GALLERY: March in Cape Town
See photos from the pro-Palestinian protest over Israeli action in the Gaza Strip held in Cape Town.
GALLERY: Bulls in training
Here's something for the ladies. See some of your favourite Bulls players in action during training.
Search News24
      : Economy Get News24 on your mobile Terms & conditions 
Homepage
South Africa
Africa
World
Sport
Entertainment
Sci-Tech
Finance
Health
Galleries
 
SA Politics
Zimbabwe
Aids Focus
More...
 
MyNews24
Columnists
Sports Columnists
Feedback
 
National Lottery
UK Lottery
Travel
Competitions
Horoscopes
TV Guides
Classifieds
Food
 
Sudoku
Aces High
Silly Solitaire
Word Cube
Make 24
Golf Solitaire
Battleship
More games
 
Stidy
The Biggish Five
Treknet
 
Newsletters
Weather

Cape Town:
18-23°C

Durban:
24-33°C

Johannesburg:
17-28°C

Weather Page

Traffic
Gauteng KwaZulu-Natal Eastern Cape Western Cape
All regions
Indicators
Rand/$ 9.6800
Rand/£ 14.7600
Rand/€ 13.2400
Gold/oz $855.12
Gold Mining 2267.92
-1.00%
All-share index 22287.38
+0.21%
 
Top 10 diet stories of 2008
It's the time of year that everyone makes diet resolutions. It's also time to reflect on some of the more startling diet revelations of 2008.

 
Afrikaans
English

'Nepad could fizzle out'
20/10/2002 18:51  - (SA)  

Want to know more?
Answerit can help.
  • Zuma urges lawyers to help
  • Mariette le Roux

    Johannesburg - The New Partnership for Africa's Development (Nepad) ran the risk of faltering if steps were not taken immediately to put its objectives into action, a conference of continental finance ministers warned on Sunday.

    "This is definitely the time for action. If there is no action, Nepad will fizzle out in a very short space of time," United Nations Economic Commission for Africa (ECA) spokesperson Peter da Costa told reporters in Sandton, Johannesburg.

    He said this was one of the points mentioned in a draft ministerial statement compiled during a conference of African ministers of finance, planning and economic development on Nepad - held under the auspices of the ECA this weekend.

    To protect Nepad from an early death, the ministers agreed on several steps, including getting a good governance peer review system underway as soon as possible - probably early next year.

    They also undertook to urgently look at possible regional cross-border projects such as infrastructure development, and getting civil society and the private sector involved in Nepad early on, Da Costa said.

    Another priority would be to incorporate the global ideals of Nepad into the planning and policies of every African country.

    The final ministerial statement is to be presented to African heads of state prior to the next meeting of Nepad's implementation committee in Abuja, Nigeria, next month.

    Other proposals in the draft included clarifying the objectives of Nepad.

    Da Costa said the development plan was often regarded as a list of projects.

    "Nepad is a framework for collaboration and co-ordination rather than an implementation agency," he said. "It is not a source of new resources for Africa, but rather a mechanism to create space to engage stakeholders beyond government."

    The draft statement stressed the need for Africa to mobilise resources within itself for Nepad to go forward, rather than looking at donors.

    It also underlined the importance of poverty reduction programmes and concentrating on long-term growth rather than short-term macro-economic performance.

    The ministers furthermore emphasised the need for HIV/Aids to be included in Nepad's programmes as it posed a major threat to the continent's development.

    The draft called on donors to "get their act together", Da Costa said, "particularly in the areas of quality and volume of support, moving from tied aid to untied support based on Africa's own priorities".

    It also criticised a World Bank and International Monetary Fund mechanism, called the Highly Indebted Poor Countries initiative, set up to improve debt relief.

    "They (the ministers) want Africa as a whole to think about a new approach to addressing the debt issue," Da Costa said.

    The conference, initially scheduled to close on Monday, was now expected to end on Sunday afternoon.

    It was attended by more than 60 ministers and about 500 other participants, including central bank governors, academics, researchers and civil society and private sector representatives.

    This was the largest gathering yet on Nepad at policy making level since the plan was adopted by the African Union in July.

    - SAPA



    What is this?
    Yahoo Digg Del.icio.us Facebook Brought to you by OUTsurance Car Insurance
     
    News24 Headlines on your Facebook profile News24 on mobile  


     
     


    About us | Advertise | Contact us | Job opportunities | Press Releases | Site map

    Back to top
     Jobs
    Senior Key Account Manager
    Gauteng - North/Sandton
    Medical / Healthcare
    Senior Key Account Manager
    Gauteng - North/Sandton
    IT / Telecomms
    Management accountant
    South Africa
    Accounting / Finance / Auditing
    Information Security Specialist Sandton ? Negotiable
    Gauteng - Johannesburg
    IT / Telecomms
    Functional DBA Sandton ? Negotiable
    Gauteng - Johannesburg
    IT / Telecomms
     Sponsored links
    Life Insurance
    Car Insurance
    UK Lottery
    First for Women
    Your Homeloan
    Bid or Buy
    Medical Aid
    Education
    Loans & Credit Cards
    Compare Quotes
    Life Insurance for Women
    Car Servicing & Repair