Developing nations will not be able to meet goals: India
Warning that many developing nations will not be able to fulfill the Millennium Development Goals, India has asked the rich countries to meet the commitments made by them to increase Official Development Assistance, transfer technology and enhance...
By PTI |
UNITED NATIONS: Warning that many developing nations will not be able to fulfill the Millennium Development Goals, India has asked the rich countries to meet the commitments made by them to increase Official Development Assistance, transfer technology and enhance market access to the poor to help them achieve the targets.
"Unfortunately, the trend is in the opposite direction," Ambassador Ajai Malhotra said and demanded increased voice for the developing nations in the decision making process of international financial institutions.
MDGs are a set of goals which seek to drastically reduce or eliminate several social and economic ills.
Addressing the ministerial level meeting of the Group of 77 (G-77) developing countries yesterday, Malhotra said the Doha round of negotiations must ensure primacy of development dimension.
Subsistence farming in developing countries, he asserted, cannot be compared with the enormously subsidized farming that takes place in developed countries.
"The overarching principle of special and differential treatment remains a categorical imperative. We hope that our developed country partners will show the necessary flexibility so that progress in the negotiations is achieved," he added.
Expressing concern over drop in ODA last year, Malhotra regretted that a substantial part is being channeled towards debt relief, with no additional or new resources being made available to the poor.
"Unfortunately, the trend is in the opposite direction," Ambassador Ajai Malhotra said and demanded increased voice for the developing nations in the decision making process of international financial institutions.
MDGs are a set of goals which seek to drastically reduce or eliminate several social and economic ills.
Addressing the ministerial level meeting of the Group of 77 (G-77) developing countries yesterday, Malhotra said the Doha round of negotiations must ensure primacy of development dimension.
Subsistence farming in developing countries, he asserted, cannot be compared with the enormously subsidized farming that takes place in developed countries.
"The overarching principle of special and differential treatment remains a categorical imperative. We hope that our developed country partners will show the necessary flexibility so that progress in the negotiations is achieved," he added.
ADVERTISEMENT
Expressing concern over drop in ODA last year, Malhotra regretted that a substantial part is being channeled towards debt relief, with no additional or new resources being made available to the poor.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
