Developing nations may be worst victims of economic crisis: PranabJanuary 6th, 2009 - 7:17 pm ICT by IANS
New Delhi, Jan 6 (IANS) The global economic turmoil poses a grave threat to developing nations even though their contribution to the cause of the crisis is negligible, External Affairs Minister Pranab Mukherjee said here Tuesday.“Given the magnitude of the global financial and economic crisis today, the developing countries may become its worst victims even though they were not the cause of the crisis,” Mukherjee said while delivering his address at the general session of the Afro-Asian Rural Development Organisation (AARDO).
The AARDO is a 30-member organisation of countries from Asia and Africa with the aim of eradication of poverty and illiteracy through cooperation.
The organisation was set up in 1962 after the Afro-Asian Rural Reconstruction Conference of New Delhi in 1961, and has India, Egypt, Japan, Libya and Malaysia as its founding members.
Mukherjee urged the member countries to step up their official development assistance in a tougher economic climate so as to ensure that they meet the millennium development goal (MDG) of complete poverty alleviation by 2015.
He, however, added that because of the economic crisis, many countries may not be able to meet their MDGs and other internationally agreed goals by 2015.
- Asia, Africa, face daunting challenges: PM (Lead) - Mar 05, 2012
- Six Indians get UN online volunteering award - Dec 03, 2010
- India needs to improve implementation of social schemes - Sep 15, 2010
- Asia, Africa face daunting challenges: PM - Mar 05, 2012
- Asia-Pacific unlikely to meet hunger, child mortality goals - Feb 17, 2012
- Indian under-fives the most vulnerable in the world (Lead) - Sep 13, 2012
- Maternal mortality rate down by half in South Asia: UN - Jul 08, 2011
- India to raise economic crisis at UN, seek inclusive growth - Sep 17, 2011
- Decentralisation of power key to fighting poverty: Aiyar - Sep 13, 2010
- India on track to meet poverty reduction goal: World Bank - Apr 23, 2010
- 920 mn people to remain in extreme poverty by 2015 - Apr 23, 2010
- Global downturn fuelled poverty, hunger: UN report - Jun 23, 2010
- Indian NGO to push sanitation goals in developing nations - Sep 17, 2012
- India asks rich nations to keep their promises to spur growth - Sep 23, 2010
- Indian under-fives the most vulnerable in the world (Second Lead) - Sep 13, 2012