They have to accelerate and increase the flows of ODA and foreign direct investment.

The figures for ODA are based on concessional transfers with grant equivalence of 25 per cent of nominal flows.

The proposed International Finance Facility has the potential to do this by front loading future flows of ODA while still using existing disbursement channels.

The developed countries should increase the quantity and quality of ODA flows to the least developed countries and support their national development strategies and programmes.

The linkage between ODA and productivity and growth must be re established, and ODA should be used to supplement the resources available for investment and supply capacity and not just to solve immediate problems of cash flows or social security safety nets.

(b) urge developed countries that have not yet done so to raise ODA flows to meet the internationally agreed targets for ODA of 0.7 percent of GNP to developing countries and 0.15 per cent to 0.20 per cent of GNP to least developed countries

The declining flows of ODA to the forest sector need to be addressed by focusing on the contribution that forests can make to achieving internationally agreed development goals.

First, debt relief arrangements should seek to avoid imposing any unfair burdens on other developing countries and secondly, resources made available for debt relief should not detract from ODA flows.

We therefore reaffirm the need for the international community, especially donors, to provide sufficient official development assistance (ODA) and to facilitate increased foreign direct investment flows to landlocked developing countries.

Important steps have been taken by the European Union on official development assistance (ODA) timetables, and by the Group of Eight on debt, which should have a significant impact on resource flows.

The ECLAC region has suffered from decrease in ODA, capital flows and foreign direct investment levels, and that region's average debt to export ratio (over 1.5) is higher than any other developing region.

Of special significance was the recognition that increased official development assistance (ODA) flows and the removal of trade barriers were necessary if developing countries were ever to achieve the Millennium Development Goals (MDGs).

Likewise, the issue of swapping one financial obligation for another under the HIPC Initiative raises the question of additionality of aid flows, as debt relief is included in the donor accounting of official development assistance (ODA).

Official Development Assistance (ODA)

Deregulated and open financial markets would not only increase the availability of investment finance both domestic and foreign, it would also help create a more stable and disciplined investment climate, and free deficit countries from the unpredictable politics of ODA flows.

use ODA as a leverage for investments from private sources secure ODA for human and institutional capacity building

I believe that, in order to ensure that the political will to achieve the target continues to be strengthened and that the momentum generated is not lost, it is time to establish an effective mechanism to monitor official development assistance (ODA) flows.

On the contrary, ODA has declined.

The recent commitments on official development assistance (ODA) were widely welcomed, including the commitment to double ODA to Africa and the commitments by many donors to reach the target of 0.7 per cent in ODA.

Recently agreed initiatives, such as the European Union's meeting the 0.7 per cent ODA target by 2010 and the G8 debt relief initiatives, could only be of real value if they resulted in additional resource flows, respected national development priorities and were provided without conditionality.

The immediate result was a 5 per cent increase in ODA in 2002 and total ODA further increased to 68.6 billion in 2003.

Despite recent signs of improvement in overall levels of ODA, not all the channels through which ODA is transmitted have performed equally well.

With respect to official development assistance (ODA), the trend has been towards an increase in the volume of ODA to Africa since 2002.

ODA has remained far below the 0.7 per cent target, agreed 35 years ago, and ODA quality is also a matter of concern.

Capital flows

In that context, we appeal to the international community, especially the donor countries and agencies, to increase official development assistance (ODA) and to facilitate greater flows of foreign direct investment to the landlocked developing countries, so as to enable us to meet our special development needs.

The international environment had not been enabling since ODA remained far below the target of 0.7 per cent, the net outflow of capital had been from developing to developed countries since 1998, foreign direct investment flows were concentrated and developing countries were marginalized in global economic governance.

Innovative funding sources were a complement to ODA.

However, these flows tend to be more volatile than official flows and pro cyclical.

Over the last two decades a period when globalization opened up the world financial system private capital flows have contributed more to developing economies growth than has ODA. Indeed, in 2009, more than 1 trillion in private capital flowed to developing countries nine times more than total aid.

First, official development assistance (ODA) should be greatly increased.

Development of clear and transparent indicators, especially for ODA.

Why Capital Flows Uphill

This river flows rapidly.

Investment and private flows

Flows to Chile doubled.

financial flows for development.

Capital flows and remittances

Closely related to ODA is the issue of external debt.

Indeed, since coming into office my Government has tripled ODA.

Foster civil society energies with national programs and ODA efforts.

In that context, we asked for continued access to official development assistance (ODA), concessional financing arrangements, reduction of debt servicing and debt stock, access to private capital flows, the establishment of a normative and legal framework for foreign investment, improved access to markets and improved terms of trade for developing countries.

FDI flows in services between developing countries are growing faster than flows between developed and developing countries.

And Free Flows the Nile

The Seine flows through Paris.