Accountability for results in this area rests with the UNCDF Microfinance Unit. Some highlights

Net cash from investing and financing

. Negotiations are under way between the Government of Colombia and IDB for a major loan to finance alternative development activities.

59 246. Role of microcredit and microfinance in the eradication of poverty

61 214. Role of microcredit and microfinance in the eradication of poverty

Recognizing the need for access to financial services, in particular for the poor, including access to microcredit and microfinance,

Mozambique an expansion into phase 2, with an additional province and a new central (policy) component, including additional co financing from Ireland and Switzerland, beyond continuing commitments from the Netherlands and Norway.

Individuals, banks, and financial trade institutions should be legally responsible to make reports on the transfer of large amounts of cash and financial documents overseas.

(i) We recognize the need for access to financial services, in particular for the poor, including through microfinance and microcredit.

America depends on China s trade surplus and savings to finance its outsize budget deficits, while China relies on its huge exports to the US to sustain its economic growth and finance its military modernization. By plowing more than two thirds of its mammoth foreign currency reserves into US dollar denominated assets, China has gained significant political leverage.

In its resolution 59 246 on the role of microcredit and microfinance in the eradication of poverty, the General Assembly recognized that microcredit and microfinance programmes have led to the growing participation of women in the mainstream economic and political processes of society, as well as the need to create inclusive financial sectors in order to facilitate access for people living in poverty, especially women, to microcredit and microfinance.

The enormous potential of microfinance and microcredit can be fully realized in combination with other interventions such as social protection programmes, wage employment schemes, and education and training, and as part of a broader poverty eradication strategy.

Suddenly, the world turned upside down rich countries were running large deficits and, in some cases, tipping from net creditor status to net indebtedness, while poor countries were running surpluses and accumulating large stocks of external assets, including financial claims on Western economies.

Article 13The post amortization cost of a financial asset or financial liability refers to the following result after adjustment of the initially recognized amount of the financial asset or financial liability

The funds programmed for the region as substantial as they are will be sufficient only to begin the process.

At the same time, high levels of investment will continue to be required to enable the implementation of the reconstruction and development programme.

It is proposed that the upgraded Fund include a grant element with a view to achieving an overall target of 500 million that would comprise the current revolving facility of 50 million and a grant facility with an eventual target of 450 million.

Financial Fair Play rules launched by UEFA in 2011 mean that PSG will eventually have to show that Neymar's transfer was funded without incurring huge losses.

And it's only a few months since governments injected enormous sums of money to try and keep the whole system afloat.

Recognizing further that the majority of the world's poor still do not have access to financial services and that microcredit and microfinance are the subject of significant demand worldwide,

The gap between the post amortization cost of the financial asset and the amount on the maturity date shall also be amortized within the remaining period of the said financial asset by adopting the actual interest rate method and be recorded into the profits and losses of the current period.

It's about a large purchase you made.

7. Recognizes the need to improve the capacities and modalities of the international monetary and development finance institutions to prevent, and to respond in a timely and effective manner to, crises induced by large scale capital movements

Table 5 Performance by outcome indicator sub goal 2 Microfinance

10. In West Asia, which had been a source of substantial financial transfers to the rest of the world in the 1970s, recent years have been a time of significant resources inflows.

2. Emphasizes that the observance of 2005 as the International Year of Microcredit will provide a significant opportunity to raise awareness of the importance of microcredit and microfinance in the eradication of poverty, to share good practices and to further enhance financial sector developments that support sustainable pro poor financial services in all countries

Bearing in mind the importance of microfinance instruments, such as credit, savings and other financial products and services, in providing access to capital for people living in poverty,

Bearing in mind the importance of microfinance instruments, such as credit, savings and other financial products and services, in providing access to capital for people living in poverty,

UNCDF has identified the integration of microfinance into the formal financial sector as an effective means of contributing on a sustainable basis to poverty reduction and the achievement of the MDGs.

UNCDF has committed over US 70 million in micro finance.

for other categories of financial assets and financial liabilities, the transaction expenses thereof shall be included into the initially recognized amount.

The report calls for co financing of MDG based investment, and concludes that aid financed infrastructure development and human capital investments can make a vast difference in promoting investments, especially FDI.

Who s Afraid of the Big Bad Debt?

On a charge for grand larceny...

The amount of the financing will be based in part on the creditor's estimate of the net realizable value of the assets to be encumbered.

Speakers stressed that capital flight in the form of undeclared funds transfers cost world Governments vast amounts in lost tax revenues.

Microfinance in poverty reduction challenges in Asia and the Pacific

During the period under review, significant progress was made in establishing a slum upgrading facility.

The production of high quality forest products for international markets can require significant investment in advanced technology.

A peacebuilding strategy that does not take those interlocking factors into account would obviously be a tremendous waste of resources.

29. There is also the question of whether donor countries would be willing to finance the major investment that such a comprehensive strategy implies.

Performance analysis for sub goal 2 Microfinance

Microfinance and microcredit can be a powerful tool for increasing production, growth and poverty eradication.

Total expenditure for the microfinance sub goal was 17 per cent, with the upward trend in terms of share in total UNCDF expenditure expected to continue in 2005.

Because it brought in enormous amounts of money.