C-SPAN: 3.21.02 MONTEREY, MEXICO: U.N. General Assembly Millennium Declaration included desire to doubling of their funding from $50 billion to $100 billion from the well to do. They plan to achieve it by 2015.

Income is to be derived from exports of free world trading system such as the IMF and islands of abundance in an ocean of misery. After access to financial resources they plan to create an appropriate infra structure.

James Wolfensohn, president of the IMF World Bank addressed his listeners as "my shareholders, my bosses.. we have shared values.. the issue is poverty. 20% of the world has the assets.. prosperity has to be shared... we have interdependent responsibilities.. We need to partnership with developed countries in the spirit of Monterey.. [there is a need for] increases in assistance from the U.S. and the E.U.. A New phase of implementation of shared goals giving them opportunities.

Horst Kohler, IMF Managing Director addressed globalization as an opportunity for all.. integration is essential for growth.. Local level have means to take opportunities. What is required to overcome world poverty.. Parliamentary want to be part of the budget.. Aid is an investment. Debt relief is an essential element to a stable international financial system.

Regional technical assistance Centers are part of IMF support. IMF is reforming work for benefit of all developing world wide.

Unsustainable debt situations make room for true ownership. Donor countries must harmonize with a more predictable flow.

Director of the WTO, Mike Moore (not American, could be Australian) said that poverty is the greatest threat. Man made trade liberalization universal primary education are goals. Some of seven goals: cut $54 billion annually by one third - abolish the trade barriers to gain an additional $2.8 trillion income - agriculture support cost $1 billion a day - all debt relief.. integrated by 2005.

High tariffs tilt tables and are most costly to countries which use them. He wants investment agreement trade facilitation reforms which will give large returns. BORDERS CAUSE TOO MANY DELAYS. Red tape has to go.

Bureaucracy employs 50-70% of working people. Monterey consensus: Trade barriers have to come down. Skilled infrastructure of public organization government.

3.22.02 President Bush stated that countries worldwide receive $50 billion