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    Doha Declaration urges sustained commitment to international aid


    International Trade Forum - Issue 3-4/2008 

    Delegates from over 160 countries met in Doha, Qatar from 29 November to 2 December 2008, for the follow-up International Conference on Financing for Development. The conference reviewed progress achieved under the 2002 Monterrey Consensus, which addresses such issues as domestic resource mobilization, official development assistance, trade, foreign direct investment and debt relief in developing countries.

    The four-day talks resulted in a declaration calling for an inclusive meeting to review the international financial and monetary architecture. Nations affirmed that despite the current financial crisis, developed countries must maintain the commitment made in Monterrey to devote 0.7% of gross national product to official development aid.

    "The Doha consensus sets the basis for an inclusive, democratic and transparent process to rebuild trust of all nations in the international financial, monetary and trade institutions," said United Nations General Assembly President Miguel D'Escoto. "Only with the participation of all nations can we ensure that these policies truly benefit all people, especially the most vulnerable and poorest among us."

    See: www.un.org/doha2008