ENB:05:60 [Next] . [Previous] . [Contents]

IN THE CORRIDORS

Co-Chair Amorim’s attempts to nudge delegations beyond declaratory commitments on financing Agenda 21 have been warmly received by some NGOs. Observers note that globalization, trade liberalization and the “grim” and unsustainable direction of the much touted increase in FDI in a limited number of developing countries underline the need for serious efforts to innovate financial measures. They are concerned that, to date, funding has been a failed issue, at the CSD. Co-Chair Amorim has expressed interest in the NGO proposal for a global forum on finance, while others place their hopes in a positive outcome from the GEF replenishment negotiations this year and more concrete commitments on the ODA target of 0.7% of GNP.