Private Sector Can Stimulate Development: British PM

Nusa Dua, Bal (Antara) - British Prime Minister David Cameron expected that the private and investment sector as the best way to stimulate sustainable development to eradicate poverty in the post 2015 millennium development goals. The video of this speech was played at the opening of the UN high level panels meeting, here, Wednesday. He said the increase in the private and investment sector is one of three views he delivered within the framework of the preparation of the global development agenda post-2015. "As a partnership where we realize that we have, I hope we can increase private sector and investment as the best way with sustainable establishment," said David Cameron. Besides, Cameron expected the report discussed in Bali agenda would reflect a new global understanding that all countries have a role to ensure sustainable development. Britain will use the G-8 presidency to achieve world trade arrangement that is fair, transparent, and companies that pay taxes, Cameron added. Cameron expressed his hope that the development of agenda-setting report will impact the development of the world where there is a demonstrated participation and specific tactical things, one of which involves the role of the global community in the maturation of the development agenda of the Millennium Development Goals (MDGs). "I thought that we reached some important agreement in Monrovia to build a millennium development goal, to eradicate extreme poverty, to develop the strong and effective institutions like good government, market and justice to help countries move from poverty to prosperity in a sustainable way," he said. The millennium development's goals include reducing poverty by addressing the root problem is not just through new effective institutions, good governance and a fair market to turn poor country into a prosperous and sustainable nation. "I hope this meeting is successful, and we will meet in New York next May and to ensure poverty reduction," he said. (*)