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	<title>Inter Press ServiceWSSD: Rich Nations Cling Tightly to Purses</title>
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		<title>WSSD: Rich Nations Cling Tightly to Purses</title>
		<link>https://www.ipsnews.net/2002/08/wssd-rich-nations-cling-tightly-to-purses/</link>
		<comments>https://www.ipsnews.net/2002/08/wssd-rich-nations-cling-tightly-to-purses/#respond</comments>
		<pubDate>Fri, 30 Aug 2002 00:00:00 +0000</pubDate>
		<dc:creator>Thalif Deen</dc:creator>
				<category><![CDATA[Development & Aid]]></category>
		<category><![CDATA[Environment]]></category>
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		<category><![CDATA[Global Geopolitics]]></category>
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		<description><![CDATA[Thalif Deen]]></description>
		
			<content:encoded><![CDATA[<p><font color="#999999"><p class="wp-caption-text">Thalif Deen</p></font></p><p>By Thalif Deen<br />JOHANNESBURG, Aug 30 2002 (IPS) </p><p>A senior U.N. adviser has blasted Western donors for reneging on promises to assist poorer nations &#8211; even as a longstanding plan for a poverty fund risks being rejected by the World Summit for Sustainable Development (WSSD), which ends next Wednesday.<br />
<span id="more-81394"></span><br />
&#8220;It will be a great disappointment if the summit does not come up with new financial commitments to help fight poverty,&#8221; Jeffrey Sachs, special adviser to U.N. Secretary-General Kofi Annan, told IPS.</p>
<p>At the U.N. Millennium Summit in September 2000, 189 world leaders made specific commitments and pledged time-limited goals to fight hunger, disease and environmental degradation by the year 2015. But the promises have fallen far short of their targets, Sachs pointed out.</p>
<p>If there is a single word to describe WSSD, he said, it would be &#8220;accountability&#8221;.</p>
<p>&#8220;We need money &#8211; and lots of money to meet these goals. But this money,&#8221; he added, &#8220;is not forthcoming&#8221;. The international community needs new commitments, &#8220;not a recycling of old commitments&#8221;, Sachs added.</p>
<p>If U.N. conferences are being dismissed as &#8220;talking shops&#8221;, he said, donor nations have to take the blame.<br />
<br />
Sachs, who is also professor of sustainable development at New York&#8217;s prestigious Columbia University, singled out the United States for special criticism because Washington was abandoning the global war against poverty and gearing itself for a potential new war in the Middle East.</p>
<p>The world&#8217;s richest country, with a 10-trillion-dollar economy, the United States has already decided it will not pledge new financial resources at the summit.</p>
<p>Andrew Natsios, head of the U.S. Agency for International Development (USAID), told reporters his government is already working on several initiatives, specifically in the fields of housing and water.</p>
<p>&#8220;You can sit down and add all these things up,&#8221; said. &#8220;But new financial commitments should be really made in the field, not at international conferences.&#8221;</p>
<p>Since the Millennium Summit, the 133 developing nations of the Group of 77 have been pushing for a global fund to eradicate poverty.</p>
<p>The proposal, which has been kicked around the U.N. system since then, has re-surfaced in the draft plan of action for WSSD.</p>
<p>According to that document, the proposed voluntary fund is aimed at eradicating poverty and promoting social and human development in developing nations.</p>
<p>But the proposed &#8216;World Solidarity Fund to Eradicate Poverty&#8217; is being strongly opposed both by the United States and the 15-member European Union, who say there is no reason to create a new fund to fight poverty.</p>
<p>Lowell Flanders, senior U.N. advisor tracking WSSD negotiations, said the proposal is still &#8220;in brackets&#8221;, meaning it is disputed among participating governments. &#8220;They have not agreed on that. It is still being discussed,&#8221; he said.</p>
<p>Sachs said that if a single penny from each dollar of the gross national product (GNP) of rich nations was set aside for the world&#8217;s poor, a 25-billion-dollar global fund would exist to fight poverty and disease in the poorest nations &#8211; and save eight billion lives.</p>
<p>By providing increased financial resources, he said, rich nations would also be doing themselves a favour, because they need &#8220;to live in a world of stability and prosperity&#8221;.</p>
		<p>Excerpt: </p>Thalif Deen]]></content:encoded>
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