7. Emphasizes in this regard that debt relief does not replace other sources of financing

7. Emphasizes in this regard that debt relief does not replace other sources of financing

In addition to estimating financing gaps and identifying the sources of financing (including different scenarios of debt rescheduling), DSA includes an analysis of debt dynamics to determine the stability of debt to GDP or debt to government revenue ratios.

Innovative sources of financing

II. SOURCES OF FINANCING

Innovative sources of financing

6. Innovative sources of financing

We support the movement towards debt forgiveness, and we also believe in the creative identification of alternative sources of financing aid for development.

What other sources of financing are there?

II. SOURCES OF FINANCING 3 9 2

We welcome additional proposals for innovative sources of financing and the recent agreement by Ministers of Finance of the Group of Eight on multilateral debt relief.

In addition, new and innovative sources of financing, including the International Finance Facility, and debt conversion for the implementation of MDG projects should be strongly encouraged.

The value of innovative sources of financing for development had been recognized and agreement had been reached on considering additional measures to ensure long term debt sustainability through increased grant based financing, cancellation of the official multilateral and bilateral debt of Heavily Indebted Poor Countries, and debt relief or restructuring for low income and middle income developing countries with unsustainable debt burdens.

And thirdly, what are the sources of financing?

Domestic resource mobilization, including innovative sources of financing

IV. Foreign debt, expansion of grant financing

Of course, the various components of debt differ considerably in their character and sources of financing and thus in their sustainability. But all parts of a country s total debt and how it is financed are interconnected.

The three sub themes were (i) Policies and strategies (ii) Trade, investment and private flows and (iii) Official development assistance (ODA), innovative sources of financing and debt.

Recognizing, in this regard, the value of developing innovative sources of financing from various sources on a public, private, domestic and external basis to increase and supplement traditional sources of financing,

Recognizing, in this regard, the value of developing innovative sources of financing from various sources, on a public, private, domestic and external basis, to increase and supplement traditional sources of financing,

Recognizing, in this regard, the value of developing innovative sources of financing from various sources on a public, private, domestic and external basis to increase and supplement traditional sources of financing,

Official development assistance, innovative sources of finance and debt

Several participants supported innovative sources of financing for development.

(d) The financing sources of AIJ are often described in detail.

In particular, financing mechanisms at the regional level could reduce the dependence of developing countries on external financing sources.

The various sources of financing for development could be complementary, particularly the international financing facility and the global tax.

Pakistan had emphasized the need to explore financing through innovative means in addition to the conventional sources of financing.

Sub theme 3 Official development assistance, innovative sources of finance and debt

For this they will need to turn to multiple sources of financing.

Likewise, we endorse the Declaration on innovative sources of financing for development.

For the longer term, other innovative sources of financing must be considered.

In view of such requirements, new sources of financing should be envisaged.

(v) Identification of a feasible debt financing instrument and securitisation and

The idea of new and innovative sources of financing permeated a large number of the interventions on official development financing.

Developing countries also had to be given debt relief, including grant based financing and 100 per cent debt cancellation.

In addition, the summit recognized the value of developing innovative sources of financing.

We need to address other sources of financing for development, most importantly trade.

Seventh, there has been rapid progress in terms of innovative sources of financing.

40. Specific examples of innovative sources of financing were included in the replies.

Local bond markets provide alternative sources of financing for companies and Governments, which avoid exchange rate risks inherent to foreign financing.

Adequate and predictable sources of financing are crucial for the success of development efforts.

The conference also adopted practical recommendations for drying up the sources of financing terrorism.

Unfortunately, there was a lack of political will to mobilize sources of financing effectively.

In this regard, Croatia supports the Declaration on Innovative Sources of Financing for Development.

It is also urgent to find innovative and additional sources of financing for development.