ABSTRACT
The debate on sustainable development that has emerged since the 1987 Brundtland Report has given a new rationale to calls for additional North-South financial resource flows. A significant increase in concessional finance for developing countries will be essential, it is said, if these countries are to address their sustainable development needs. This chapter explores the viability of the claims for additional financial resource flows for sustainable development in the South and examines those mechanisms for raising revenue in the North to finance such flows that would in themselves contribute to sustainability objectives. It deals with an overview of North-South financial resource flows, followed by a summary of existing estimates of additional flows to finance sustainable development in the South. The chapter concludes with the note that financing sustainable development must mean meeting the twin objectives of raising funds and improving environmental management.
