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United Nations |
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Least Developed
Countries Conference 2001 On May 14, the DAC issued a press release to mark an agreement on untying aid to LDCs. If DAC donors actually put this agreement into practice (a big if), the agreement would mean that $5 billion of the $8 billion currently supplied by DAC donors in bilateral aid to LDCs, would be untied. Goods provided under tied aid are estimated to cost 20-25% more that if the same goods were procured through international competition.The 48 least developed countries currently receive just 17% of bilateral aid. Financing
for Development 2002 The conference will have three segments : a high level officials meeting, a ministerial segment where governments will be invited to send fully integrated delegations with representatives from all relevant national ministries, and a summit level segment. Full details of preparations for the FfD Summit, which is now expected to attract key heads of government, and the record of what was discussed at the Feb 2001 Prepcom (including Kofi Annan's report to the meeting, which lays out his views on what can be achieved) are on the FfD website : www.un.org/esa/ffd After months of FfD preparations appearing to be hung up on the issue of resources - with OECD and G77 countries having very different expectations - there is now cautious optimism that, with the engagement of the Bank and Fund in this UN process, some substantive progress may be possible. But the exact extent to which aid volume and issues such as global finance and trade architecture will be on the agenda. For info emails ffd@un.org World Assembly on Ageing
2002 Children's Summit Sept
2001
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