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WDEV Dossier: From Accra to NYC to Doha
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It's not only about money
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2008 is a critical year for evaluating how aid is helping tackle global poverty and inequality. The Doha conference on Financing for Development at the end of the year will review how well the world has done in its global response to confronting the challenges of financing for development agreed in Monterrey in 2002. Donor credibility is on the line as the world waits to be convinced that they will deliver on their many promises made to both increase aid and make it more effective. Lucy Hayes reports >>> more
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More on the Financing for Development process
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A Turning Point for Aid, Yet Which Direction? Northern and Southern governments meeting in Accra, Ghana on 2-4 September further defined how they intend to improve the effectiveness of aid by 2010. The true depth of reforms to come will reveal whether aid will finally be used as an instrument for justice, or whether more of the same failed aid, simply polished around the edges, will signal the beginning of the end of the international aid system.
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Quality of Aid: It's the Donors, Stupid! International aid is necessary for the achievement of the Millennium Development Goals (MDGs). Just increasing aid, however, is of limited relevance, if it is not used effectively. A lot of ODA is not spent well because of donor practices - not because of recipient's corruption or incompetence.
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From Accra to New York to Doha Alliance2015 has just published its fifth 2015-Watch. This year's report addresses the question of whether Europe is on track to fulfil its MDG commitments. It analyses in considerable detail the extent to which the programming of European Commission (EC) aid is directed towards the achievement of the MDGs, and it finds a strong legal and policy framework, but much to be done on programming and implementation.
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Using SWFs for Self-Financing Development? A remarkable feature of the international financial system in the last decade has been the rapid and vast accumulation of foreign-exchange reserves by developing countries. World foreign reserves tripled from $2.1trillion in December 2001 to an unprecedented $6.5trillion in early 2008.
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New Climate Change Funds: Hurry Leads to Flurry Northern donor countries in the last 18 months have pledged billions of dollars in new financial commitments to fight climate change. While the provision of new financial resources is commendable, even if long overdue, the question arises if in the rush to do good the donor governments have really done well.
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UNCTAD Warns Africa to Overestimate Export Boom Weak supply capacity - that is, a limited ability to produce the quantity and quality of goods required to respond to global demand for those goods - is the main obstacle to improved export performance in Africa, and explains why the continent has lost market share from 6% of world exports in 1980 to about 3% in 2007.
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