Conference on Financing for Development
Department of Public Information - News and Media Services Division - New York
|Monterrey, NL, Mexico
18-22 March 2002
20 March 2002
Noting that there was a link between ODA and foreign direct investment (FDI), he said they did different things, and more money was poured into the latter. However, only 3 per cent of FDI went to sub-Saharan Africa, and that was where ODA became important. Describing development assistance as an organized handshake, he said that giving it in an organized and predictable fashion meant that the recipient countries could count on it.
He also called for money to be made available
as a peace dividend in Sri Lanka, the Democratic Republic of the Congo,
and other countries emerging from conflict. Pointing out that ODA had
never been as thoroughly discussed, organized and coordinated as it
was today, he stressed the need for the Conference to set new targets.
Hopefully, the remaining days would inspire an effort to define those
Responding to a correspondent who asked what the European Union, on one hand, and Spain, on the other, thought about progress in coordinating development assistance, Mr. Piqué said the policies of the different European countries should complement each other and generate synergy to become more than the sum of their parts. The European Union had made more of an effort in providing ODA, in absolute, as well as relative, terms, and was ready to continue doing so.
Asked why there was such a large gap between
big contributors like the Netherlands or Sweden, and others like Germany,
which gave only 0.06 per cent,