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The Heads of State and Government of the Latin American and the Caribbean States gathered in Costa Rica, on the occasion of the Third Summit of the Community of Latin American and Caribbean States (CELAC), on January 28th – 29th, 2015;

Reafirming that while at national level, the achievement of sustainable development depends largely on the design and effective implementation of economic, social and environmental policies, in line with the national agenda of priorities established by local authorities; at the international level, success depends on the support and commitment of the international community, the possibility of having an adequate political space and an enabling global environment, as well as a pattern of competitive insertion in the global economy;

Reafirming also that any development process must take into account the different development dimensions, priorities, circumstances, realities and capabilities of countries, rights approach, the multidimensional nature of poverty, the enhancement of coherence, consistency and coordination of the international monetary, financial and trading systems;

Reiterating that financing for development is crucial for the implementation of internationally agreed development goals, including the MDGs;

Recognizing that the preparatory process of the Third International Conference on Financing for Development to be held in Addis Ababa from 13 to 16 July 2015, including the regional preparatory to held on March, 12th and 13th, 2015, at ECLAC headquarters in Santiago, Chile, shall converge with the elaboration process of the Post 2015 Development Agenda;

Reiteraring our strong interest on the establishment of a truly and effective global partnership for development, that incorporates the achievements and lessons learned in the various international conferences on financing for development and the outcome document of United Nations Conference on Sustainable Development Rio+20, that integrate all the fundamental issues of the development agenda to be articulated through the Third International Conference on Financing for Development;

Recognizing that national states will lead the negotiations of the renewed global partnership for development, encouraging the participation of other actors, according to public policies that represent the interests of all citizens;

Recognizing also the importance of a transparent and inclusive preparatory process based on the Monterrey Consensus and Doha Coference, including the evaluation of their progress, obstacles and structural constraints for the implementation of their agreements, to boost the process of financing for development and support the implementation of the new development agenda;

Recognizing that an effective strategy on financing for sustainable development will require the mobilization and effective use of new, predictable and additional public and private, national and international financial resources, and emphasizing the central role of the Official Development Assistance (ODA ) to achieve the internationally agreed development goals and the need for developed countries to urgently meet their 0.7 % of GNP ODA commitment with developing countries;

Stressing the role of triangular cooperation as an innovative resource considered from a dual approach, first as a mean of implementation for implementing the commitments of development and its financing, and, on the other, as an end in itself on the Post 2015 Development Agenda, which compels us to generate increasingly broad, inclusive and fair partnerships;

Agree to:

1. Contribute thorugh a dynamic and unified participation of CELAC countries, to a successful dialogue in the field of cooperation and financing for sustainable development as a fundamental part in the elaboration of the new Post-2015 Development Agenda, aiming that this dialogue incorporates the promotion of SouthSouth and triangular cooperation, recognizing their merits, as a core element in achieving a new paradigm of development cooperation.

2. Work towards the establishment of a genuine global partnership for development led by the States, that prioritizes poverty eradication in its multiple dimensions, with effective means of implementation. The notion of means of implementation consists of, among others, a combination of financial resources, development and transfer of technology, as well as capacity-building and preservation of policy space in our countries for the design and implementation of our development strategies, the promotion of an enabling international environment for overcoming development gaps and multilateral, universal trading system, based on rules, open, nondiscriminatory, equitative and with a favorable approach to development. These means of implementation must be supported by concrete actions from developed countries, including through quantitative time-bound financial targets, without conditionalities, besides those established for ODA, in accordance with the principle of common but differentiated responsibilities as stated in Principle 7 of the Rio Declaration, the reform of the economic global governance and the universal scope of the Post-2015 Development Agenda.

3. Urge CELAC member States to participate in the regional preparatory meeting on Financing for Development to be held on March 12 and 13, 2015, at ECLAC headquarters in Santiago, Chile.

4. Promote the establishment of a comprehensive, inclusive, transparent and accountable financing strategy that considers the particular needs and aspirations of all developing countries, including middle-income countries and small islands developing countries.

5. Continue promoting the establishment of a comprehensive Plan of Action for cooperation with middle-income countries. In that regard, we recognize that, despite the achievements of MICs, still remain high rates of poverty and inequality, and that further investment in social services and economic opportunities are needed in order to reduce those inequalities. This Plan of Action must be developed, among others, within the scope of the new financial strategy. In this context, ODA criteria allocation will be promoted, to be extended to other metrics that go beyond GDP.

6. Express their intention to continue to work jointly in the negotiation process opened on the basis of Resolution 68/034 “Towards the establishment of a multilateral legal framework for sovereign debt restructuring processes”, adopted by the UN General Assembly.

7. Promote the advancement in the definition of measurements of progress on sustainable development that complement GDP, including a combination of indicators of income and development demonstrating the reality of each country, and support statiscal capacity-building in developing countries, with the most possible upgraded data.

8. Promote innovative financing mechanisms to mobilize voluntarily, additional and complementary resources to traditional sources of funding for the implementation of sustainable development programs in its three dimensions (economical, social and environmental) and against hunger and poverty in developing countries, in accordance to national development priorities.

9. Strengthen CELAC Working Group on International Cooperation to support and coordinate South-South cooperation, noting that it provides a broad framework for collaboration among countries, as a manifestation of solidarity among peoples and great potential to contribute to its progress, welfare and achieving their development priorities and also to redefine and complement forms of international cooperation and global development agenda.

Belén, Costa Rica, January 29th, 2015

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