19 March 2002
Malloch Brown, UNDP Administrator, said global public goods
could, in due course, lower overall public spending in industrial
and developing countries. George Soros, President of Soros Fund
Management, presented his initiative concerning special drawing
rights (SDRs), which he said would be helpful for investment
in developing countries.
Faure, OECD, said ODA rates rose in 1998 and 1999, then stabilized
in 2000. Though too early to tell, ODA may have again increased
Nielson (European Union), announced an increase in EU official
development assistance to 0.39 per cent of gross national product
-- from the currently 0.33 level -- which would translate into
an extra $7 billion in aid per year by 2006.
a free market system would effectively address society's woes
was pure science fiction, said Joy Kennedy of the Ecumenical
Team. The Monterrey consensus was a weak, watered down, lowest
common denominator document, but she was not ready to throw
it out and start over.
Spokeswoman Susan Markham said that, as of today, 53 heads of
State and government had confirmed their intentions to participate
at the Summit portion of the Conference, which will take place
on Thursday and Friday. A total of 171 Member States will participate
in the event.
Bellamy, UNICEF, stressed that economic development must go
hand in hand with human development.
Indjikian, UNCTAD, said e-finance was steadily reshaping the
world financial landscape and making inroads into the developing
countries and transition economies.
Larson (United States) said the US would increase its international
assistance by $5 billion over the next three budget years. Accountability
on the part of both developed and developing nations, good governance,
and an economic policy framework that promoted entrepreneurship
United States President Jimmy Carter said that in agricultural
protection policies alone, "we cost the developing world
three times as much as all the overseas development assistance
that they received from all sources".
Vasquez, Secretary for Social Development of Mexico, said Mexico
had come to the Conference, not only as a transition country
and as a member of the OECD, but also acknowledging the backward
stage in which many Mexicans lived. Social development was a
right for all Mexicans.
Opertti-Badan (Uruguay), stressing the need for rules to govern
capital and financial flows, said the Bretton Woods agreements
should be revised. However, they had become, like the United
Nations Charter, almost untouchable.
FROM LAST NIGHT'S PLENARY
- Rolf Boehnke,
Common Fund for Commodities, said more than 1 billion people depended
on export commodities. Many developing countries were endowed
with rich natural and human resources, which could be harnessed.
- Maria Livanos
Cattaui, International Chamber of Commerce, said indigenous domestic
capital formation was the key to attracting foreign capital; micro-credit
could serve a key role in start-ups.
Graisse, WFP, said the Millennium Development Goals were far from
being reached, as nearly 800 million people went hungry each day.
- Marika Falhen,
Global Programme on HIV/AIDS, said that poverty bred the disease
and the disease deepened poverty. AIDS was on track to single
handedly wipe out 50 years of development gains in some developing
20 March 2002
21 March 2002
22 March 2002