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AG/RES. 1979 (XXXIV-O/04)
FOLLOW-UP ON THE MONTERREY CONFERENCE ON
FINANCING FOR DEVELOPMENT
(Adopted at the fourth plenary session, held on June 8, 2004)
THE GENERAL ASSEMBLY,
HAVING SEEN:
Resolutions CIDI/RES. 114 (VII-O/02) and AG/RES. 1865 (XXXII-O/02), “Follow-up on
the International Conference on Financing for Development”; resolutions CIDI/RES. 128 (VIII-O/03)
and AG/RES. 1911 (XXXIII-O/03), “Follow-up on the Monterrey Conference on Financing for
Development,” and resolutions CIDI/RES. 129 (VIII-O/03) and AG/RES. 1913 (XXXIII-O/03),
“Strengthening of Partnership for Development”; and
The Monterrey Consensus, adopted by the United Nations International Conference on
Financing for Development, held in Monterrey, Mexico, from March 18 to 22, 2002; and
CONSIDERING:
That the Summits of the Americas process has established political priorities at the
hemispheric level which coincide with the agreements reached at the United Nations International
Conference on Financing for Development and are intended to create greater prosperity, increase
economic opportunities, and, at the same time, promote social justice and the development of human
potential;
That in the Monterrey Consensus the Heads of State and Government noted, with concern,
the low level of resources available to achieve the internationally agreed development goals;
That the Monterrey Consensus identifies as one of its objectives mobilizing and increasing
the effective use of financial resources and achieving the national and international economic
conditions needed to fulfill internationally agreed development goals, in particular those contained in
the Millennium Declaration, to eliminate poverty, improve social conditions and raise living
standards, and protect the environment;
That in the Monterrey Consensus the Heads of State and Government recognized that
achieving the internationally agreed development goals, including those contained in the Millennium
Declaration, demands a new partnership between developed and developing countries, and they
committed themselves to sound policies, good governance at all levels, and the rule of law;
That the inter-American system and particularly the OAS have multilateral cooperation
bodies and mechanisms on political, economic, and social issues that are responsible for the
promotion of democracy, human rights, fighting corruption and drugs, and civil society participation,
among other matters, and therefore position the OAS as a premier forum within the inter-American