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Information
  • Published on: 30 Nov 2011
  • Source: Koreatimes / By Park Si-soo
  • More information

Leaders vow to fight poverty
Busan forum backs sustainable growth

Policymakers from some 160 countries pledged Wednesday to work together for the ?shared goal of poverty reduction and sustainable development? in a joint statement issued at an ongoing international forum on aid development in Busan.

Participants, including President Lee Myung-bak, U.N. Secretary General Ban Ki-moon and U.S. Secretary of State Hillary Clinton, said in the statement that amid the quickly changing economic landscape, they will forge more ?inclusive partnerships that embrace diversity, recognize the roles of all actors and broaden our perspective through multilateral learning.?

They also declared a new form of partnership which they believe will lay the foundation for strong, shared and sustainable growth.

?We stand united in our aspirations that the Fourth High-Level Forum on Aid Effectiveness meets the ambitions and expectations of the global community, in our hope that poverty will be defeated in our lifetime,? the statement said. ?This work could not be more urgent.?

It said the world has changed profoundly since development cooperation began roughly six decades ago and during the period of time new modalities and sources of development finance have emerged.

?To harness the opportunities and challenges presented by this new development landscape, we seek to forge more inclusive partnerships that embrace diversity, recognize the roles of all actors and broaden our perspective through mutual learning,? it said. ?Under this new partnership, development cooperation should play a catalytic role in directing diverse resources, tools and technology in ways that support the priorities of developing countries and make development happen.?

The leaders also pledged to commit themselves to follow a list of action plans and principles aimed at maximizing effectiveness of aid development.

They said their investments and efforts ?must have a lasting impact? on eradicating poverty and reducing inequality, on sustainable development, and on enhancing developing countries? capacities.

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