A/RES/65/167 GA

United Nations A/RES/65/167 General Assembly Distr.: General 15 March 2011 Sixty-fifth session Agenda item 22 10-52256 *1052256* Please rec cle ♲ Resolution adopted by the General Assembly on 20 December 2010 [on the report of the Second Committee (A/65/438)] 65/167. Towards a New International Economic Order The General Assembly, Bearing in mind the purposes and principles of the Charter of the United Nations to promote the economic advancement and social progress of all peoples, Recalling the principles of the Declaration on the Establishment of a New International Economic Order and the Programme of Action on the Establishment of a New International Economic Order, as set out in resolutions 3201 (S-VI) and 3202 (S-VI), respectively, adopted by the General Assembly at its sixth special session, on 1 May 1974, Recalling also its resolutions 63/224 of 19 December 2008 and 64/209 of 21 December 2009, Reaffirming the United Nations Millennium Declaration,0F1 Recalling the High-level Plenary Meeting of the General Assembly on the Millennium Development Goals and its outcome document, 1F2 Recalling also the outcomes of the major United Nations conferences and summits in the economic, social and related fields, including the development goals and objectives contained therein, and recognizing the vital role played by those conferences and summits in shaping a broad development vision and in identifying commonly agreed objectives, Stressing the need to fulfil all financing for development commitments, including those contained in the Monterrey Consensus of the International Conference on Financing for Development, 2F3 the Doha Declaration on Financing for Development: outcome document of the Follow-up International Conference on Financing for Development to Review the Implementation of the Monterrey _______________ 1 See resolution 55/2. 2 See resolution 65/1. 3 Report of the International Conference on Financing for Development, Monterrey, Mexico, 18–22 March 2002 (United Nations publication, Sales No. E.02.II.A.7), chap. I, resolution 1, annex. A/RES/65/167 2 Consensus 3F4 and other relevant outcomes of major United Nations conferences and summits, Concerned about the multiple interrelated and mutually exacerbating current global crises, in particular the world financial and economic crisis, volatile energy prices, the food crisis and the challenges posed by climate change, which have a negative impact on the development prospects of developing countries, threaten to further widen the gap between developed and developing countries, including the technological and income gap, and could further undermine the achievement of the internationally agreed development goals, including the Millennium Development Goals, Underlining the need for a more sustainable economic growth and recovery, and recognizing that this goal can be achieved through inclusive multilateralism and the equal participation of all countries, as envisioned, inter alia, in the Declaration and the Programme of Action, Recognizing that innovative and enhanced approaches to financing for development are needed to address the challenges posed by the current global economic situation, poverty and the achievement of the internationally agreed development goals, including the Millennium Development Goals, and stressing that these new approaches should neither be a substitute for nor negatively affect the level of traditional sources of development financing, including official development assistance, and that they need to be developed in a spirit of partnership, cooperation and solidarity, bearing in mind the common interests and national priorities of each country, Recognizing also that many relevant principles contained in the Declaration and the Programme of Action have not been fully realized and that enhanced efforts are needed to minimize the negative effects of globalization on developing countries and to ensure that it works as a positive force for all, in particular for developing countries, Recognizing further that widespread financial deregulation has contributed to larger net capital outflows from developing countries to developed countries, Stressing the need for policy space to allow the formulation of national development strategies by developing countries, aimed at bringing prosperity for all, Reaffirming the need to enhance the voice and participation of developing countries in international economic decision-making and norm-setting, 1. Takes note of the report of the Secretary-General entitled “An overview of the major international economic and policy challenges for equitable and inclusive sustained economic growth and sustainable development and of the role of the United Nations in addressing these issues in the light of the New International Economic Order”; 4F5 2. Reaffirms the need to continue working towards a new international economic order based on the principles of equity, sovereign equality, interdependence, common interest, cooperation and solidarity among all States; _______________ 4 Resolution 63/239, annex. 5 A/65/272. A/RES/65/167 3 3. Decides to continue considering the international economic situation and its impact on development, and in that regard requests the Secretary-General to include in his report to the General Assembly at its sixty-seventh session, under the item entitled “Globalization and interdependence”, an updated overview of the major international economic and policy challenges for equitable and inclusive sustained economic growth and sustainable development and of the role of the United Nations in addressing these issues, as well as possible ways and means to overcome those challenges, bearing in mind the outcomes of the major United Nations conferences and summits in the economic, social and related fields and the principles contained therein, in the light of the relevant principles contained in the Declaration on the Establishment of a New International Economic Order5F6 and the Programme of Action on the Establishment of a New International Economic Order. 6F7 69th plenary meeting 20 December 2010 _______________ 6 See resolution 3201 (S-VI). 7 See resolution 3202 (S-VI).

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