Foreword

Foreword

The Monterrey Consensus, adopted by the 2002 International Conference on Financing for Development, highlighted in its paragraph 45 “the vital role that multilateral and regional development banks continue to play in serving the development needs of developing countries and countries with economies...

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Bibliographic Details
Published in:Regional Financial Cooperation p. vii
Main Authors: José Luis Machinea, José Antonio Ocampo
Format: Book Chapter
Language:English
Published: Brookings Institution Press and Economic Commission for Latin America and the Caribbean (ECLAC) 29-08-2007
Subjects:
Arts
Comparative literature
Human geography
Land use
Land use policy
Literary studies
Literature
Regional planning
Social sciences
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Summary:The Monterrey Consensus, adopted by the 2002 International Conference on Financing for Development, highlighted in its paragraph 45 “the vital role that multilateral and regional development banks continue to play in serving the development needs of developing countries and countries with economies in transition.” It went on to note, “They should contribute to providing an adequate supply of finance to countries that are challenged by poverty, follow sound economic policies and may lack adequate access to capital markets. They should also mitigate the impact of excessive volatility of financial markets. Strengthened regional development banks and subregional financial institutions add flexible