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.



The Importance and Potential Value of UNCFD

Its inauspicious genesis notwithstanding, UNCFD provides an overdue occasion for the international community, and for the Commonwealth as an influential part of it, to revisit the conceptual and practical foundations that have supported financing for development between 1950–2000. It provides an occasion to renew and reinforce these foundations to meet the different needs created by the pressures and promise of globalisation in the twenty-first century. It presents an opportunity that the global community cannot afford to miss.


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