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Mobilizing finance

The Agenda 21 approach emphasized the need for a substantial flow of new and additional resources to developing countries. The UNCED Secretariat estimated that the average annual costs (1993-2000) of implementing Agenda 21 in developing countries would be over US$600 billion, including about US$125 billion/year in grant or concessional finance from the international community (Agenda 21, Chapter 33; www.un/org/esa/sustdev). In reality nothing like this amount was raised.