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Last Updated: Thu, 14.02.13 10:15

Chinese vice premier calls for global cooperation on poverty reduction

Kishor Kumar Poudel in Rome

The Vice Premier of the People's Republic of China, Hui Liangyu urged the international community to focus on helping developing countries achieve food security and eliminate rural poverty through North-South cooperation.

Addressing the opening session of the 36th session of the Governing Council of meeting of the International Fund for Agricultural Development (IFAD), which is the IFAD’s highest decision-making body in Rome Wednesday, Vice premier Hui also added that increased efforts are needed to expand South-South cooperation to promote exchanges between developing countries.

He also reaffirmed China’s commitment to keep agriculture and poverty reduction at the top of the country’s economic and social agenda.

He urged the international community to focus on helping developing countries achieve food security and eliminate rural poverty through North-South cooperation.

He added that increased efforts are needed to expand South-South cooperation to promote exchanges between developing countries.

Addressing the function, Minister for Economy and Finance of the Italian Republic, Vittorio Grilli said that reaching food security is not only about investing financial resources in agriculture but is also “a matter of sharing know-how, technologies, innovation, managerial experience, and relationships.”

“IFAD can make the difference by helping smallholders to become active participants in their own development, and that of their nations: from aid-dependent to business-minded farmers,” Grilli added.

Dominique Mamberti, Secretary for Relations with States of the Holy See read the message of His Holiness Pope Benedict XVI at the program.

The message expressed hope for the future and commended IFAD’s work in empowering small farmers in the different parts of the world.

“This approach recognizes the agriculture sector as a primary component of economic growth and social progress, and it restores agriculture and those who work on the land to their rightful place.” Pope said in this message.

IFAD president Kanayo F. Nwanza said IFAD will create the conditions to enable 80 million people to overcome poverty.

Delegates from IFAD Member States including Nepal appointed Nwanza to serve a second term of four years as the President of the Fund.

*Nepali deligation led by secretary of Agriculture Ministry, Jaya Mukunda Khanal is participating in the two day IFAD's annual meeting.

During the session of the Governing Council, a panel discussion entitled Secrets of mutually beneficial and successful partnerships focused on public-private partnerships and the role of farmers’ organisations.

The discussants explored opportunities for small farmers to develop mutually beneficial partnerships with private sector entities without compromising the interests of rural communities.

IFAD works with poor rural people to enable them to grow and sell more food, increase their incomes and determine the direction of their own lives.

Since 1978, IFAD has invested about US$14.8 billion in grants and low-interest loans to developing countries through projects empowering over 400 million people to break out of poverty, thereby helping to create vibrant rural communities. nepalnews.com