Intergovernmental Authority on Development

IGAD Intergovernmental Authority on Development

IGAD Intergovernmental Authority on Development

Item 5 United Nations Capital Development Fund

Item 5 United Nations Capital Development Fund

Intergovernmental Authority on Development, Khartoum, January 2004.

The Working Capital Fund shall be constituted by advances from States Parties, International Organizations and the International Seabed Authority.

It supports the development of the microenterprise and small scale business sector by providing working capital and capital investment loan products.

Innovative sources of capital can also contribute to the global development effort.

There are a number of development oriented venture capital funds, and there has also been a trend among international and national development finance institutions to set up venture capital funds in developing countries.

2005 5 Options for a future business model for the United Nations Capital Development Fund

2005 5 Options for a future business model for the United Nations Capital Development Fund

The Inter American Development Bank has sponsored events on social capital, ethics and volunteerism for development in Brazil, Chile, Peru and Uruguay.

The Intergovernmental Authority on Development (IGAD) had provided assistance to the Transitional Federal Government.

The Palestinian Authority bears a major responsibility for achieving positive political and economic development.

Development of capital markets needs to be supported through a series of reforms at various levels.

National Governments may also be able to enhance local authorities' direct access to capital markets, domestic and international, by granting authority to municipalities to issue infrastructure bonds.

Palestinian National Authority, Ministry of Planning (February 2005), Medium Term Development Plan 2005 2007 , draft.

This comprises five separate projects overcoming market failures and providing public goods poverty alleviation through industrial development challenges for SME development operationalizing social capital and technological development for sustainable industrialization.

There is thus also a need to foster day to day growth of the informal sector through entrepreneurship development, infrastructure development and provision of capital.

This requires significantly increased investments in human capital and development oriented infrastructure, such as energy, transport and communications.

However, domestic capital market development requires wide ranging reform and achieving coherence between the policies is not easy.

Both private capital flows and workers' remittances constitute important sources of development finance for Africa as a whole.

PARIS The United States is widely recognized as possessing the deepest, most liquid, and most efficient capital markets in the world. America s financial system supports efficient capital allocation, economic development, and job creation.

The latter regions have more than substituted for the decline in natural capital by accumulating other capital assets. In other words, during the past three decades the rich world seems to have enjoyed sustainable development, while development in the poor world (barring China) has been unsustainable.

Welcoming the successful conclusion of the peace process for Somalia, led by the Intergovernmental Authority on Development,

The airport project and road development together will account for 82.6 per cent of total capital spending in 2004.

(2) if the land is evaluated and contributed to form shares, the enterprise shall convert the payable land assignment fee into national capital, t which shall be held by the entity holding the government capital before the reorganization or by the entity assigned by the competent authority of finance

The goal of the United Nations Capital Development Fund (UNCDF) is to help reduce poverty and achieve the Millennium Development Goals (MDGs) in the least developed countries (LDCs).

The midterm (2003 2005) programme of social and economic development of the Russian Federation promotes the development of human capital through social services for people of different ages.

Accordingly, there is a need for a development policy that focuses on reconstruction, builds up physical and human capital for development and emphasizes institutional modernization for greater efficiency.

Moreover, political instability has focused development efforts on stabilization, drawing resources away from social and economic capital into political capital , in order to attain greater political stability, which may have distorted income distribution and wealth.

The key is to reflect on six kinds of capital goods business capital, infrastructure, human capital, intellectual capital, natural capital, and social capital. All of these are productive, but each has a distinctive role.

The Forestry Development Authority has asked UNMIL for assistance in implementing a pit sawing management and monitoring system.

Remittances improve countries' ability to finance development objectives, the foremost of which are poverty reduction and improvement of human capital.

Private capital flows have come to play the dominant role in development finance, eclipsing both official bilateral and multilateral flows.

Continuation of the government road improvement programme is the second priority of the capital budget (after development of the airport).

As we continue to invest in development of our human capital, HIV AIDS continues to eat away at those investments.

The United Nations Capital Development Fund has taken a number of measures to ensure the financial integrity of the Fund.

Many Governments in all regions are paying serious attention to the significance of the capital market in the economic development process.

Those remittances by emigrants now constitute the second largest source of capital for developing countries and even exceed official development assistance.

An initiative promoted by the United Nations Capital Development Fund and the Department of Economic and Social Affairs of the Secretariat.

Another 47 million will be transferred to the Biomedical Advanced Research and Development Authority, which supports the development of drugs and vaccines to respond to public health emergencies.

The United Nations Capital Development Fund continued to strengthen and refine its programmes to provide greater support to the needs of least developed countries in meeting the Millennium Development Goals through its local development and microfinance programmes.

Clearly, there is a need to deepen capital markets in Africa in order to utilize global savings for the continent's development needs.