International Conference on Financing for Development, 2002

D. John Shaw

Chapter 38 in World Food Security, 2007, pp 369-374 from Palgrave Macmillan

Abstract: Abstract From its earliest days, the UN General Assembly and UN secretariat paid special attention to the financing of development in the developing countries, including a protracted attempt to establish a Special United Nations Fund for Economic Development (SUNFED) between 1949 and 1959, which did not succeed but which led to the creation of the International Development Association (IDA), the soft lending facility of the World Bank (Shaw, 2005a). The series of international conferences of the 1990s, culminating in the Millennium Summit and the MDGs in 2000, intensified the need to address again ways of financing development in the developing countries and the need for developed countries to increase their official development assistance. Responding to increasing pressure, an International Conference on Financing for Development was held in Monterrey, Mexico, between 18 and 22 March 2002. The meeting was attended by 50 heads of state or government, over 200 ministers, and leaders from the private sector and civil society, and senior officials from the major intergovernmental financial, trade, economic and monetary organizations (UN, 2002).

Keywords: Foreign Direct Investment; Trade Liberalization; External Debt; Debt Relief; International Development Association (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-58978-0_38

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DOI: 10.1057/9780230589780_38

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