2003: First High-level Dialogue is held

First High-level Dialogue on Financing for Development, 29-30 October 2003

One of the follow up mechanisms to the Monterrey conference are the UN General Assembly High-level Dialogues on Financing for Development held every two years. In total eight roundtable meetings took place following the Dialogue on various issues including agricultural subsidies, trade, debt relief and funding of the MDGs. All the discussions focused on dealing with the structural hindrances on these issues that disadvantaged ‘developing’ nations.

Other follow up mechanisms to Monterrey included:

• The UN Economic and Social Council (ECOSOC) special high-level meeting, held annually, with the leadership of the World Bank, the International Monetary Fund, the World Trade Organization and UNCTAD on the follow-up to the Monterrey Consensus. ECOSOC also devotes up to two days to deliberate the FfD agenda item during its substantive session.
• Committee of Experts on International Cooperation in Tax Matters, the specialized United Nations tax body, addresses the various tax policy issues identified in the Monterrey Consensus and provides a framework for dialogue with a view to enhancing and promoting international tax cooperation among national tax authorities.