Innovative financing mechanisms gain momentum: The Brasilia conference

The Brasilia conference on 6-7 July gave additional momentum in the mobilisation of new sources for development finance. The meeting, organised by the government of Brazil, was attended by 40 countries and 20 non-governmental organisations and demonstrated that international support for an air-ticket tax is growing very fast. Only five months after the Paris conference where 13 countries decided to introduce a tax on airline travel, six additional nations have already followed suit. Frank Schroeder reports.