Providing adequate financial resources to developing countries

Description

Providing adequate financial resources to developing countries involves mobilizing and directing funds—through grants, loans, investments, and debt relief—to support sustainable development, poverty reduction, and infrastructure improvement. This strategy addresses resource gaps that hinder economic growth and social progress, enabling countries to implement essential projects, strengthen institutions, and respond to emergencies. Effective financial support is targeted, transparent, and coordinated to maximize impact, foster self-reliance, and remedy disparities in global development opportunities.

Context

This strategy features in the framework of Agenda 21 as formulated at UNCED (Rio de Janeiro, 1992), now coordinated by the United Nations Commission on Sustainable Development and implemented through national and local authorities.

Implementation

In 2000, the 0.7 percent target for development assistance has not been met. National development assistance from developed countries averages around 0.25 percent.