IMF urges countries to redouble growth drive, revive MDGs
* Revival of MDGs hinges on restoration of
balanced, sustainable, global growth
* Strauss-Kahn says world needs sense of
shared responsibility
* UN urges world to turn "blueprint for
ending extreme poverty" into reality
IMF Managing Director Dominique Strauss-Kahn, saying the global
economic crisis had set back momentum toward the Millennium Development
Goals (MDGs), urged countries to redouble efforts to get back on track,
arguing that a revival of world economic growth was the key to success.
Saying that the ultimate goal was a world free of poverty and
conflict, Strauss-Kahn said in an address to the United Nations General
Assembly that before the global crisis many developing countries had
achieved strong growth and stability, mainly driven by good homegrown
policies, but supported by an enabling international environment.
But the financial crisis and earlier food and fuel crisis had set
back momentum. As a result, about 70 million fewer people will have
escaped from the "chains of poverty by 2020," he said. And many millions
more will suffer the consequences of prolonged unemployment and
underemployment.
He urged countries to redouble efforts to get back on track. "For
this to happen and this is my main message today everything hinges on
the restoration of balanced, sustainable, global growth. Without this,
all other efforts to achieve the Millennium Development Goals will be
frustrated. We will be treading water against a rapidly advancing tide."
Strauss-Kahn, addressing a gathering of world leaders on the MDGs in
New York said that to regain the momentum, "we need a sense of shared
responsibility between the various sectors the developing countries
themselves, the advanced economies, and the international institutions."
The advanced economies and leading emerging markets should focus first
and foremost on securing a sustainable global recovery, and getting the
growth engine up and running again. Analysis undertaken by the IMF and
World Bank for the G-20 has shown that cooperative action by the world's
major economies could produce real results boosting world growth by 2
1/2 percentage points over five years, creating 30 million new jobs, and
lifting 33 million people out of poverty.
"This talk of cooperation is not just a mantra, it is real, it is
essential, and it affects people's lives," Strauss-Kahn said. In his own
speech, UN Secretary-General Ban Ki-moon urged world leaders attending
the United Nations summit on the MDGs to turn what he dubbed "a
blueprint for ending extreme poverty" into reality by providing the
necessary investment, aid, and political will to help the planet's most
vulnerable.
"There is no global project more worthwhile," Ban told nearly 140
heads of state and government taking part in the three-day meeting at UN
Headquarters in New York. "Let us send a strong message of hope.
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