Abstract
In 2001, a United Nations High-level Panel on Financing for Development, chaired by the former President of Mexico, Ernesto Zedillo, recommended a number of strategies for the mobilization of resources to fulfil the commitments made in the United Nations Millennium Declaration1 to sustained development and poverty eradication2. The Panel concluded that substantial amounts of financial resources would be needed to achieve the international development goals. In addition, it made a strong case for tapping international sources of financing for the provisioning of global public goods, including for the prevention of contagious diseases, research for the development of vaccines and agricultural crops, combating climate change, and preservation of biodiversity. While there are no generally accepted estimates of the financing needs for meeting international development goals and global public goods, and while all such estimates are a matter of judgement, by any measure, needs tend to exceed, by far, the funds available for such purposes.
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