GlobalDF

The Global Clearinghouse for Development Finance (“GlobalDF”) was launched in Monterrey, Mexico at the 2002 United Nations Conference on Financing for Development to implement the historic commitment of all UN member states to mobilize the private sector for development. The UN Monterrey Consensus is a global landmark commitment, as all UN member states explicitly recognized the pivotal role of the private sector in enabling poverty reduction, job creation, and improved living standards. For the first time, the UN invited the private sector to participate in the United Nations consultative process, and was given a seat at the table with heads of state and ministers.

To implement the Monterrey Consensus objective of mobilizing the private sector for development, GlobalDF has been developing three specific e-tools (“Financing for Development Tools”) and related capacity-building programs:

-INFRADEV to increase access to finance for infrastructure using risk mitigation; -Government-Investor Networks to improve business-enabling environments; and -The Development Finance Portal to increase access to investment-enabling information on developing country opportunities, risks, and transaction services.

Successful pilots have been developed in Central America and Africa, showcased in high-level international meetings, with demand from many developing countries. GlobalDF works with private sector experts, international and regional development banks, and experts from the OECD and other critical development organizations. For more information on GlobalDF and the specific tools, see www.ffdtoolkit.org.

[1] Please see UN Discussion “Global Clearinghouse” Paper written by Dr. Barbara Samuels, Founder of the Global Clearinghouse and Vice-Chair of the UN Business Committee on Financing for Development: Strengthening Information and Analysis in the Global Financial System: A Concrete Set of Proposals.

[2] Support has been provided by the UN, Ford Foundation, Norwegian government, Swiss government, Samuels Associates, and private sector experts.