Financing

Annan addresses high-level meeting

Development funds moving from poor countries to rich ones, Annan says

30 October 2003
United Nations Secretary-General Kofi Annan today challenged the General Assembly to face the stark fact that, "even taking all subtlety and nuance into account," developing countries made the sixth consecutive and largest ever transfer of funds to "other countries" in 2002, a sum totalling "almost $200 billion."
James Wolfensohn

UN system leaders review development parameters of Monterrey Consensus

30 October 2003
The World Bank is concerned about the imbalances in the global system, especially in instances in which defence spending reached $800 billion, but development assistance only $56 billion, James Wolfensohn said today in the first address by a World Bank President to the United Nations General Assembly.
USG Ocampo briefs the press

General Assembly begins ministerial-level debate on financing for development

29 October 2003
The global financial system must be reformed to give fair exits from sovereign debt crises, such as Argentina's emergency in 2001, and better tax coordination worldwide to reduce tax dodging and illicit cross-border financial flows, according to a report by United Nations Secretary-General Kofi Annan to a ministerial debate on financing for development which opened today in the General Assembly.

Annan urges developed nations to dramatically reduce agricultural subsidies

14 April 2003
United Nations Secretary-General Kofi Annan today appealed to the world’s developed nations to slash their agricultural subsidies, calling it a litmus test for a coherent policy towards developing countries.

ECOSOC meets with world financial institutions on development projects

14 April 2003
The United Nations Economic and Social Council (ECOSOC) held a special high-level meeting today with representatives of international financial and trade institutions for the first follow-up review of the agreements reached at last year's global conference on financing development projects.
USG Nitin Desai briefs journalists

UN, Bretton Woods group to review progress since Monterrey financing summit

11 April 2003
The United Nations Economic and Social Council (ECOSOC) and representatives of the Bretton Woods institutions are set to meet on Monday for the first follow-up review of the agreements reached at last year's global conference on financing development projects.