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External capital needed to achieve MDG’s – President

Sep 23, 2010 5:56:32 AM - itnnews.lk

President Rajapaksa has said that external capital is required in achieving the Millennium Development Goals (MDG’s) and for sustainable functioning. President Rajapaksa expressed this view while addressing the Millennium Development Conference which was held prior to the 65th UN summit of the Heads of State.

The President said the Government is set for itself the goal of advancing in 8 key areas by 2015. Today, while 5 years are left, the country has achieved mixed results. Achieving Millennium Development Goals becomes ever more important in the collective interest. The result of the global economic and financial crisis has severely reduced access to external resources and private capital flows.

He said that in such circumstances there should be greater commitment. He noted that the development to be sustainable, should include protection of environment. He said that he is deeply convinced that Buddhist tradition should guide them in policy making.

Meanwhile, representatives of the Presidential Media Unit in New York said the President is due to address the General Assembly of the UN today at 8.00pm Sri Lankan time.