In a statement, Mr. D´Escoto highlighted the importance of the United Nations as the forum for discussing major changes in the international financial and monetary system to enhance stability and equity. The declaration from the Doha meeting called for an inclusive international conference to review the architecture, aiming to broaden representation beyond traditional dominant interests. The meeting emphasized the need for the G-192, representing all UN members, to address global crises collectively. Despite the financial crisis, nations reaffirmed their commitment to devoting 0.7% of GNP to official development aid. The Doha consensus aims to foster an inclusive, democratic, and transparent process to rebuild trust in international financial, monetary, and trade institutions, ensuring policies benefit all, especially the vulnerable and poorest.
