Finance plays a pivotal role in implementing the environmental, social and economic policies needed to attain the objectives of Agenda 21. It is also an area that presents immense challenges... Challenges such as these must be addressed and overcome...
The purpose of Finance for Sustainable Development: Testing New Policy Approaches is to contribute to this process.

It contains papers presented at the Fifth Expert Group Meeting on Finance for Sustainable Development, held in Nairobi, Kenya, 1-4 December 1999. Experts from national governments, academia, international and regional organizations, NGOs and the private sector presented and debated the papers in this volume.

The overall theme of the papers is testing new policy approaches in financing sustainable development.

The major areas of focus are improving the policy framework for sustainable development finance, new policy approaches in international and domestic finance, and innovative mechanisms in sector finance.

There is an emphasis on Sub-Saharan Africa, with several papers addressing specific issues related to finance for sustainable development in that region.

The Chairman?s Summary of the Meeting and the papers were presented to CSD-8 in May 2000. This publication will also serve as an input to the International Conference on Financing for Development to be held in 2002.

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