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Briefing Note on Meeting of Ad Hoc Working Group
for Financing for Development ConsultationBy Laura Ivers
International Institute for Sustainable Development (IISD)
February 12, 1999On 11 February 1999, the Ad Hoc Open Ended Working Group on Financing for Development (FFD) held its third meeting to determine its programme of work. Vice-Chair Ernst Sucharipa (Austria) summarized country opinions as to how the Working Group should proceed, and proposed that the Working Group proceed with informal discussions based on the eight key elements and themes contained in A/53/470. He suggested that these informal discussions be held in two sessions addressing four topics.
The first cluster of topics, to be held from 15-19 March 1999, would address: mobilization of domestic resources for development; mobilization of international private financial flows for development; international financial cooperation for development; and external debt.
The second set of topics, to be held 6-10 April 1999, would address: financing for development and trade; innovative sources of financing; governance of the international monetary, financial and trade systems; and the interrelationship between major elements and other special topics.
These informal meetings are to be followed by formal meeting beginning on 3 May 1999 with a view to drawing conclusions to fulfill the mandate of the Working Group.
The EU supported this programme of work. Guyana, on behalf of the G-77/China, said the interconnectedness of the eight topics must be remembered in informal discussions and asked how stakeholders would be involved in this process. Sucharipa said the process would necessitate flexibility and suggested involving stakeholders through panel discussions.
The US agreed with the proposed work schedule and called for as much transparency as possible in the informal discussions. The schedule was accepted subject to final approval from the G-77/China.
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