WORLD TRADE ORGANIZATION  
ORGANISATION MONDIALE DU COMMERCE  
ORGANIZACIÓN MUNDIAL DEL COMERCIO  WT/TF/COH/25 
19 April 2007 
 (07-1616) 
  
  
COHERENCE IN GLOBAL ECONOMIC POLICY-MAKING:  WTO  
COOPERATION WITH THE IMF AND THE WORLD BANK 
 
Extracts
1 relating to trade from the communiqués of the Intergovernmental Group of  
Twenty-Four on International Monetary Affairs a nd Development, the G-7 Finance Ministers and  
Central Bank Governors, the Internati onal Monetary and Financial Committee  
of the Board of Governors of the International Monetary Fund , 
and the Development Committee , 
13-15 April 2007  
  
  
COHÉRENCE DANS L'ÉLABORATION DES POLITIQUES ÉCONOMIQUES 
AU NIVEAU MONDIAL:  COOPÉRATION DE L'OMC AVEC 
LE FMI ET LA BANQUE MONDIALE 
 
Extraits
1 relatifs au commerce des communiqués du Groupe intergouvernemental des  
Vingt-Quatre pour les questions monétaires internationales et le développement,  
des ministres des finances et des gouverneurs de banque centrale du Groupe  
des Sept, du Comité monétaire et financier international du Conseil  
des gouverneurs du Fonds monétaire international  
et du Comité du développement  
13-15 avril 2007  
 
 
 
 
COHERENCIA EN LA FORMULACIÓN DE LAS POLÍTICAS ECONÓMICAS  
A ESCALA MUNDIAL:  COOPERACIÓN DE LA OMC CON EL FMI  
Y EL BANCO MUNDIAL 
 
Extractos1 relativos al comercio tomados de lo s comunicados del Grupo Intergubernamental  
de los Veinticuatro para Asuntos Monetarios  Internacionales y Desarrollo, los Ministros  
de Hacienda y los Gobernadores de los Bancos Centrales del  
Grupo de los Siete, el Comité Monetario y Financiero  
Internacional de la Junta de Gobernadores  
del Fondo Monetario Internacional  
y el Comité para el Desarrollo ,  
13-15 de abril de 2007  
  
                                                     
 
1In English only./En anglais seulement./En inglés solamente. 
 WT/TF/COH/25 
Page 2  
 
  I. INTERGOVERNMENTAL GROUP OF TW ENTY-FOUR ON INTERNATIONAL 
MONETARY AFFAIRS AND DEVELOPM ENT, COMMUNIQUÉ, 13 APRIL 2007 
Extract:  Scaling Up of Aid 
 
 Ministers expressed disappointment that almost seven years after the adoption of the Millennium Development Goals, five years after ag reement on the Monterrey consensus, and almost 
two years after the commitment by the G8 to scale up aid, progress on the increased delivery of aid 
resources is stalled. The latest Global Monitoring Report presents evidence that official development 
assistance (ODA) fell in real terms in 2006 and is pr ojected to remain flat in 2007. Ministers noted 
that much of the increase in the previous four y ears was accounted for by debt relief (which overstates 
the transfer of resources and was intended to be additional), technical cooperation, emergency 
assistance and overheads. Moreover, the increase in net ODA has been concentrated on a few special 
cases. Net aid resources that can be utilized to su pport projects and programs to accelerate progress on 
international development goals have increased only modestly, and in a number of cases declined. 
 
 Ministers pointed out that in contrast, there has been a marked improvement in the underlying 
conditions in low-income developing countries to utili ze aid effectively. This has been the result of 
sustained efforts to ensure macroeconomic stability as well as structural reforms to improve domestic 
revenue mobilization, public expe nditure management, and the environment for private sector-led 
investment and growth. Ministers reiterated their commitment to meet their side of the Monterrey agreement by pressing ahead with further policy and governance reforms. 
 
 
II. STATEMENT BY G-7 FINANCE MINISTERS AND CENTRAL BANK 
GOVERNORS, 13 APRIL 2007 
Extract: 
 
 We believe that a successful conclusion of th e Doha Development round is imperative. We 
are committed to resisting protectionist sentiment. S ubstantially lowering tariffs and other barriers is 
essential to spur new growth in global trade and re duce poverty. We welcome recent steps to intensify 
engagement, recognizing that substantive movement  towards a comprehensive final outcome requires 
all parties to make additional efforts. We expect  spending on Aid for Trade to increase to $4 billion, 
including through enhancing the Integrated Framew ork. We support initiatives to enhance cooperation 
to enforce intellectual property rights and combat  counterfeiting which are crucial to our knowledge-
based economies.    III. INTERNATIONAL MONETA RY AND FINANCIAL COMMITTEE OF THE BOARD 
OF GOVERNORS OF THE INTERNATIONAL MONETARY FUND – COMMUNIQUÉ, 14 APRIL 2007 
Extract:  The Global Economy and Financial Markets – Outlook, Risks, and Policy Responses 
 
 The Committee is particularly encouraged by the continued robust growth in low-income 
countries, including in Sub-Saharan Africa. The Committee calls on poor countries and donors to 
continue working in partnership to build on th is strong performance so as to accelerate progress 
towards achieving the Millennium Development Go als (MDGs). Countries should persevere with 
sound macroeconomic policies and reforms to foster  vibrant and diversified market-based economies. 
The international community should support these count ries' efforts with increased and more efficient 
aid, including through fulfilling the pledges made by donors to double aid to Sub-Saharan Africa 
by 2010. The Committee also stress es the importance of further trade liberalization and delivering Aid  WT/TF/COH/25 
 Page 3 
 
 
  for Trade commitments. In this context, it looks fo rward to the early establishment of the enhanced 
Integrated Framework.   The Committee welcomes the resumption of the Doha Round trade negotiations, and calls on WTO members to work with a renewed commitmen t to urgently achieve an ambitious outcome. 
Benefiting from the report by WTO Director-General Pascal Lamy on the current status of the 
negotiations, the Committee looks for strong political leadership from those countries now playing a 
central role in the negotiations to forge the necessary breakthrough. Th e Committee emphasizes that 
all members stand to benefit from a Doha Devel opment Round outcome that promotes growth and 
fosters economic development by reducing trade barriers and strengthening the multilateral trade 
system. The Committee considers it critically important to ensure that the benefits of globalization are 
widely shared and help reduce poverty and income disparities.  
 
IV. DEVELOPMENT COMMITTEE – COMMUNIQUÉ, 15 APRIL 2007 
Extract: 
 
 We noted the importance of trade as a driv er of growth and povert y reduction and expressed 
our continued hope for a breakthrough in the Doha Development Round negotiations.  We agreed that 
there is much at stake for all member countries a nd we recognized that failure to seize the current 
opportunity could come at considerable cost to th e global economy and in par ticular, to developing 
countries. We called upon all parti es to demonstrate the flexibility needed to achieve a successful 
outcome. To complement trade reforms and assist developing countries in fully exploiting existing 
and new trade opportunities, we look to the Fund and, particularly, the Bank for leadership in further 
strengthening the mechanisms for Aid for Trade and accelerating its implementation.  
 
__________