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International Conference on Financing for Development, 2002

In: World Food Security

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  • D. John Shaw

Abstract

From its earliest days, the UN General Assembly and UN secretariat paid special attention to the financing of development in the developing countries, including a protracted attempt to establish a Special United Nations Fund for Economic Development (SUNFED) between 1949 and 1959, which did not succeed but which led to the creation of the International Development Association (IDA), the soft lending facility of the World Bank (Shaw, 2005a). The series of international conferences of the 1990s, culminating in the Millennium Summit and the MDGs in 2000, intensified the need to address again ways of financing development in the developing countries and the need for developed countries to increase their official development assistance. Responding to increasing pressure, an International Conference on Financing for Development was held in Monterrey, Mexico, between 18 and 22 March 2002. The meeting was attended by 50 heads of state or government, over 200 ministers, and leaders from the private sector and civil society, and senior officials from the major intergovernmental financial, trade, economic and monetary organizations (UN, 2002).

Suggested Citation

  • D. John Shaw, 2007. "International Conference on Financing for Development, 2002," Palgrave Macmillan Books, in: World Food Security, chapter 38, pages 369-374, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-58978-0_38
    DOI: 10.1057/9780230589780_38
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