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News in RSSFinancing for development (FfD) is about how domestic and international resources contribute - or don't, in some cases - to ensure that all countries are able to meet the Millennium Development Goals and eradicate poverty. It encompasses aid, trade, debt relief, international and national finance, domestic budgeting and global governance. At the Monterrey Conference in 2002, wealthy and poor countries pledged concrete actions towards funding development. Progress was reviewed in Doha between November 29 and December 2, 2008. Ahead of this U.N. summit, a parallel process of multi-stakeholders, the U.N. Development Cooperation Forum, took place in July. Even though gender equality is essential to ensure poverty eradication, women's empowerment, and effective development, the FfD process has not yet led to any substantial change in the feminisation of poverty. As 2008 was a year of stock-taking, activists seized their chance. Gender was high on the FfD agenda.

Accra Action Agenda
Better known by its acronym AAA, it has been drafted through a broad-based process of dialogue at both country and international levels, carried out through the work of Working Party on Aid Effectiveness and Donor Practices (WP-EFF) and its joint ventures, regional preparatory consultations, the partner country contact group, the Advisory Group on Civil Society, and the non-DAC donor group (including China, India, the Gulf States).

The views of more than 80 partner countries, some 60 civil society organisations (CSOs), all DAC (Development Assistance Committee of the OECD) donors, and many non-traditional providers of development assistance informed the final draft AAA (dated July 25, 2008). It is expected that the AAA can support accelerated progress in aid effectiveness.
Accra Agenda for Action
DEVELOPMENT: Crucial Role for EU at Accra Meet on Aid
Q&A: "Where Women Can't Thrive, MDGs Are in Jeopardy"
Monterrey Consensus
The United Nations organised the Monterrey Conference on Financing for Development (FfD) in 2002. More than 50 heads of state and 200 ministers of finance, foreign affairs, development and trade participated, along with representatives of the civil society, the International Monetary Fund, the World Bank, the World Trade Organisation and the U.N. The outcome is known as "The Monterrey Consensus".

The Monterrey Consensus included commitments for "new development aid" from rich countries, as well as agreements on debt relief, the fight against corruption, public-private partnerships, and Official Development Assistance (ODA). Since its adoption, it has become a landmark in global development.
Major Donors Cut Assistance
Migrant Earnings to Be Counted as Foreign Aid?
Japan's More Is Not Enough
Paris Declaration
Three years later, more than 100 ministers, heads of agencies and other senior officials representing donor and recipient governments and multilateral aid organisations signed the Paris Declaration on Aid Effectiveness.

The Paris Declaration sets out an agenda to make aid more effective and efficient by reducing duplication, transaction costs, and misdirected aid.

In some quarters, the Paris Declaration is almost synonymous with aid effectiveness; it is expected that aid will be effective and achieve development outcomes when the principles are observed for government sector aid. However, there continue to be criticisms and alternative views, particularly from aid-focused non-governmental organisations.

Implementation of the Paris Declaration is also questionable; concrete targets set for 2010 (such as an increased proportion of aid to be untied; establishment of "mutual accountability" mechanisms in aid recipient countries; and for two thirds of aid to be delivered in the context of so-called programme approaches rather than projects) seem unlikely to be met, according to data on the Organisation for Economic Cooperation and Development (OECD) website.
The Paris Declaration
Special Report on Aid Harmonisation
2006 Survey
2008 Survey

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Despite Rhetoric, Women Still Sidelined in Development Funding
By Charundi Panagoda
WASHINGTON - As U.N. Deputy Secretary-General Asha-Rose Migiro once put it, "Women hold the keys to unlocking the barriers to sustainable development."
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Britain Boosts Economic Ties with the Caribbean
By Peter Richards
ST GEORGE'S, Grenada - As China sees its influence continue to grow in this part of the world, a delegation from the United Kingdom arrived in Grenada last weekend with a proverbial carrot for its former colonies, vowing to create new opportunities for trade, investment and innovation "in our respective economies".
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DEVELOPMENT
When a Quick Fix Gets the Deep Six
By Michael J. Carter
SEATTLE, U.S. - Figuring out how to change the world for the better is a daunting challenge, but throngs of passionate people are willing to take on the task.
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Global Fund for Education Gathers Momentum
By Thalif Deen
UNITED NATIONS - If the international community can successfully raise billions of dollars to fight deadly diseases, why not a similar fund to promote education, asks Gordon Brown, former British prime minister.
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SOUTH AFRICA
No Political Will to Support Generic Medication
By Kristin Palitza
CAPE TOWN - South African health experts are calling on governments to use legally available mechanisms to promote the production or import of generic drugs in their countries.
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Can BRICS Make a Difference at Busan? - Part 2
Analysis by Kanya D'Almeida
WASHINGTON - While experts are hopeful that blocs of emerging market economies like BRICS – Brazil, Russia, India, China and South Africa – will play a major role in the upcoming aid effectiveness conference in Busan, South Korea, others fear that the new players do not yet have the fiscal power to make a serious intervention in fora generally dominated by rich donor states.
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Can the BRICS Make a Difference At Busan? - Part 1
Analysis by Kanya D'Almeida
WASHINGTON - As shock waves from Greece's economic crisis emanate across the Eurozone and the Occupy protests in the U.S. grow bolder in their critique of the dominant neoliberal system, it seems clear to many observers that the old hegemonic economic order is fading fast.
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IBSA
In Conflict with the EU
By Ravi Kanth Deverakonda
GENEVA - When the G20 leaders meet for their fifth summit in Cannes, France, on Thursday, they will be confronted with several worsening global economic and trade issues. Among them is how to strengthen the international trading system and how to overcome the developmental deficit that continues to create an uneven playing field for poor countries.
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EUROPE
‘Agenda for Change’ Leaves Middle-Income Countries Out in the Cold
By Daan Bauwens
BRUSSELS - Last week the European Commission unveiled its ‘Agenda for Change’, a new policy framework outlining priorities for the European Union’s development aid and detailing the Commission’s renewed focus on economic growth as a means of poverty reduction, particularly in the world’s poorest countries.
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TRADE
Developing Countries Out in the Cold at WTO
By Ravi Kanth Devarakonda
GENEVA - Developing countries, particularly from Africa, are concerned about attempts by industrialised nations to change the negotiating dynamic of the World Trade Organization.
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Africa Ravaged by Continued Denial of Market Access
By Ravi Kanth Devarakonda
Geneva - The poorest countries in Africa are not merely the victims of natural calamities. They are also ravaged by the continued denial of market access as promised in the Doha trade negotiations, say African trade diplomats.
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Grassroots Women Urge Rights-Based Development Path
By Kanya D'Almeida
WASHINGTON - The streets around the headquarters of the world's leading financial institutions – the World Bank and the International Monetary Fund – have been transformed into a canvas over the last three days.
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Moving Aid from Fire-Fighting to Long-Term Results
By Rosemary D'Amour
WASHINGTON - Civil society organisations weighed in Friday on the risks and necessities associated with results-driven aid, asking the key question when it comes to a development project: Results for whom? Donors, or the people on the ground?
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Bill Gates to Support "Robin Hood" Tax
By Jim Lobe
WASHINGTON - Microsoft co-founder and billionaire philanthropist Bill Gates appears poised to endorse the adoption of a controversial financial transactions tax (FTT) to be used as a new source of development aid for poor countries.
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Uneven Results in Bid to Halt Needless Mother and Child Deaths
By Elizabeth Whitman
UNITED NATIONS - Political, private sector and civil society leaders from around the world gathered here on Tuesday to recommit to a year-old initiative, Every Woman Every Child, which aims to prevent 16 million maternal and child deaths by 2015.
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Women Hung Out to Dry in Global Labour Market
By Kanya D'Almeida
WASHINGTON - Amid policy battles over food production, energy resources and economic decline, one untapped natural resource that is guaranteed to boost production on a global scale has been stubbornly overlooked – the power of women in the labour force.
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World Bank, IMF Face Shifting Development Paradigm
By Rosemary D'Amour
WASHINGTON - Amid a global financial crisis that has shown little signs of reversing, next week's fall meetings of the International Monetary Fund and World Bank are crucial in setting the tone for rebounding world markets, to which leaders of the Bretton Woods institutions offered optimistic, yet ultimately vague, solutions in speeches this week.
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U.S.
Republicans Call for Major Cuts to U.N.
By Jim Lobe*
WASHINGTON - As leaders from around the globe begin gathering in New York City for the annual opening of the U.N. General Assembly (UNGA), Republican lawmakers in Washington are calling for a major overhaul of the world body that would almost certainly result in huge cuts to its budget and operations.
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TRADE
Southern Africa Has its Work Cut Out
By Servaas van den Bosch
CAPE TOWN - Southern Africa has moved forward with regional economic integration, but challenges remain, say trade experts.
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Aid is one part of the FfD agenda and civil society is mobilising to build up pressure to make it better. The new aid buzzwords are effectiveness, quality, ownership and harmonisation. In 2008, we witnessed the review of the new aid architecture agreed by donors in Paris in 2005. Accra hosted the aid effectiveness assessment in September 2008. From November 29 through December 2, Doha hosted the Follow-up International Conference on Financing for Development to review the Monterrey Consensus. In Doha, it was decided that the U.N. would hold a conference on the global financial crisis and its impact on development. The time and place is yet to be announced.

Terraviva
The South Speaks Out
Financial Meltdown

Women's Development and Environment Organisation
Civicus - World Alliance for Citizen Partnership
The Reality of Aid
UN Economic and Social Council - ECOSOC
Financing for Development
Better Aid
IPS is not responsible for the content of external sites
News in RSS
WOMEN'S HEALTH - A SMART INVESTMENT IN TROUBLED TIMES
    by Thoraya Ahmed Obaid
POOR COUNTRIES RAILROADED INTO WEAK COMPROMISE AT UN FINANCIAL SUMMIT
    by Sylvia Borren
INDIA: PUSHING FOR CHANGE
    by Syeda Hameed
DEVELOPMENT FINANCING CONFERENCE: THE INEQUALITY-POVERTY NEXUS
    by Cecilia Alemany and Anne Schoenstein
A LIFE FREE OF VIOLENCE IS EVERY WOMAN'S RIGHT
    by Nicole Kidman
FINANCING GENDER EQUALITY: A CRITICAL DEVELOPMENT CHALLENGE
    by Ines Alberdi

25 February - 7 March
Commission on the Status of Women

April 20-25
UNCTAD XII - Accra, Ghana

June 12-13
Development Cooperation Forum, Stakeholder pre-meeting - Rome, Italy

June 18-21
CIVICUS 8th World Assembly - Glasgow, Scotland

July 2-3
First Biennial Development Cooperation Forum - New York

Aug 31-Sep 1
CSO Forum on Aid Effectiveness - Accra

September 2-4
3rd High Level Conference on Aid Effectiveness - Accra

Nov 29-Dec 2
Follow-up International Conference on Financing for Development to Review the Monterrey Consensus - Doha, Qatar.

This page includes independent IPS news coverage which is part of a partnership with UNIFEM to mainstream gender in reporting about Financing for Development