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.



Mobilising Official Development Assistance for Financing Development

As far as developing countries and the agencies, bilateral and multilateral, that intermediate official aid flows are concerned, increasing official (tax-funded) resource transfers, and particularly concessional ODA resource transfers, from developed to developing countries is the raison d'être for holding UNCFD. Such agencies include the UN, the IMF and the World Bank, the three principal scriptwriters (as well as aspiring stars, directors and producers), of the UNCFD play. Their role as intermediaries inevitably creates a bias toward arguing for increased official flows as the most critical issue in FfD.


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