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International
Conference on Financing for Development
New York, USA; 15 - 19 October 2001 |
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The EU suggested separating principles from concrete initiatives. Boosting entrepreneurship is paramount, he said, but the text should have a pro-poor orientation and consider rights in the workplace. In paragraph 12, he said a true partnership encompassing all aspects of development and financing had to be more than just a bargain of certain policies in exchange for ODA | ||||||||||||
Edouard Aho-Glele, Benin, proposed that the FfD form a "mechanism" for mobilizing resources for LDCs |
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Rhoda Jackson, Bahamas, on behalf of CARICOM, said that FDI is concentrated in a small number of countries and that creating enabling environments is necessary but not sufficient for ensuring FDI. She called for creating more investment agreements, arrangements for smaller economies, and government offices to facilitate investment | ||||||||||||
Eddy Lee, ILO, highlighted sound industrial relations that respect human rights, raise productivity and reduce poverty, and supported references to social security, pension schemes and workers' rights |
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Karl Sauvant, The UN Conference on Trade and Development (UNCTAD), proposed the UN create an ongoing forum to discuss FDI flows to developing countries, examine obstacles and best practices and minimize negative impacts |
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The World Bank proposed discussion to clarify the role of private capital flows, and stressed the necessity of a good climate to attract FDI. At the national level, he encouraged "bridge-building" to help lubricate private capital and advocated investments "at home" that contribute to growth in a socially meaningful way | ||||||||||||
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Tetyana Anischuk, Ukraine,addressed FDI in facilitating transitions to a market economy and called for a separate paragraph reflecting the specific needs of countries in transition | ||||||||||||
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Régis
Avanthay, Switzerland,
identified section two as a crucial pillar of the FfD process, and
in paragraph 8 proposed, inter
alia: adding reference to medium-term frameworks, strengthening
budget management capabilities and tax structure simplification; and
including language on investment in infrastructure
Switzerland supported public-private partnerships to boost technology transfer and competition, and said ODA should serve as "leverage" complementing other financial flows |
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Mario Rietti, Honduras, advocated linking the FfD process to the World Summit on Sustainable Development, proposed inviting regional development bank representatives to participate in the Conference, supported incentives for sustainable financial reform, and stressed transparency and ethics |
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Erwin Ortiz, Bolivia, said that implementation requires follow-up to the Conference and called for a political statement that defines such machinery |
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