SHANGHAI CONFERENCE: POVERTY IN THIRD COUNTRIES REQUIRES JOINT EFFORTS

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BEIIJING/SHANGHAI, May 27 (RIA Novosti) - Poverty in developing countries requires coordinated efforts, Russian Deputy Foreign Minister Andrei Denisov said in a RIA Novosti interview.

"Socio-economic difficulties in many regions of the developing world require coordinated international efforts to overcome poverty," said the deputy minister.

He is attending the current global conference on poverty reduction, organized by the Asian Development Bank (ADB) and the Chinese government, in China's largest megalopolis.

Denisov underscored that the poverty problem had been firmly fixed on UN's economic agenda. Russia, he noted, "is pursuing the strategic course of the international community's commitment to eliminating poverty, laid down in the UN's millennium declaration." At the same time, the deputy minister said the task set by the UN to reduce poverty by 50% before 2015 requires relevantly mobilized financial resources.

The shortage of funds is a major obstacle on the way to solving this task, said Denisov.

In this context, he emphasized that Russia hailed the decisions of the International Conference on Financing of Development and also some countries' commitment to increasing the official aid to developing countries.

Denisov also recalled that the Shanghai conference on poverty announced the decision of the Chinese government to increase the financing of the ADB programs aimed at the development and poverty reduction by several tends of millions of dollars.

"Russia is investing efforts and will continue increasing its contribution to the development, and not only by writing off debts of developing countries and offering them tariff preferences," said Denisov. He recalled that the fight against poverty was one of the priority areas of Russia's social and economic policy.

The Russian deputy foreign minister also said that the Russian government assigned priority to the social policy. He added that the task was not only to soften the consequences of the reforms and support social layers with low incomes, but also to encourage development factors by involving the labor, intellectual and creative potential of its citizens in the country's economy.

"We consider these efforts as a contribution to the joint international efforts to achieve one of the most important tasks of the Millennium Declaration - to reduce global poverty by half before 2015," said Denisov.

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