8 December: Panel Discussions Consider Systemic Reform, Innovative Aid Sources, Resilience of Foreign Investment
Holding a series of expert panel discussions as part of its Fifth High‑Level Dialogue on Financing for Development, the General Assembly today provided space for in-depth consideration by Government and civil society representatives of key issues such as reform of the international financial system, innovative sources of development aid, and the impact of the financial crises on foreign investment. Even though the three parallel round tables covered distinct aspects of the financing for development process, the participants broadly supported the aims of the 2002 Monterrey Consensus as the main framework for international development cooperation. Yet, the Monterrey outcome and its follow‑up Doha Declaration was not without its trouble spots and nagging implementation gaps, many of which, the participants said, had been dramatically compounded by the meltdown two years ago of major financial institutions in the United States. The round tables were held as delegations in the Assembly Hall wrapped a two‑day plenary on the status of the Monterrey Consensus. (See Press Releases 11186,
11189 and

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