Loading
Holy See emphasizes development of low-income countries at UN

.- Made public this morning was an address given by the Holy See’s Permanent Observer to the United Nations, Archbishop Celestino Migliore, on the subject of the General Assembly’s “Follow-up and implementation of the outcome of the International Conference on Financing for Development.”  The Vatican representative said particular attention should be given to the economic growth of low-income developing countries.

Such countries, the archbishop said, “face the greatest difficulties in mobilizing domestic resources for development.”  As such, Migliore continued, “these countries should therefore be the subjects of particular attention, especially since foreign direct investment is unlikely to be significant, primarily because it is not meant to resolve problems of poverty and development as such, but it may help do so if properly regulated.”

Archbishop Migliore said the Poverty Reduction Strategy Papers (PRSP), which were prepared by the governments of developing counties themselves, “have an important role,” in the process, “since they could provide an appropriate framework for defining national development strategies.”

The archbishop commended the successful preparation of the PRSP and encouraged “all global institutions aimed at reducing poverty in the poorest countries” to use the papers as a tool to aid in progress.

Migliore noted the successful proposal of the G8 that the International Monetary Fund, the International Development Association, and the African Development Fund cancel all debts claimed by the poorest of countries.  “External debt,” he noted, “has crippled many economies for decades.”

The UN report on development, the archbishop concluded, “paints a generally positive picture of the engagement in this field.”  However, he noted, “it will be important for all partners to stay engaged and to address systemic issues, above all those which concern steps to create and maintain an equitable international monetary, financial and trading system which will be fair, open and capable of supporting development,” in order for the countries to meet Millennium Development Goals set to be reached by 2015.


Ads by AdsLiveMedia(What's this?)

* The number of messages that can be online is limited. CNA reserves the right to edit messages for content and tone. Comments and opinions expressed by users do not necessarily reflect the opinions or beliefs of CNA. CNA will not publish comments with abusive language, insults or links to other pages

RESOURCES »

Ads by Google (What's this?)

Featured Videos

Pilgrimage from Czech Republic to Assisi and Rome for intentions
Pilgrimage from Czech Republic to Assisi and Rome for intentions
Testimony of young Indian who met Pope in Korea
Preparations of the Closing Mass of 6th Asian Youth Day
Missionary of Charity, Korea
Testimony of Christian Love during Pope's Visit to Korea
Religious Sisters in South Korea react to Pope Francis kissing a baby
Warm atmosphere during Holy Mass at Daejeon World Cup Stadium
Images inside Pope Francis flight to South Korea
The tombs of the early Christians
Missionaries of Africa, called "the White Fathers"
Italian youth give testimony after mission to Peru
Interview with Iraqi Ambassador to the Holy See on the persecution of Christians
New book 'The Vatican unknown'
A Look at India from Rome
3D Church mapping
#PAUSEforPeace Initiative
Dedicating art to San Juan de la Cruz
A state without territory elects new government
The renewal of the Legionaries of Christ
Presentation of the book "The Pastor"
Sep
2

Liturgical Calendar

September 2, 2014

Tuesday of the Twenty-Second Week in Ordinary Time

All readings:
Today »
This year »

Catholic Daily

Gospel of the Day

Lk 4:31-37

Gospel
Date
09/02/14
09/01/14
08/31/14

Daily Readings


First Reading:: 1 Cor 2:10B-16
Gospel:: Lk 4:31-37

Saint of the Day

Martyrs of September »

Saint
Date
08/31/14

Homily of the Day

Lk 4:31-37

Homily
Date
09/02/14
09/01/14
08/31/14

Ads by AdsLiveMedia.com

Ads by AdsLiveMedia.com
     HTML
Text only
Headlines
  

Follow us: