Delegations from over 180 countries participating in the UN International Conference on Financing for Development committed on Friday to creating internal and international measures needed to facilitate direct investment.
According to the Consensus of Monterry, a base document that includes all the agreements signed here on Friday, "in order to attract productive capital, it is necessary for countries to maintain efforts to create transparent, stable and secure conditions for investing".
The document stresses they must adopt special measures in priority areas such as politics and economy, and in regulation mechanisms to promote and protect investment.
"With the aim to complement the national labor, it is necessary that relevant national, regional and international institutions increase their support to private foreign investment in the development of infrastructure and other priority areas, even in projects suitable to close the technological gap".
The signatories to the Consensus of Monterrey committed to backing the creation of new financing organizations, in which the public and private sectors participate and debt and asset instruments will be used.
(People?s Daily March 23, 2002)
