Opening ceremony highlights challenges for the EDD 2010

Published: 06 December 2010

Opening Ceremony – What are the main challenges of the EDDs 2010?

This morning Jerzy Buzek (President of the European Parliament), Yves Leterme (Prime Minister of Belgium), Madhav Kumar (Prime Minister of Nepal), Dr Lesley-Anne Knight (European Union Ambassador of the European Year for Combating Poverty and Social Exclusion), Dominique Strauss-Kahn (Managing Director of the International Monetary Fund) and José Manuel Barroso (President of the European Commission) opened the European Development Days 2010 with a ceremony. “Shared growth is important for development. We have to continue to spend our budgets on development aid despite the financial crisis”, argues Barroso. Fighting poverty for him means buiding economic growth in developing countries that can eventually create jobs. “But the states cannot be the only source of aid, it should also come from the private sector”, adds Barroso.

How to fight poverty?

In order to fight poverty, according to Buzek, what is needed from the European Parliament is to make sure “that aid is effective, coherent, sustainable, innovative, people-oriented, based on partnership and not on dependence”.

Trading as a tool to fight poverty

“We have to spend money on trade and should not stop spending money despite the financial crisis”, concludes Strauss-Kahn. The message of the opening ceremony seems to be clear: fighting poverty can be achieved by keep on investing in the trade of developing countries. The stakes are simply to high to let development countries go down – for reasons of global security and for stability.