Global Policy Forum

By Harris Gleckman
DPAD/DESA Programme Officer

The Ad hoc Open-ended Working Group of the General Assembly on Financing for Development has successfully completed its work and made its recommendations on the scope, agenda and form of the 2001 high-level international inter-governmental forum on financing for development.

The report of the working group concludes :

We have an opportunity to begin the new millennium with a historic and goal oriented collective political gesture of global solidarity for development and practical commitment to achieving it. To be successful, ...the momentum that is building at the United Nations will have to be nurtured and made to include all our prospective partners. An inclusive and continuing preparatory process will increase awareness and build international support and participation, while it deepens the substance of the final event... (para. 20)

The working group recommended that the high-level intergovernmental event in the year 2001 address national, international and systemic issues relating to financing for development in a holistic manner in the context of globalization and interdependence. The Group's view was that by doing so the event will also address development through the perspective of finance.

The discussions of the working group which took place in informal and formal sessions were rich, intense, constructive and conducted in a positive and participatory spirit.

The FfD website has additional information on the latest developments.

The report itself will be considered by the General Assembly in October. During the General Assembly, delegations will discuss further how the preparatory process can engage effectively all relevant stakeholders and how to maintain the dynamic, open intergovernmental process.

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