Servicing innovative financing of environmentally sustainable development : an associated event of the third annual conference on environmentally sustainable development
Serageldin, Ismail | Martin-Brown, Joan [editors]
One of the primary goals of the Environmentally Sustainable Development Vice Presidency of the World Bank is to enable people, in partnership with their governments and community organizations, to make their own decisions. This is key to advancing environmentally sustainable development. If people are to be effective decisionmakers, they need greater access to fiscal and information resources, as well as to global networks of experts and national practitioners. The Earth Council/World Bank Associated Event, "Servicing Innovative Financing of Environmentally Sustainable Development," provided a unique opportunity to address modalities for innovative financing. This report reveals consensus on concerns and solutions. Common concerns are how to finance vehicles for engaging a broader and deeper community of people. There is a consensus that capital flows should be invested in ways that enable people to engage in economic development more equitably. Innovations in financing are also essential, because, ultimately, the aggregate of financially weak communities erodes the economic potential of a nation. The report reviews the event held at the World Bank on October 2-3, 1995. The dialogue of the first forum focused on distilling messages from the presentations, generating ideas about how the lessons learned could help others, and developing recommendations to the World Bank on innovative financing. The discussion of the second forum centered on applying financing instruments and indicators, and linking them to environmental and economic development issues. Finally, the discussion during the third forum concentrated on the use of delivery systems and alliances to engage and empower communities.
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