[asia-apec 1150] Financing for Development Status Report

[UN-NGLS (NY Office)]

We are forwarding the following update from the Secretariat regarding
the final financing for development process.  If you do not have
internet access, contact NGLS for a copy of the final document.  
_________________________________________________________

Date: Thu, 03 Jun 1999 10:46:06 -0400 
From: gleckman at un.org
Subject: Financing for Development : Status report of 2 June 1999


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 nine page report of the working group and its 
annex is available on the FfD website (www.un.org/esa/analysis/ffd)
along with 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.