American Public University
1-Monterrey Consensus on Financing for Development (2002): This document focuses on other sources of financing for development in addition to aid. Explain at least three other sources highlighted.
The Monterrey Consensus mentions the following three other resources: 1) Foreign direct investment and other private flow, 2) External debt, and 3) Aids from the developed countries to the less developed countries as Official Development Assistance (ODA).
Foreign direct investment increases the income level in the country, causes technology transfers from the developed countries to the developing countries and creates new job opportunities in the developing countries.
External debt is Continue reading...