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The new chapter of Financing for Development goes much further.
Over the past few decades, global financing for development has changed dramatically.
Last summer in Addis Ababa, the financing for development Agenda for Action was agreed.
He is based in Maastricht, the Netherlands, where he works on issues including the reform of European development co-operation, financing for development and policy coherence for development.
The First International Conference on Financing for Development in Monterrey, Mexico, in 2002 set this foundation.
Philippe Douste-Blazy is UN special adviser on innovative financing for development and chair of Unitaid.
The term for this is "innovative financing for development".
The emphasis on finance for SMEs at the recent Financing for Development conference in Addis Ababa was an important step.
The United Nations has been working for decades on proposals known as 'alternative multilateral financing for development'.
The next stop is Addis Ababa, Ethiopia next week for The Third International Conference on Financing for Development (FfD).
Innovative financing for development will have a crucial role to play.
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