Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

UN calls for rethink of economic growth strategies

Senior representatives from over 30 Asia-Pacific countries ended a three day United Nations economic committee, calling for a rethink of economic growth strategies and policies in support of the 2030 Agenda for Sustainable Development.

The third session of the Committee on Macroeconomic Policy, Poverty Reduction and Inclusive Development, convened biannually by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), was opened by Yuba Raj Khatiwada, Vice-Chairman of National Planning Commission of Nepal, Azeema Adam, Central Bank Governor of Maldives and Shamyrat Mustafayev, Deputy Minister of Economy and Development of Turkmenistan.

The Committee reflected on the economic growth strategies of the Asia-Pacific region, with a focus on enhancing productivity in the context of implementing and supporting the 2030 Agenda for Sustainable Development. It also generated broad consensus among member states on the importance of strengthening regional financial cooperation and supporting least developed and landlocked developing countries (LDCs and LLDCs) and small island states (SIDS). In particular, the Committee expressed its intentions to further explore the possibility of establishing an Asia-Pacific forum for cooperation in tax matters to support sustainable development.

The Committee stressed that adequate, stable and long-term finance should be mobilised and realigned to achieve the objectives of the 2030 Agenda. Policy priorities recommended by the Committee include strengthening domestic revenues, particularly through improvements in tax policy and administration, and the development of domestic capital markets and institutional investors. The Committee concluded that as today’s financial systems are increasingly interlinked across countries, enhanced cooperation in these areas will be indispensable.

During the Committee, ESCAP organised two high-level side events on LDCs and the 2030 Agenda, and Strategic Regional Partnerships for Sustainable Development, where senior representatives from Bangladesh, Switzerland, Maldives, Indonesia, Bhutan, Samoa, Sri Lanka, and experts from the Asian Development Bank, Food and Agriculture Organization and civil society organizations shared their valuable perspectives. An exhibition was also held by ESCAP alongside the Committee at the United Nations Conference Centre, showcasing the national implementation strategies and progress towards poverty reduction by Bhutan, Fiji, Maldives, the Philippines and Samoa.

http://www.unescap.org

 
LATEST TOP NEWS
 


 
MOST POPULAR NEWS
VF Logo