Wednesday, June 11, 2008

HOME
NEWS
EDITORIAL
POLITICAL COLUMN
DEFENCE COLUMN
EX-FILES
D.B.S.JEYARAJ COL.
AS I SEE IT
CARTOON
SPORTS

GROUP SITES

ABOUT US
ADVERTISING
SUBSCRIPTION
ARCHIVES
CONTACTS
FEEDBACK

Development assistance should not come with strings – President


President Mahinda Rajapaksa in London yesterday emphasized that development assistance not come with strings attached.
Attending the Commonwealth meeting discussing reform of international institutions in London President said that development assistance is often combined with political and global objectives of the donor or development partner and that this created difficulties for the recipients as insufficient attention was paid to ground conditions in recipient countries.

He also expressed the view that the multilateral financial institutions should work directly with government rather than indirectly through non-government agencies that pursue their own agendas which were often inconsistent with the agenda of elected governments. He reminded that elected governments pursue an agenda that has been endorsed by the people.

The President also called for greater democratization of decision making and transparency in the activities of UN and its agencies.

During the discussion on International Environmental Governance, President Rajapaksa stated that although there have been many international summits on environment issues that there has been very few tangible outcomes. He called for a more pragmatic approach in dealing with these issues highlighting that nearly 70% of the world’s natural disasters are due to climate change. He stated that whilst developed countries had the resources and expertise to face these disasters that developing countries affected by these natural disasters have difficulties in finding the resources in bringing their countries back to normalcy. He referred to the decision to establish an adaptation fund during the recently concluded Bali Conference and stated that it was regrettable that no contributions had come in to start the fund and take it forward.

With regard to the reform of the Bretton Woods Institutions, President Rajapaksa stated that policy prescriptions emanating from these bodies should be more country conscious and not just ‘one size fits all’ solutions. He cited many examples of how recommendations from these institutions have ironically contributed to increase of public debts, currency depreciation, decline in productivity, continued aid dependence, widening of regional disparities and the gap in incomes.

Referring to the food security plan launched by Sri Lanka, he said that the country had persisted with intense agricultural development and that this policy was paying dividends today as the world prepared to face the worst ever food crisis. He stated that with subsidized fertilizer given to farmers, agricultural production had increased and that these policies had been pursued in variance with the recommendations of these institutions.

As part of his official visit, President met with British Premier Gordon Brown. He also met Minister of State for Foreign and Commonwealth Affairs with special responsibility for Asia, Lord Malloch Brown where the two discussed a wide range of bilateral issues and the need to continue high level engagement between the two countries.

BACK TO HOME

 

 

 

Editor | Webmaster | Feedback
Copyright © Rivira Media Corporation Ltd


 


Rivira Media Corporation Ltd.,
No, 742,
Maradana Road,
Colombo 10, Sri Lanka
Tele: +94 11 4869969,(Editorial) +94 11 4708888 (General line),
Fax: +94 11 470814