Africa: Innovative Global Financing

In the course of his May 28 speech to the Leading Group on Innovative Financing for Development, to be chaired by France over the next year, Kouchner went so far as to pledge support for experimentation with a financial transactions tax, a proposal that was quickly dismissed by French Foreign Minister Christine Lagarde. But it is still true that the momentum for new forms of funding, for health, education, and climate change, continues to build, a recognition that financing for such global public goods should not depend on the political fortunes of official aid budgets.