G24 calls for more World Bank assistance on poverty reduction

09:42, April 23, 2010      

Email | Print | Subscribe | Comments | Forum 

The Intergovernmental Group of Twenty-Four (G24) on Thursday called on the World Bank to offer more assistance to the developing countries for their efforts to reduce poverty.

"Ministers reaffirmed that the overarching mission of the World Bank must remain poverty reduction," said the G24 in a communique issued after the 83rd ministerial meeting, adding that the World Bank had an important role to play in mitigating the after-effects of the crisis.

"Ministers urged the Management of the World Bank to assess and meet the financial and technical assistance needs of all developing countries solely on the basis of economic and development merits," said the communique.

The G24 emphasized that the World Bank Group should be guided by complementarity rather than exclusivity and that selectivity and the division of labor among Multilateral Development Banks be ultimately driven by individual country demands.

The group also underscored the importance of enhancing World Bank Group support to south-south trade, investment and cooperation.

The G24, a charter of the developing countries' coalition G77, was established in 1971 to coordinate the positions of developing countries on international monetary and development finance issues and to ensure that their interests were adequately represented in negotiations on international monetary matters.

The G24 meetings usually take place twice a year.

Source:Xinhua

(Editor:梁军)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based eastday.com reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion