had taken a number of initiatives to create an enabling environment conducive to attracting FDI. Further, it was seeking to implement a set of policies to increase the positive impact of FDI on its national development goals. He also urged greater progress in promoting the sort of international cooperation necessary to manage the risks that could deter investors from bringing much needed capital, technology and jobs to where they were most needed.

NGUYEN SINH HUNG, Minister of Finance of Viet Nam, said there was still much to be done to fully and comprehensively implement the Monterrey Consensus. First, in order to achieve targets of economic growth, social development and human development, developing countries needed to mobilize domestic and external financial resources by measures to improve revenue to government budget,to support the least developed and developing countries to effectively participate in the international trading system.

FAYZA ABOULNAGA, Minister of International Cooperation of Egypt, said that, without real and concrete steps to support the efforts aimed at achieving the internationally agreed development goals, the Monterrey Consensus would remain no more than ink on paper. Therefore, she believed in working towards the achievement of several principles and objectives. Among them was to provide the necessary national policy space for developing countries, to enable them to adequately address the needs of their people, and to choose their national priorities and options, without imposing conditionalities or international commitments that would hinder their national development efforts.

The second, she said, was to enable the United Nations to play a key role in the area