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Serving Sri Lanka

This web log is a news and views blog. The primary aim is to provide an avenue for the expression and collection of ideas on sustainable, fair, and just, grassroot level development. Some of the topics that the blog will specifically address are: poverty reduction, rural development, educational issues, social empowerment, post-Tsunami relief and reconstruction, livelihood development, environmental conservation and bio-diversity. 

Tuesday, April 19, 2005

Urgent action needed to cut global poverty

Daily News: " Urgent action needed to cut global poverty and win development results - WB, IMF18/04/2005

BOLD and urgent action is needed to reduce extreme poverty and improve people's economic and social prospects in developing countries in keeping with a set of key development targets, called the Millennium Development Goals (MDGs), said a recent report released by the World Bank and International Monetary Fund.

The credibility of the entire development community is at stake as never before, said World Bank President, James Wolfensohn in introducing the second annual Global Monitoring Report, 'MDGs: From Consensus to Momentum'.

Rich countries must now deliver on the promises they have made in terms of aid, trade and debt relief, and the developing countries especially in Sub-Saharan Africa need to aim higher and do better in terms of their own policies and governance to make more effective use of aid. Full Story..


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