For all countries, public policies and the mobilization and effective use of domestic resources, underscored by the principle of national ownership, are central to our common pursuit of sustainable development, including achieving the sustainable development goals. Building on the considerable achievements in many countries since Monterrey, we remain committed to further strengthening the mobilization and effective use of domestic resources. We recognize that domestic resources are first and foremost generated by economic growth, supported by an enabling environment at all levels. Sound social, environmental and economic policies, including countercyclical fiscal policies, adequate fiscal space, good governance at all levels and democratic and transparent institutions responsive to the needs of the people, are necessary to achieve our goals. We will strengthen our domestic enabling environments, including the rule of law, and combat corruption at all levels and in all its forms. Civil society, independent media and other non-State actors also play important roles.
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This principle is repeated regularly as can be seen from Common Principles : Constituency ownership of priorities.
Jan Goossenaerts
@collaboratewiki
The IMF policy paper Financing For Development - Revisiting the Monterrey Consensus (July 2015) lists Monterrey Consensus Principle 6: “Each country has primary responsibility for its own economic and social development, and the role of national policies cannot be overemphasized. At the same time, domestic economies are now interwoven with the global economic system … the effective use of trade and investment opportunities can help countries fight poverty. National development efforts need to be supported by an enabling international economic environment.” (page 8)
Jan Goossenaerts
@collaboratewiki