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Illicit Financial Flows from the Least Developed Countries 1990-2008

This paper explores the scale and composition of illicit financial flows from the 48 LDCs. This issue has been recognised by the UN as important for development and the MDGs. Illicit capital flight is a major hindrance to the mobilisation of domestic resources for development. Through the UN, the more

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Innovative Financing for Development: A New Model for Development Finance?

This Discussion Paper explores recent experiences with innovative sources of development finance in order to capture lessons learned for the more effective implementation of both current and future initiatives.   The paper first looks at what is understood by the term ‘innovative financing for more

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Investing in Development: The MDGs, Aid, and Sustainable Capital Accumulation

This discussion paper argues that Millennium Development Goals financing should be designed to foster sustainable national capital accumulation processes.The success of any strategy or “business plan” to achieve the MDGs requires key changes in current practices of policy design and more

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Jamaica’s Debt Exchange

This Discussion Paper examines the Jamaica Debt Exchange Programme, and asks whether the initiative will help release additional funds for poverty reduction and restore debt sustainability to the island. The debt exchange will release over US$500 million in extra resources in 2010 but the more