Washington: Leaders of the G-8 countries have committed themselves to launch "New Alliance for Food Security and Nutrition" in association with African and other nations, aimed at lifting 50 million people out of poverty over the next decade.
"Building on this progress, and working with our African and other international partners, today we commit to launch a New Alliance for Food Security and Nutrition to accelerate the flow of private capital to African agriculture, take to scale new technologies and other innovations that can increase sustainable agricultural productivity, and reduce the risk borne by vulnerable economies and communities," the G-8 leaders said in their Camp David declaration yesterday.
This New Alliance will lift 50 million people out of poverty over the next decade, and be guided by a collective commitment to invest in credible, comprehensive and country-owned plans, develop new tools to mobilise private capital, spur and scale innovation, and manage risk.
The alliance will also engage and leverage the capacity of private sector partners ? from women and smallholder farmers, entrepreneurs to domestic and international companies, it said.
G-8, as it is called, is the exclusive group of top eight economic nations of the world powers. It is made up of the leaders of the United States, Japan, Britain, Germany, France, Italy, Canada and Russia.
According to Camp David declaration, the G-8 reaffirmed its commitment to the world's poorest and most vulnerable people, and recognises the vital role of official development assistance in poverty alleviation and achieving the Millennium Development Goals.
"As such, we welcome and endorse the Camp David Accountability Report which records the important progress that the G-8 has made on food security in consistence with commitments made at the L'Aquila Summit, and in meeting our commitments on global health, including the Muskoka initiative on maternal, newborn and child health," it said.
For over a decade, the declaration said the G-8 has engaged with African partners to address the challenges and opportunities afforded by Africa's quest for inclusive and sustainable development.
"Our progress has been measurable, and together we have changed the lives of hundreds of millions of people. International assistance alone, however, cannot fulfill our shared objectives," the declaration said.
In addition of reduction in poverty, it noted, the task is also to foster the change that can end it by investing in Africa's growth and also recognises its expanding role in the global economy, and its success.
"As part of that effort, we commit to fulfill outstanding L-Aquila financial pledges, seek to maintain strong support to address current and future global food security challenges, including through bilateral and multilateral assistance, and agree to take new steps to accelerate progress towards food security and nutrition in Africa and globally, on a complementary basis," the declaration added.
First Published: Sunday, May 20, 2012, 12:01