Financing for Development

Perspectives and Issues

image of Financing for Development

This publication addresses the key issues surrounding financing for development (FfD), the subject of the International UN Conference on Financing for Development (UNCFD) in Mexico in 2002. These key areas are: Domestic Resource Mobilisation; Trade Earnings; Private Capital Flows; Official Flows and Official Development Assistance; External Debt; Systemic Issues Concerning the Architecture and Functioning of the Overall Global Institutional System that Influences FfD. The book also has two introductory chapters setting out the background and rationale for UNCFD, and a summary at the end of the volume highlighting the main recommendations made in the six core areas, focusing on those that go beyond those of the Zedillo Panel Report (ZPR) and the Secretary General's Report (SGR). It is a useful guide for policy makers in developed and developing countries, private sector institutions and international financial institutions.



Executive Summary

This report, commissioned by the Commonwealth Secretariat, covers the six major substantive areas that comprise the core of the International UN Conference on Financing for Development (UNCFD) to be held in Monterrey, Mexico in March 2002. Using as its lodestones the findings of the High Level Panel chaired by former President Zedillo of Mexico (the Zedillo Panel Report or ZPR) and of the UN Secretary General (the Secretary General's Report or SGR), the report raises conceptual and practical issues involved in each of these areas and emerges with its own views. Based on reasoning elaborated at length, and comparing the conclusions it reaches vis-à-vis those of ZPR and SGR, the report makes a variety of observations, suggestions and recommendations for consideration by the Secretariat and by Commonwealth governments to help them refine and determine the positions they take at the conference.


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