Multilateral Development partners pledge support
By Nawa Mutumweno – Leaders of the African Development Bank (AfDB), International Monetary Fund (IMF), World Bank, European Bank for Reconstruction and Development (EBRD), and Inter-American Development Bank (IADB) have pledged close collaboration to support development.
According to a press release issued by the African Press Organisation on behalf of the AfDB,the partners who met in Washington, DC., USA, recently emphasised the need for coordinated efforts to achieve the Millenium Development Goals (MDGs) by 2015, which aim to end poverty and hunger, increase access to education N and health care, improve gender equality, and ensure environmental sustainability.
‘’Nothing could be more important than ensuring young people get the right start in life. We aim to make 2015 the year in which children no longer negotiate access to basic education, mothers to the most basic health care, households to water and sanitation. Or girls to the most fundamental opportunities for schooling, work or voice in their communities. And we aim to ensure these gains are permanently sustained in the post-2015 era, said Donald Kaberuka President of the African Development Bank.
The leaders pledged strong support for and collaboration with the UN-led process of defining the Post-2015 Development Framework. They voiced support for an approach that integrates concepts of economic, social and environmental sustainability
Noting that even recent gains in social indicators are at risk in the absence of a long-term financing plan, leaders pledged to work together to develop options for long-term investment to strengthen the foundations of growth. They called for a renewed focus on financing for development, with greater leveraging of official development assistance and private sector investment, as well as better domestic resource mobilization and management and stronger institutions.
They pledged cooperation to build the statistical capacity of governments, to enable better policies, for example by deploying the latest techniques for monitoring poverty and inequality, and factoring natural wealth accounting into decision-making.
‘’We are at a critical time where, working together, we can bend the arc of history – eliminating absolute poverty, boosting shared prosperity, and defining a pattern of growth that demonstrates that we care for our planet and all its people,’’ said Jim Yong Kim, President of the World Bank Group.
‘’In these tough economic times, we’ll only reach our goals by pulling together. We will work with a wide variety of partners to reach our goals, thoughtfully and creatively. Civil society, business and government need to think and work together. Our Banks aim to create an atmosphere for open dialogue and imaginative solutions to emerge,’’ added Luis Alberto Moreno, President of the IADB.
Issues of inclusive growth, environmental sustainability, and long-term financing are global in nature. They affect rich and poor countries alike. Recognising this, the leaders of the Banks welcomed the G20 and G8 analysis of related issues, and committed to harnessing their own institutions analytical and convening power to identify solutions to such pressing global issues. Because developing countries are so important to resolving long-term issues such as growth, environment and jobs that concern the G20, leaders of the Banks reaffirmed their commitment to making developing countries voices heard more clearly.
‘’The very large gaps in development finance mean we’ll need to search for ever better ways to encourage investment. Recent economic crises, which have put so many people at a risk of falling into poverty, mean we need to do more to promote macroeconomic stability, and to build strong and transparent financial systems,’’ added Min Zhu Deputy Managing Director of the IMF.
The Bank leaders committed to excellence in management and organisation of their own institutions. In this respect, they shared experiences with organisational change, and reiterated their commitments to the highest standards in serving clients, excellence in staffing and professional development, and collaboration on the ground among Banks.
‘’The development challenges we face at the global and national levels are of such scale that we must work together. It’s not only a question of financial resources, but of ensuring we can deliver the best available knowledge, best people, and best models of cooperation to our clients. They expect nothing less, and we aim to deliver nothing short of their expectations,’’ said Suma Chakrabarti, President of the EBRD.
