From Africa Recovery, Vol.14#4 (January 2001), Watch page

FINANCING DEVELOPMENT
Panel to recommend increased resource flows

UN Secretary-General Kofi Annan announced on 15 December that he had appointed former Mexican President Ernesto Zedillo to head a panel to examine what the international community can do to help rescue more than 1 billion people from abject poverty. "Development cannot happen without resources, especially financial resources," Mr. Annan observed.

The panel is mandated to come back by May 2001 with recommendations for concrete, achievable steps that can be taken by governments, business, civil society and international institutions to augment the flow of resources to the developing world. The proposals will be submitted to a UN conference on "financing for development," mandated by the General Assembly, to be held in 2002 in collaboration with the International Monetary Fund, World Bank, World Trade Organization and representatives of the private sector and civil society. While the more successful developing countries have been able to mobilize private investment, one goal of both the panel and the conference will be to determine how such private flows can be increased to all developing countries.

Other members of the panel include Mr. Majid Osman, a former finance minister of Mozambique who now heads a commercial bank; Mr. Robert Rubin, former US treasury secretary; Mr. David Bryer, director of OXFAM, UK, an international non-governmental relief and development organization; and Ms. Mary Chinery-Hess, former deputy director-general of the International Labour Organization.

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