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'The Road to Monterrey': OneWorld DebtChannel.org Discussion Forum on Financing for Development begins

PRESS RELEASE
For immediate release

16 January 2002

'The Road to Monterrey': OneWorld DebtChannel.org Discussion Forum on Financing for Development begins

OneWorld www.oneworld.net, in partnership with Eurodad www.eurodad.org, has launched an online discussion at www.debtchannel.org, to help move international policy-makers 'beyond rhetoric' and towards action at the UN International Conference on Financing for Development taking place in Monterrey, Mexico at the end of March.

'The Road to Monterrey' OneWorld DebtChannel.org Discussion Forum will run from 21 January - 29 March and can be accessed at http://forum.oneworld.net:8080/~debtchannel.

Jonathan Wolsey, Eurodad forum moderator says: "Our aim with this forum is to generate new suggestions on how to ensure that development will be better financed and that the 2015 Human Development Goals will not represent yet another series of empty words from Western governments. We invite all those with Internet access and an interest in these issues to join us."

The UN International Conference on Financing Development comes as calls continue to grow for reform to the international financial architecture and greater participation in international economic decision-making by developing countries. The OneWorld DebtChannel.org Discussion Forum will explore these and other Summit themes such as debt relief, official development assistance, investment flows and controls, and the Financing for Development process so far. The online discussion will conclude with responses to the news and decisions in Monterrey.

Kofi Annan, United Nations Secretary-General, has said of the Financing for Development agenda (May 2001): "Unless we succeed in mobilizing far greater amounts of resources - both public and market-led investment - our plans to eradicate poverty and to accelerate development will be thwarted."

The 'The Road to Monterrey' OneWorld DebtChannel.org Discussion Forum follows 'From Genoa to the World Bank/IMF Autumn Meetings', a highly successful online event on debt reduction last year.

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For more information contact:

Henk Campher, OneWorld DebtChannel.org editor,
t: +27 21 8867208 e: henk.campher@oneworld.net

Jonathan Wolsey, Eurodad forum moderator,
t: +32 2 543 9060 e: jwolsey@eurodad.org

Notes:

1. OneWorld is a non-profit network that aims to harness the democratic potential of the Internet to promote sustainable development and human rights. Its website www.oneworld.net is the world's leading portal on global issues and a gateway to over 1000 partner NGOs worldwide.

2. Eurodad is a network of non-governmental organisations (NGOs) in 16 European countries. It aims to coordinate the activities of NGOs working on the issues of Third World debt, structural adjustment, and financial markets in order to ensure that their views be brought to bear on decision-makers in Europe, the Bretton Woods Institutions and other relevant players.

3. The UN International Conference on Financing Development http://www.un.org/esa/ffd/ (18-22 March Monterrey, Mexico) is the first time the United Nations will convene for a summit-level meeting to address key financial and related issues pertaining to global development.