Developing nations call for south-south co-op to achieve MDGs (2)

21:48, August 03, 2010      

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South-south cooperation offered tremendous opportunities for increasing trade and productive investment, said Ann Herbert, director of the office for China and Mongolia of the International Labor Office.

Developing countries could also learn from each other's success in developing strategies that could lead to to good results, said Herbert.

The impact of the the economic crisis was unlikely to threaten the MDG target of poverty reduction, she added.

The representatives also urged the developed countries to earnestly fulfill their commitments under the Official Development Assistance (ODA) and provide more funds and technology support to developing countries.

The ODA is the commitment of the rich countries to earmark 0.7 percent of their gross national product (GNP) to help poor countries in their development efforts.

First pledged in a 1970 UN General Assembly Resolution, the 0.7-percent target has been reaffirmed in many international agreements over the years. However, few Western countries have honored their pledges.

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