TitleNew and innovative ideas for generating funds.
Stresses that funds generated by new and innovative ideas should not replace official development assistance; emphasizes that new and innovative funding should be distinct from funding the regular budget and the peacekeeping budgets of UN, and should be part of global partnership and interdependence; stresses the role of private investment in financing development; requests the Secretary-General to submit a report, to be prepared in cooperation with UNDP, on all aspects of new and innovative ideas for generating funds for globally agreed commitments and priorities; also requests the Secretary-General, in the preparation of the above-mentioned report, to consult and build upon work of relevant parts of the UN system, including the Bretton Woods institutions, and to draw upon relevant external expertise from the private and public sectors and the academic community; invites voluntary contributions for this purpose, including possible contributions from the private sector.
Adopted at the 52nd plenary meeting, 26 July 1996. In: Resolutions and decisions of the Economic and Social Council, organizational session for 1996, New York, 25 Jan. and 6-9 Feb. 1996; resumed organizational session for 1996, New York, 2 Apr. and 2-3 May 1996; substantive session of 1996, New York, 24 June-26 July 1996; resumed substantive session of 1996, New York, 10 Oct. and 13-14 and 20 Nov. 1996 - E/1996/96 - p. 75-76 - (ESCOR, 1996, Suppl. no. 1).