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Global development partnership must not be confused with South-South cooperation: Chinese UN envoy

12-08-2011 09:01 BJT

UNITED NATIONS, Dec. 7 (Xinhua) -- A Chinese UN envoy said here Wednesday that aid effectiveness should be based on the adequacy of funds and global development partnership must not be confused with South-South cooperation, calling on developed countries to honor their commitments by providing the developing countries with adequate, stable and predictable resources.

Wang Min, deputy permanent representative of China to the UN, made the remarks when he addressed the fifth high-level dialogue on financing for development of the General Assembly.

Wang said China believes that the key to enhancing aid effectiveness is to ensure adequate development assistance funds.

"Absence of it, any discussion on aid effectiveness would be tantamount to putting the cart before the horse or building a pavilion in the thin air," he said.

China attaches importance to aid effectiveness, associates itself with the fundamental principles contained in the Paris Declaration and is ready to further discuss this issue with others. However, the Paris Declaration mainly applies to North-South cooperation and should not be extended to South-South cooperation, he said.

"China also wishes to emphasize that as a cooperation in which 'the poor help the poor', South-South cooperation is a complement to, not a substitute for North-South cooperation. The developing countries should not assume the development assistance obligations that are the due of the developed countries," the ambassador said.

Wang called on the international community to make concerted efforts for an early achievement of strong, sustained and balanced growth of the world economy.

"Countries should strengthen macro-economic policy coordination. The developed countries in particular should adopt responsible fiscal and monetary policies, properly address their debt problem, maintain the safe and stable operation of market investment and refrain from trade protectionism. The developing countries should promote growth through comprehensive policies and measures to mobilize domestic resources for their own development," he said.

Besides, countries should gather political will to continue to push for the implementation of the Monterrey Consensus and the Doha Declaration on Financing for Development.

ODA is essential to the developing countries, LDCs in particular; and the financial crisis should not be used as an excuse for the developed countries to shirk their obligation of development assistance, he said.

"At this difficult time, the developed countries are called more than ever before to show good will and honor their commitments by providing the developing countries with adequate, stable and predictable resources. The international financial institutions should intensify its efforts for the coherent mobilization of all sources of financing for development," he said.

China is in favor of strengthening the follow-up mechanism of the Monterrey Conference on Financing for Development and calls for urgent implementation of the Monterrey Consensus, Wang said.

He also suggested the international community enhance global economic governance to create a favorable external environment for the development of the developing countries and explore ways of innovative financing while maintaining the ODA as the main channel.

Though a developing country with per capita GDP equaling only about one tenth of that of the developed countries, China regards development as a top priority and while working hard for its own development, has been doing its best to provide assistance to other developing countries under the South-South cooperation framework, Wang said.

In recent years, China announced a series of initiatives to help other developing countries improve people's livelihood and reduce debt burden, and to strengthen cooperation with other developing countries in financial, economic, trade and agricultural areas and in human resources training.

Not long ago, at the 6th G20 Summit, President Hu Jintao announced that under the South-South cooperation framework, China would grant zero-tariff treatment to 97 percent of tariff items of exports to China from the LDCs which have diplomatic relations with China.

"China is ready to continue to work under the South-South cooperation framework, actively participate in the international financing for development process, promote the full implementation of the Monterrey Consensus and the Doha Declaration on Financing for Development and contribute to the international cooperation for development," Wang said.

Editor:Zhang Hao |Source: Xinhua

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