What is the United Nations Financing For Development Process?
The United Nations (UN) Financing for Development (FfD) process seeks to address different forms of development financing and cooperation. As per the Monterrey Consensus it focuses on six key areas:
- Mobilizing domestic financial resources for development
- Mobilizing international resources for development: foreign direct investment and other private flows
- International trade as an engine for development
- Increasing international financial and technical cooperation for development
- External debt
- Addressing systemic issues: enhancing the coherence and consistency of the international monetary, financial and trading systems in support of development.