Summary: Third Preparatory Committee for the International Conference on Financing for Development: Nature of the Outcome document. Intervention by Ambassador Ruth Jacoby, Head of Delegation of Sweden on behalf of the European Union (New York)
Mr Chairman,
In the view of the European Union, the outcome of the International Conference on Financing for Development should reflect the innovative nature of the process and confirm its unique holistic approach to development financing in accordance with its substantive agenda and needs of countries at different stages of their development. A priority outcome should be the recognition by key national and international, private and public, financial, trade and development actors that they all contribute
to and are concerned with Financing for Development, as a key element to achieve the goals and commitments of the Millennium declaration and other internationally agreed development targets.
The EU believes that the Conference should adopt a concise and forward-looking political declaration. The declaration should set out strategic goals of policy coherence, of the integration into the world economy of developing countries at different stages of development, take into account the key role of the private sector, and secure the holistic approach to development financing.
The EU is prepared to develop, together with other interested stakeholders, innovative approaches that would replace a conventional Plan of Action. The Conference should identify and agree on steps which would contribute to the realisation of these goals. Each Member State and each institutional actor could outline in which way they would contribute to the implementation of the goals.
For the coordinated follow-up EU believes that existing bodies and fora should be used such as ECOSOC, the General Assembly, meetings of the Bretton Woods Institutions and the WTO. The follow-up of the Conference should be consistent with the follow-up to the Millenium Declaration. EU does not believe that it would be useful to plan an automatic follow-up in five or ten years.
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