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. 

CHALLENGES:

• Climate Change
• Access to financial credit Intermediaries
• Cultivation for illicit usage

Development financing has specific threats and opportunities for women's and all people’s human rights. Transformative development financing and policies can make an important contribution to the systemic changes that are needed to ensure the respect, protection and fulfillment of women’s human rights.

2015 is an important year for the FfD process. The Third International Conference on FfD took place from 13-16 July 2015 in Addis Ababa, Ethiopia and governments are finalising the post-2015 development agenda including agreements on how the new Sustainable Development Goals will be financed. 

The current stage of the FfD process is an important opportunity to establish a financing framework that will ensure effective financing for the implementation of the post 2015 agenda and the Sustainable Development Goals (SDGs). It is also an opportunity to address the structural conditions, and systemic changes needed, for the full implementation of other agendas and commitments such as Human Rights Conventions, and the Beijing Platform for Action.

Over the last 13 years, women’s rights and feminist organizations have actively engaged in the FfD process.

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