All
 

 

Just in:  

You are here: Home»World»Business & Economy»EU says private sector is key player in development aid

eu-commission 400 1BRUSSELS: European Commission President Jose Manuel Barroso vowed Tuesday that Europe would maintain its place as the world's top provider of development aid as he urged the private sector to do more to help.

 

"If we want to reduce poverty, maintain food security and ensure decent social welfare for all, then we need economic growth. And this is where the private sector can play a critical role," Barroso said at a development forum attended by several African leaders.

 

"We must evolve towards a closer partnership with the private sector by working for it and with it," he added, calling also for new forms of cooperation with the private sector to sustain growth and create new jobs "while always remembering our final goal is to reduce poverty."

 

"We are trying to overcome the distinction that used to exist between 'public' aid and 'private' aid because what we need is to gather our forces and our expertise in a practical intelligent way," Barroso said.

 

With 53 billion euros ($69 billion) of development aid in 2011, the European Union and its members are the world's top donor.

 

The EU aims to use 0.7 percent of GDP for aid but the economic crisis has prevented the likes of France, Germany and Italy from meeting the target.

Copyright AFP (Agence France-Presse), 2012


 



 
Index Closing Chg%
Arrow DJIA 16,380.41 1.63
Arrow Nasdaq 4,258.44 0.97
Arrow S&P 1,886.76 1.29
Arrow FTSE 6,310.29 1.85
Arrow DAX 8,850.27 3.12
Arrow CAC-40 4,033.18 2.92
Arrow Nikkei 14,532.51 1.40
Arrow H.Seng 23,023.21 0.53
Arrow Sensex 26,108.53 0.42





where to buy

cheap wedding dresses

online - weddingdresstrend.com


Banking Review 2013


Buy new style hair wigs at cheap price on Ishowigs.com

Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 10, 2014
Reserves $13.401 bln