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 16,514.37 0.40
Arrow Nasdaq 4,161.46 0.97
Arrow S&P 1,815.69 0.95
Arrow FTSE 6,681.76 0.85
Arrow DAX 9,600.09 2.02
Arrow CAC-40 4,484.21 1.18
Arrow Nikkei 14,388.77 0.85
Arrow H.Seng 23,003.64 0.79
Arrow Sensex 22,758.37 0.03





where to buy

cheap wedding dresses

online - weddingdresstrend.com

Buy cheap Nike Mercurials cleats at mercurialscleats.com
cheap wedding dresses on SiteSteer.com - Best Online Wedding Store


Banking Review 2013


Buy direct from

China free shipping trade platform

Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln