South South cooperation must complement North South cooperation and be given additional financial resources.

Objective Initiate and participate with IFAD in a process of multi source, multi channel financing in the form of cofinancing (joint or parallel, as appropriate) of projects, programmes and investment packages related to NAPs.

South South sharing of experience and information could be a factor in shaping national strategies, and where regional action was necessary cooperation could involve technical cooperation and financing of projects.

To deal with the recurring problem of funding for South South cooperation, the Second South Summit called for strengthening of the Voluntary Trust Fund for the Promotion of South South Cooperation and designated it as the main multilateral funding mechanism for South South cooperation.

It also welcomed the operation of the Global Environment Facility as an effective financing mechanism.

23 Transfer of Financial Assets.

New approaches to financing the international development cooperation activities undertaken by the United Nations, including innovative funding sources, should continue to be examined.

Women for Integration

While the experience of international financing institutions demonstrates the effectiveness of this approach in resource mobilization, consortia are associated with certain problems and constraints that affect their efficiency and tax the capacity of the recipient country in coordinating the policies and modus operandi of cofinanciers.

Changes will allow cooperatives access to alternative means of financing, including raising capital from non members while maintaining cooperative principles such as democratic control by members.

In some cases, the government may decide to turn to one specific financing institution to facilitate the cooperation of several sources of financing, and these financing institutions may agree to one of them taking the lead in assisting the government in this regard.

(g) Promoting and strengthening micro financing policies and programmes, cooperatives and other employment opportunities

The global programme will work with the United Nations Capital Development Fund (UNCDF) to expand inclusive financial sectors that serve the poor.

Efficient technical and financial cooperation among developing countries, international institutions and developed countries is one of the requirements of financing for development.

(2)The official written documents on risk management or investment strategies of the enterprise concerned have recorded that the combination of said financial assets, the combination of said financial liabilities, or the combination of said financial assets and financial liabilities will be managed and evaluated on the basis of their fair values and be reported to the key management personnel.

Where the future cash flow or term of existence of a financial asset or financial liability cannot be predicted reliably, the contractual cash flow of the financial asset or financial liability for the whole term of the contract shall be taken into account.

The FIU collaborates with domestic financial sector regulators to supervise financial institutions in accordance with the Money Laundering and Financing of Terrorism (Prevention and Control) Act, Cap.

The Financial Action Task Force (FATF) has articulated the comprehensive anti money laundering and counterterrorist financing standards that serve as the base upon which the international framework is built, and the United Nations has been particularly important in establishing the international framework for freezing terrorist assets.

Evaluation of the work and results regarding forwarding to employment and socio economic integration or re integration of beneficiaries.

It was stated that efforts to leverage financing through cooperation with international financial institutions should continue.

This coordination is essential to ensure greater effectiveness of international cooperation, particularly with regard to financing for development.

The international financial institutions should consider thus the creation of specific financing mechanisms to support cooperation of that kind.

B. South South monetary and financial cooperation

The IFC offers a mix of financing that is tailored to meet the needs of each project.

Consequently, we must turn to multilateral financial institutions, seek foreign capital investments and the cooperation of developed countries' governmental agencies.

Or the deposits can be investments in D.E. Shaw s funds and the loans can be the complex derivatives that make up D.E. Shaw s portfolio.

UNCDF with over 20 years experience in microfinance and microfinance projects in over 40 countries 75 percent of which are in Africa.

C. The concept of project finance

South South sharing of experience and information could be a factor in shaping national strategies, and where regional action was necessary, cooperation could involve technical cooperation and financing of projects.

Article 24When an enterprise becomes a party to a financial instrument, it shall recognize a financial asset or financial liability.

Can public private partnership address effectively finance related matters within the framework of South South cooperation?

Her delegation looked forward with interest to the session which the Working Group on International Contract Practices would be devoting to the development of rules for assignment in receivables financing.

The premier international body focused on combating money laundering and terrorist financing is the Financial Action Task Force (FATF).

38. The Nordic countries welcomed the work of the Working Group on International Contract Practices and the preparation by that body of a draft Convention on Assignment in Receivables Financing.

Section 5 Securities Lending and Borrowing Business

Such a strategy is already being adopted with the establishment of a funding facility for tsunami recovery within the Voluntary Trust Fund for South South Cooperation.

Trade finance work by the two organizations is coordinated.

3. International financial cooperation for development

(c) Mobilization of domestic and foreign direct investment in Africa through investment and technology promotion activities and cooperation with other United Nations agencies and financial institutions

H. Financing

Also, as a clearing house of information, the United Nations should strive to further advertise and disseminate funding opportunities that were available.

Worked with the Financial Action task Force (FATF) to assess the potential technical assistance needs of key countries to help these comply with the FATF eight special recommendations on terrorist financing.

The upgraded Fund, with both the loan and grant facilities, could become operational in early 2006 with the pledges received to date.

UNCDF has implemented microfinance projects through a variety of partners, ranging from state owned financial institutions to credit unions and non governmental organizations.

He therefore welcomed the initiative to convene a South South conference on cooperation in trade, investment and finance, to be held in San José, Costa Rica, in January 1997.