A/RES/64/193 Taking note further of the reports of the Secretary-General on the follow-up to and implementation of the outcome of the International Conference on Financing for Development and the report of the Follow-up International Conference on Financing for Development to Review the Implementation of the Monterrey Consensus, 5 4F Taking note of the special high-level meeting of the Economic and Social Council with the Bretton Woods institutions, the World Trade Organization and the United Nations Conference on Trade and Development, held in New York on 27 April 2009, Reaffirming the Monterrey Consensus of the International Conference on Financing for Development 6 in its entirety, its integrity and its holistic approach, recalling the 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 in support of the achievement of the internationally agreed development goals, including the Millennium Development Goals, and also recommitting itself to staying fully engaged, nationally, regionally and internationally, so as to ensure proper and effective follow-up to and implementation of the Monterrey Consensus, 5F Reaffirming also that each country must take primary responsibility for its own development and that the role of national policies and development strategies cannot be overemphasized for the achievement of sustainable development, and recognizing that national efforts should be complemented by supportive global programmes, measures and policies aimed at expanding the development opportunities of developing countries, while taking into account national conditions and ensuring respect for national ownership strategies and sovereignty, Recalling the importance of the overall commitment to just and democratic societies for development as spelled out in the Monterrey Consensus, Deeply concerned by the adverse impacts of the global financial and economic crisis on development, including on the capacity of developing countries to mobilize resources for development, and recognizing that an effective response to the current crisis requires timely implementation of existing aid commitments, Emphasizing that the financial and economic crisis has demonstrated the need for more effective government involvement so as to ensure an appropriate balance between the market and the public interest, and recognizing the need to better regulate financial markets, Welcomes the holding in Doha of the Follow-up International Conference 1. on Financing for Development to Review the Implementation of the Monterrey Consensus, which provided an opportunity to assess progress made, reaffirm goals and commitments, share best practices and lessons learned and identify obstacles and constraints encountered, actions and initiatives to overcome them and important measures for further implementation, as well as new challenges and emerging issues, in the financing for development process; Stresses that each country has primary responsibility for its own 2. economic and social development and that the role of national policies, domestic resources and development strategies cannot be overemphasized, and reaffirms the importance of: _______________ 5 United Nations publication, Sales No. E.09.II.A.1. Report of the International Conference on Financing for Development, Monterrey, Mexico, 18–22 March 2002 (United Nations publication, Sales No. E.02.II.A.7), chap. I, resolution 1, annex. 6 2

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