Financing

Debate on foreign development assistance must focus on concrete goals: UNDP chief

As a key United Nations forum on development moved into its second day, the head of the UN Development Programme (UNDP) today said the debate over official development assistance (ODA) should focus on what concrete goals spending would achieve instead of what should be spent.

UN development summit opens amid calls for more international aid to poor countries

As world leaders assembled in Mexico today for the start of a United Nations forum on mobilizing resources for development, the heads of the UN economic commissions highlighted factors that blocked the flow of aid and development efforts in their regions, such as heavy debt and armed conflict.

Annan to tour Central America en route to key UN development forum in Mexico

United Nations Secretary-General Kofi Annan will head to Central America later this week with stops in Nicaragua, Costa Rica and Honduras before arriving in Mexico to open the International Conference on Financing for Development in Monterrey, a UN spokesman announced today.

UN welcomes European Commission’s call for more aid to developing countries

The United Nations today welcomed the European Commission’s call for all European Union countries to substantially increase their financial aid to developing nations.

Agreement reached in advance of UN forum on financing for development

Following 12 days of intensive consultations, the committee charged with negotiating a set of principles for the forthcoming UN International Conference on Financing for Development has reached informal agreement on the text that Conference will aim to adopt.