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The
Preparatory Committee for the International
Conference on Financing for Development-to
be held in Monterrey, Mexico from March
18 to 22-agrees on one thing: A lot more
work needs to be done.
Rubens
Ricupero, Secretary General of Unctad, addressed
delegates at the sixth PrepCom meeting. He
said a great deal needed to be done to improve
governance and coherence in order to promote
real interdependence among the countries of
the world.
"One of the lessons of the September
11th attacks was that the world was, for better
or for worse, increasingly interdependent," Ricupero
said. "The same recipes should be available
to all countries."
Ricupero
said many countries were unable to respond
quickly
enough to offer any assistance
because they lacked "necessary mechanisms
and infrastructure." He also said that
many developed countries had to ability to
help out affected industries within their economies
after the attacks. Many developing countries
were not capable of doing that.
"Monterrey should set the general direction
in which to move in order to make the necessary
improvements," he said.
Meanwhile,
the United Nations development Fund for Women,
(Unifem) said women's concerns
were "slowly" being considered at
the international level and said any discussion
of the issues related to financing development
should answer the question of, "What kind
of development is being financed and for whom?"
Unifem called for the adoption and implementation
of a gender-sensitive conceptual framework
of human and sustainable development by international
organizations and governing bodies, particularly
the World Trade Organization, the World Bank
and the International Monetary Fund.
According
to a document entitled, "The
Gender Dimensions of the Financing for Development
Agenda" released by Unifem and written
by Maria Floro, strategies like mircocredit
and microfinance have become popular for addressing
women's poverty.
Microcredit is the financial practice of making
small loans to poor people to start up their
own businesses. Typically, those loans are
given to women.
Although Floro admits that microcredit loans
have helped women to avoid high interest loans
or loan sharks, microcredit programs require
a more gender-sensitive approach in programming
and management so that they do not undermine
women's empowerment.
"It is important to avoid implementing
credit programs that reinforce stereotypical
notions of 'feminine tasks or roles,'" the
document reads, "and that tend to keep
women subordinate within households and communities.
"Microcredit
programs can also trap women in a 'micro-finance
ghetto' and risk constraining
them unless they develop specific mechanisms
for promoting women's empowerment and for making
their staff more gender sensitive."
How these issues, and more, will be addressed
will be seen in the final draft outcome of
the PrepCom.
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