Developed countries should reorient their aid structure: Dr Bhattarai

Finance Minister Dr Baburam Bhattarai has appealed the developed countries to readjust the structure of their aid in order to promote self-sustained development of undeveloped countries, reports said.

While addressing the UN Conference on Development Financing in Doha, Qatar, Dr Bhattarai said,” Foreign assistance should be gravitated towards promoting production, in come and employment in a way that the will eventually result in a decline of the financial dependence of undeveloped countries on developed ones.”

Dr Bhattarai also asked the US and Europe to adopt concrete measures to shield the underdeveloped from the current global financial meltdown.

He also opined that the financial breakdown should be looked upon as an opportunity to create new world order which upholds the value of equality and justice.

The finance minister also made it a point to relate that the Maoist-led government has attached topmost priority to the economic growth of Nepal with social justice. nepalnews.com nd Dec 02 08

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