A/RES/67/197
International financial system and development
Development to Review the Implementation of the Monterrey Consensus, held in
Doha from 29 November to 2 December 2008, 7
Recalling the Conference on the World Financial and Economic Crisis and Its
Impact on Development and its outcome document, 8
Recalling also the high-level plenary meeting of the General Assembly on the
Millennium Development Goals and its outcome document, 9
Recalling further the United Nations Conference on Sustainable Development,
held in Rio de Janeiro, Brazil, from 20 to 22 June 2012, and its outcome document,
entitled “The future we want”, 10
Recognizing the work undertaken by the Ad Hoc Open-ended Working Group
of the General Assembly to follow up on the issues contained in the Outcome of the
Conference on the World Financial and Economic Crisis and Its Impact on
Development, and taking note of its progress report, 11
Recalling the high-level thematic debate of 17 and 18 May 2012 on the state of
the world economy and finance and its impact on development, convened by the
President of the General Assembly to contribute to the consultations among Member
States regarding the follow-up process of the outcome of the Conference on the
World Financial and Economic Crisis and Its Impact on Development,
Expressing deep concern about the ongoing adverse impacts, particularly on
development, of the world financial and economic crisis, cognizant that the global
economy, notwithstanding significant efforts, remains in a challenging phase with
elevated downside risks, including turbulence in global financial and commodity
markets, high unemployment and indebtedness in several countries and widespread
fiscal strains, which threaten the global economic recovery and reflect limited
progress towards sustaining and rebalancing global demand, and stressing the need
to continue to address systemic fragilities and imbalances and the need for
continuing efforts to reform and strengthen the international financial system,
Noting that, while some developing countries have been the main contributors
to recent global economic growth, the economic crisis has reduced their capacity to
withstand further shocks, recalling the commitments made to support strong,
sustainable, balanced and inclusive growth, and reaffirming the need to work
cooperatively to meet development commitments to achieve the Millennium
Development Goals by 2015,
Recalling the commitment to work in solidarity on a coordinated and
comprehensive global response to the ongoing adverse impacts of the world
financial and economic crisis on development and to take actions aimed at, inter
alia, restoring confidence, sustaining economic growth and creating full and
productive employment and decent work for all,
Reaffirming the purposes of the United Nations, as set forth in its Charter,
including to achieve international cooperation in solving international problems of
an economic, social, cultural or humanitarian character and to be a centre for
_______________
7
Resolution 63/239, annex.
Resolution 63/303, annex.
9
Resolution 65/1.
10
Resolution 66/288, annex.
11
A/64/884.
8
2/6