: we reaffirm the importance of promoting good governance and the rule of law, which requires responsible and transparent use of public resources as well as appropriate policy frameworks and decision-making processes conducive to sustainable development. We will strengthen mutual accountability and assess progress of development initiatives, making information on these initiatives available.

- Promoting partnership, dialogue and capacity development: we acknowledge the key role of engaging all agents of development – central and local governments, civil society and private sector – to achieve internationally agreed development goals including the MDGs. We are committed to supporting partner countries’ efforts to build capable and effective governments, strong and transparent institutions, and healthy and engaged societies. We also underscore the value of triangular cooperation in providing an important link that can enhance synergies between South-South and North-South cooperation. We agree to pursue effective triangular cooperation on a case by case basis and according to our respective national capacities.

- Strengthening multilateral and regional institutions that play an increasingly prominent role in development, including by fostering income and job generation, economic integration, regional trade and cooperation and contributing to promote peace and security.”


Commitments in: Financing for Development - Aid volume

“10. We are alarmed about the serious implications of the global crisis for growth and for poverty eradication in developing countries. We reaffirm our shared commitment to contribute to achieving the MDGs through economic growth and support to peace and security, especially in Africa... We are committed to mobilising all resources for development, as we keep engaged to ensure the proper follow-up and implementation of the Monterrey Consensus and the Doha Declaration on Financing for Development. ...As part of these overall efforts, the G8 countries are committed to meet their ODA commitments, especially to sub-Saharan Africa, including those on Aid for Trade and debt relief.”


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

“12. We are committed to advance reform processes in international organisations, including the UN, to reflect contemporary reality and challenges thus enhancing their relevance, legitimacy and efficiency. In this respect, we ask the HAP Steering Committee to examine coordinated approaches to strengthening the reform process of specialised international institutions dealing with food security issues. We are dedicated to improving the coherence of the multilateral system and welcome stronger coordination of international organisations. In particular, we encourage the relevant UN organisations, the IMF, the FSB, the ILO, the OECD, the WB and the WTO to work in a coordinated manner.”


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

“8. We consider international investment a major source of growth, employment, innovation and development in our countries. We are committed to maximizing the positive impact of investment as a catalyst for sustainable development, including through a further dissemination of Corporate Social Responsibility standards, and to minimizing protectionist responses. There is a need for continued discussion on key principles that enhance predictability and stability in the international investment environment and that could serve as the basis for a coherent common framework.

9. Building on the results of this process, we will consider appropriate further steps, involving emerging economies, developing and developed countries, relevant international organizations and other major stakeholders.”


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

“6. We reaffirm our commitment to maintain and promote open markets and reject all protectionist measures in trade and investment...

7. We, together with the leaders of Australia, Indonesia and Republic of Korea and in the presence of the Director General of the World Trade Organization, are committed to seek an ambitious and balanced conclusion to the Doha Development Round in 2010, consistent with its mandate, building on the progress already made, including with regard to modalities. .. we instruct our Ministers in charge of trade to explore immediately all possible avenues for direct engagement within the WTO and to meet prior to the Pittsburgh Summit.”


Commitments in: Climate Change - Climate change - general

“4. We are committed to working together to ensure a green global recovery based on firm and lasting foundations for sustainable, balanced, innovative and inclusive growth in the medium term. We have discussed a global recovery agenda and future sources of growth, both in terms of macroeconomic patterns and of structural issues. To this end...

- We will encourage and facilitate the development, dissemination and mutually agreed transfer of clean, low-carbon technologies, reducing carbon emissions and increasing energy efficiency from production to consumption, thereby improving energy security and access. We reconfirm our political will for reaching a comprehensive, fair, effective, agreed outcome, following the principle of common but differentiated responsibilities and respective capabilities at the UN Framework Convention on Climate Change Conference in Copenhagen in December... “