9 See, for example, World Bank, Global Development Finance 2005 Mobilizing Finance and Managing Vulnerability.

New Model Development Finance

Finance is an integral element of the global partnership for development.

Public administration, finance and development

Public administration, finance and development

Public administration, finance and development 3,820,000

Debt, finance and development Paris Club

Subprogramme 8 Public administration, finance and development

Several participants expressed their support for innovative sources of development finance, including global taxes.

Some OIAs, including development finance institutions, provide technical assistance and funding for feasibility studies, project development and project start up.

Making finance work should boost economic development significantly.

Official development assistance (ODA) remains the main source of external finance for landlocked developing countries.

The Skills Development Act of 1998 provided for the establishment of mechanisms to finance and promote skills development at the workplace.

Source World Bank, Global Development Finance 2005, online database.

A key issue in development finance is aid effectiveness.

Stressing the failure of the prescribed modalities for identification of resources to finance the Development Account,

Recognizing the need for new and additional resources to finance the development programmes of developing countries,

In this respect, access to finance for new and expanding firms greatly influences firm development and growth.

Both private capital flows and workers' remittances constitute important sources of development finance for Africa as a whole.

37. We call for the further elaboration of innovative financing mechanism for development, including public private partnership for increased investments targeted at development, debt swap for MDGs, and micro finance scheme.

programmes in local development and micro finance and initiate new investments.

There is a greater need for the countries to try to make debt finance a positive source of financing for development.

Those conditions are indispensable for the success of any development policy and for the effective and optimal use of official development assistance and of the national and international resources needed to finance development.

In the longer term, other innovative sources of finance for development should also be considered to supplement the Facility.

Yet, services represent an important avenue for developing countries to diversify from commodity dependence and to generate development finance.

Sub theme 3 Official development assistance, innovative sources of finance and debt

The Monterrey Consensus viewed microcredit as an innovative source of development finance.

At the Islamabad meeting, the FDP agreed to provide finance for Pakistan s energy development program, and requested proposals from the Pakistanis for the development of other sectors considered vital for the economy.

Indeed, according to modern development models of finance, whether or not a physical center of finance exists is no longer a meaningful issue.

38 For example, through strengthening institutions that provide long term finance, such as development banks and, where appropriate, bond markets.

It has also been noted that longer term support through the development of other innovative sources of finance for development should be considered to supplement the Facility.

The Commonwealth Development Corporation, the Netherlands Development Finance Company and the Asian Development Bank are among the numerous agencies involved in those activities.

The price we have had to pay for this is to have access to aid and development finance denied to us at an early stage in our development.

One such project was a rural finance project whereby villages created local savings banks to make loans for local development schemes.

The Senior Economic Affairs Officer, Financing for Development Office, Department of Economic and Social Affairs, and the Chief, Debt and Development Finance Branch, United Nations Conference on Trade and Development, made introductory statements.

See the G7 Finance Ministers' Conclusions on Development, London, 4 5 February 2005, para.

For us, the key issue is that of additionality and of strengthening the long term capacity of the African Development Bank to finance the development of its member countries.

We therefore call for renewed international attention to the need for coherence in development, trade and finance policies to avert the erosion of development gains and the aggravation of poverty in developing countries.

Mobilizing and increasing the effective use of financial resources is one of the crucial preconditions for achieving the internationally agreed development goals and finance is an integral element of the Millennium Development Goals on a global partnership for development.

At the same time, we must strive for good governance, fight corruption and find creative ways to raise money to finance development.

In supporting SME development, the Government had put in place specific policies and initiatives, for example to facilitate SMEs' access to finance.

The African Development Bank Group (AfDB) is a multilateral development finance institution established to contribute to the economic development and social progress of African countries.

They will be less vulnerable to political pressure from local governments to finance development projects.

His Excellency The Honourable Dr. Denzil Douglas, Prime Minister and Minister for Finance, Development, Planning and National Security of Saint Kitts and Nevis

Round table A was chaired by Carin Jamtin, Minister for International Development Cooperation of Sweden, and Elias Saba, Minister of Finance of Lebanon.