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Today's international development financing system is not much of a system. It is rather a collection of disjointed entities that lack coherence, often work at cross purposes and are not up to the task of mobilising enough finance to assist developing countries in their efforts to reduce poverty and improve living standards. This book brings together the vast array of new initiatives in financing mechanisms as well as recent attempts to transform the development finance architecture. Based on four different senarios for the next ten-year period, proposals are made for how to reach an effective system. It is argued that the early years of the 21st century have brought about an unprecedented window of opportunity for reforms. But in order to use this opportunity leadership and strategic action is needed.
FRANCISCO SAGASTI is Director of Agenda: PERU, a think-tank in Lima and Visiting Professor at the University for Peace in Costa Rica. He has been Chief of Strategic Planning at the World Bank, Chairman of the United Nations Advisory Committee on Science and Technology, and Visiting Professor at the Wharton School of the University of Pennsylvania, USA.KEITH BEZANSON was Director of the Institute of Development Studies in the United Kingdom from 1997-2004. He was previously President of Canada's International Development Research Centre, Administrative Manager of the Inter-American Development Bank and Vice-President of the Canadian International Development Agency.FERNANDO PRADA is Associate Researcher at FORO Nacional/Internacional. He has been Advisor at the Prime Minister's Office in Peru and Research Assistant at the Institute of Development Studies in Sussex, UK.