Development Finance International
November 12: South-South Cooperation and Mutual Accountability
At a symposium in Vienna to prepare the 2010 UN Development Cooperation Forum, more than 180 international aid experts discussed how best to promote mutual accountability for aid effectiveness and results, and how to monitor and analyse the results of South-South cooperation. DFI prepared background analytical studies on mutual accountability and South-South-cooperation for the meeting. To access other documents relating to the meeting please click here.
November 9-11: Key Lessons on Debt Strategy
DFI gave a keynote presentation at the 2009 UNCTAD Debt Management Conference in Geneva on why transparent debt strategies are essential. how to formulate and implement them, and what has been achieved so far in this field. To see the presentation, please click here.
HIPC Ministers Meet in Istanbul
The last meeting of the HIPC Ministerial Forum took place in Istanbul on 3 October followed by a press conference on 4 October. This meeting focused on debt sustainability and the MDGs,climate change finance, and future plans for debt strategy capacity-building. To access the background paper click here and for the Ministers’ communiqué please click here.
G20 Consults LICs
At its March meeting in London, the G20 asked Gordon Brown, in his capacity as Chair of the G20, to review the flexibility and adaptability of the IFIs to promote global growth. As part of this review, DFID asked DFI to conduct a consultation of LIC Ministers of Finance, and ODI a web-based consultation of other stakeholders from LICs. Please see the communiqués of LIC Ministers meetings in Freetown and London. For the wider stakeholder consultation, please click here. For Gordon Brown’s report on the IFIs please click here.
Implications of the Global Financial Crisis for LICs—An Update (IMF)
According to an IMF report, a sharp contraction in export growth, FDI inflows, and remittances means economic growth this year is projected to be less than half its pre-crisis level.The risks to the financial sector from a domestic economic slowdown are a concern and have to be closely monitored. But growth is expected to rebound in 2010 in line with the global recovery, as rising world demand and improved access to foreign capital enable private sector growth.
