Progress achieved by ESCWA member countries towards implementation of the Monterrey Consensus
By: Economic and Social Commission for Western Asia
Publisher: United Nations
Published: 2012
Place of publication: New York
Language: eng
Number of pages: 28
Subjects: Economic development; Economic policy
Other titles: Progress achieved by Economic and Social Commision for Western Asia member countries towards implementation of the Monterrey Consensus
Description: "This study reviews the progress achieved by ESCWA member countries in implementing the recommendations contained in the Monterrey Consensus of the International Conference on Financing for Development (Monterrey, Mexico, March 2002), during the last six years with a focus on 2008. It also reviews the impact of the global financial crisis on the performance of member countries in the six leading actions related to financing for development, namely: mobilizing domestic financial resources for development; mobilizing international resources for development; international trade as an engine for development; increasing international financial and technical cooperation for development; external debt; and addressing systemic issues. The study indicates different levels of progress. Oil exporting countries achieved higher level of progress while the less developed countries have faced significant difficulties with regard to the flow of foreign resources, which limited their capability to fully implement the recommendations. It concludes that a significant number of member countries are still facing such obstacles as the limited role of the banking sector, the small volume of financial markets, problems related to bureaucracy and financial and administrative corruption. In addition, the flow of foreign resources, in particular foreign direct investment, remains directed to a small number of member countries."--Publisher website.
Notes: "E/ESCWA/EDGD/2012/5."

"30 October 2012."

Includes bibliographical references.
Table of contents: title: Progress made by member countries towards mobilizing domestic resources for development; title: Progress made by member countries towards mobilizing international resources for development; title: Progress made by member countries towards liberalization of international trade as an engine for development; title: Increase in global financial and technical cooperation for development: official development assistance; title: External debt and debt management; title: Summary and recommendations.