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Promoting innovative sources of financing for development : What role for parliaments ?

The panel aimed at providing the United Nations with a first direct impression of the political support that currently exists at the parliamentary level or that may be mobilized in future for innovative sources of development financing. It took place in the wake of a resolution that the IPU adopted at its 112th Assembly in Manila last April, which concluded inter alia with an expression of support for “further work on proposals for international financing mechanisms as a creative and at the same time realistic way of providing additional resources for development”. The panel was also meant to provide an additional contribution on this very specific issue to the High-level Dialogue on Financing for Development, scheduled to take place on 27 and 28 June 2005.