Recognizing the need for new and additional resources to finance the development programmes of developing countries,

UNDP is approaching development partners to mobilize additional resources for the capacity development programme.

(a) Enhancing support for development financing

Financing Energy Development The Challenges and Requirements of Developing Countries (1995)

Indirect assistance to mobilizing finance for development

At the same time, his delegation was concerned at the decline in official development assistance for funding long term development activities.

In the first place, they help finance development through programmes in developing countries.

While ODA is an important source of financing for development, aid alone cannot ensure sustainable development over the long term.

International assistance is a key investment in human development.

. has knowledge of resource flows to support development activities.

Sources OECD, statistical annex to 2004 Development Cooperation Report (net ODA receipts, ODA GNI) UNCTAD, Handbook of Statistics, 2004 (exports of merchandise) World Bank, World Development Indicators 2005 (external debt, GDP).

Financing the participation of developing country experts in UNCTAD expert meetings

For the financing of development and the achievement of the MDGs, quality of aid is as important as its quantity.

48. There could be no justification for any failure on the part of the developed countries to fulfil their obligations with respect to ODA the latter was a vital source of external funding for developing countries.

Innovative sources of capital can also contribute to the global development effort.

Furthermore, aid must be untied, ODA should be geared towards supporting national development priorities, while innovative and additional sources of financing for development were worth exploring.

China wished to encourage the agencies of the United Nations development system to increase development resources and to formulate financing strategies and specific programmes which would help developing countries to meet their financing needs for achieving the Goals.

The plan foresees an expansion of UNCDF investments and technical support to least developed countries in areas of local development and microfinance, thus supporting an increased number of least developed countries in achieving the MDGs by 2015.

Financing the participation of developing country experts in UNCTAD expert meetings 27

Landlocked developing countries therefore needed an increase in ODA and FDI.

Such resources should be used to finance the development programmes of developing countries.

Australia supported an integrated approach to development financing which mobilized domestic resources, facilitated FDI, pursued trade liberalization and increased effective ODA.

Aid is also used to finance development projects or to fund governmental balance of payments and budgetary requirements.

11. Urges States and funding agencies to review, as appropriate, their funding policies for development assistance and to include a crime prevention and criminal justice component in such assistance

Another important issue was the need for innovative financing mechanisms to provide additional funds and technical assistance for developing countries to help realize the Millennium Development Goals.

14. Urges States and funding agencies to review, as appropriate, their funding policies for development assistance and to include a crime prevention and criminal justice component in such assistance

The international financing facility and ODA went hand in hand.

Innovative mechanisms for development financing should be explored, but must never replace ODA.

Private sector Currently, private investment flows to developing countries are five times greater than ODA.

While there had been an increased emphasis on foreign direct investment (FDI), it was important to remember that official development assistance (ODA) was the principal source of development financing for most developing countries.

66. Official development assistance is a small proportion of a country apos s total resources for development, but is a significant source of external resources for many developing countries, particularly African countries and the least developed countries.

Development assistance was a source of financing in countries whose capacity to mobilize resources from the capital market and foreign direct investment was constrained by their low level of development.

The programme is funded by the Inter American Development Bank and implemented by the Government with the assistance of UNDP.

To mobilize resources and support for both immediate assistance and the long term economic development of the Sudan

The Government of the Netherlands also made a contribution to the trust fund for the developing countries.

It was therefore regrettable that extrabudgetary funding and overall development aid had declined.

9. Recognizes the continuing use of official development assistance also for industrial development in the developing countries, and calls upon donor countries and recipient countries to continue to cooperate in their efforts to achieve greater efficiency and effectiveness of official development assistance resources devoted to industrial development cooperation

8. Calls upon States to review funding policies for development assistance, so as to include crime prevention and criminal justice in such assistance

(i) Mobilization of resources and financing of development debt reduction, internal resources, additional external resources and partnership

No one could deny that for most developing countries, aid was an investment in development, not just a transfer of financial resources.

30. A way must be found to stem the decline in ODA and core resources for United Nations development activities.

9. Urges States and funding agencies to review, as appropriate, their funding policies for development assistance and to include a crime prevention and criminal justice component in such assistance

10. Urges States and funding agencies to review, as appropriate, their funding policies for development assistance and to include a crime prevention and criminal justice component in such assistance

10. Urges States and funding agencies to review, as appropriate, their funding policies for development assistance and to include a crime prevention and criminal justice component in such assistance

11. Urges States and funding agencies to review, as appropriate, their funding policies for development assistance and to include a crime prevention and criminal justice component in such assistance