Economic Growth Key To Unpoverty Goals:IMF
Monday, September 20, 2010
In a position note before a United Nations summit of world leaders next week to take stock of the U.N. Millennium Development Goals (MDGs), the IMF said the goals will be difficult to meet without restoring growth.
Leaders are expected to stick to the eight goals but are unlikely to make ambitious new promises including on aid.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...