Monterrey Consensus, March 2002

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Please find below the paragraph regarding innovative financing of the Monterrey declaration as well as the declaration itself:

«44. We recognize the value of exploring innovative sources of finance provided that those sources do not unduly burden developing countries. In that regard, we agree to study, in the appropriate forums, the results of the analysis requested from the Secretary-General on possible innovative sources of finance, noting the proposal to use special drawing rights allocations for development purposes. We consider that any assessment of special drawing rights allocations must respect the International Monetary Fund’s Articles of Agreement and the established rules of procedure of the Fund, which requires taking into account the global need for liquidity at the international level.»

More information on Monterrey Consensus on UN’s website

Monterrey Consensus

27 February 2009

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