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Henrietta
Fore, director of U.S. foreign assistance, briefs
reporters at the International Conference on
Financing for Development. | |
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Washington — International donors of aid to help the
poor in developing countries need to monitor the world economy
so that they can provide assistance rapidly to where it
is most needed, said the top U.S. official for foreign aid.
Speaking at the recent global conference in Doha, Qatar,
on ensuring financial flows for international development,
Director of U.S. Foreign Assistance Henrietta Fore said
that the “troubling dislocations we see in today's
global financial markets” call for stronger international
coordination toward shared goals.
She also said donor countries should fully understand important
links between public and private sectors.
Fore said the United States is pleased that the more than
160 countries represented at the conference in Doha adopted
a statement that reaffirms that reducing poverty depends
on foreign aid, expanded trade and private investment.
The four-day meeting ended December 2 with a call for a
high-level meeting under United Nations auspices to examine
the effects of global economic uncertainty on development
and to review the international financial and monetary systems
that can prevent future financial crises from occurring.
No date for the follow-up meeting was announced, but U.N.
General Assembly President Miguel d'Escoto Brockmann said
such a meeting is a priority, according to an end-of-conference
press release.
Fore said that getting through “the next difficult
years” will require that more entities be involved
in coordinating economic policy, citing the G20 economies,
whose leaders met in Washington in November. (See “Large
World Economies Agree to Boost Growth, Tackle Crisis.”)
The G20 is a forum that promotes discussion between industrial
and emerging-market countries on key issues related to global
economic stability.
Fore said that in recent years, when many developing countries
were experiencing economic growth and poverty rates were
declining, the development community seemed more concerned
with the human development outcomes of their programs. Now,
she said, “we no longer have the luxury to take economic
growth for granted.
“If 2008 can become the year we rediscover economic
growth as a fundamental component of our development tool
kit, we will see our efforts translate into a future world
that is more food-secure and whose vulnerable populations
will rise out of poverty.”
She said donor countries need to stand ready to assist
any countries that seek support to help financial systems
“adjust to an evolving global economy.”