(d) Reduction of capital costs of nuclear fuel cycles.

The impact of this re-classification on banks and insurance companies was a reduction of capital with serious implications on capital adequacy requirements.

Consistent with the general approach of the World Bank, Ratha, Mohapatra and Plaza focus on the role of orthodox macropolicies in the reduction of capital flight.

The Fund's approach in this area is to encourage the efficient allocation and reduction of capital flow volatility by promoting transparency in financial markets and good governance in financial institutions of both creditor and debtor countries ….

In 2001, the Human Rights Committee, on receiving a report from the Democratic People's Republic of Korea, welcomed the reduction of capital offences from 33 to 5 as well as the readiness, confirmed by the delegation, further to review the issue of capital punishment with a view to its abolition.

Remittances improve countries' ability to finance development objectives, the foremost of which are poverty reduction and improvement of human capital.

A separate programme of action for the reduction of homelessness in the capital district was introduced in 2002.

The degree of violence in crime has intensified globally, resulting in general insecurity, reinforcement of urban segregation, stigmatization of neighbourhoods and communities, lawlessness, waste of economic and social resources, reduction of social capital of the urban poor and escalation of the overall costs associated with insecurity.

Yet, several countries in the region continue to face serious challenges in mobilizing domestic and international resources for development, including attracting sustained capital flows, including remittances, and ensuring that they are in sectors with high added-valued and strong employment impact; improving domestic resource mobilization through increased savings, higher tax revenue and reduction of capital flight; finding an effective and sustainable solution to the external debt crises facing several countries in the region; increasing the quantity and improving the effectiveness and absorptive capacity of aid in recipient countries; and using international trade as an effective vehicle for resource mobilization.

This option provides an opportunity to leverage private capital in support of poverty reduction while capitalizing on the traditional strengths and wide experience of UNCDF.