Armenia, Azerbaijan sign US-brokered peace roadmap to end decades of conflict    Trump, Putin to meet in Alaska on Aug. 15 for talks on ending Ukraine war    Over 60 million visit the Two Holy Mosques in Muharram    King, Crown Prince extend condolences to Ghana over deaths of ministers in helicopter crash    Saudi customs seize 406,000 Captagon pills hidden in sheep wool at Haditha crossing    Red alert issued for Asir as heavy rains, thunderstorms forecast    Netanyahu divides Israelis and allies with plan for new military push in Gaza    Cristiano Ronaldo denies role in Félix transfer, hails Saudi Pro League    Building trust throughout markets with sharia compliant innovation    Saudi stock market may open to global investors, regulator says    AI governance... A necessary good    Saudi relief trucks arrive in Syria's Sweida province with humanitarian aid    SFDA marks World Breastfeeding Week with awareness push on mother-child health    Over 40,000 apply for Saudi Premium Residency in 18 months as benefits attract investors    Al Hilal fined, banned from next Saudi Super Cup after withdrawal    Ed Sheeran surprises fans with Irish performance    'The Walking Dead' actress Kelley Mack dies at 33    Danish zoo asks for unwanted pets to feed its predators    Al Qadsiah sign Saudi starlet Musab Al Juwayr from Al Hilal    Salm Al-Dawsari returns to Al Hilal training after injury layoff    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



G20 Growth Needs to Benefit the Poor, Groups Say
Published in Saudi Press Agency on 14 - 11 - 2014

A forum of NGOs at the G20 summit in Brisbane says the world's economic leaders should take into account social justice when seeking to boost economic growth.
"The 2 per cent additional growth also has to flow the poorest households in the G20," Tim Costello, who chairs the so-called C20 alliance of civil society groups, told dpa.
The G20 members were to commit to boosting their combined economies by 2 percentage points more than the currently forecast growth by 2018.
"If the benefits only go into profits for the top 5 per cent, it is not real growth but entrenches the inequality. Then the G20 would have failed," he said.
The C20 wants the G20 to commit to developing health and education systems and social networks, Costello said, arguing that social infrastructure is as important as hard infrastructure.
He criticized the Australian G20 presidency for placing the emphasis on economic growth without due consideration of global social imbalances.
"Those with the power to change the world have to take into account the most vulnerable, especially children and people living in extreme poverty," said Costello, also the chief of development aid group World Vision.
More than half the world's poor live in G20 countries. "Six hundred million young people are unemployed worldwide. Why don't we have targets in addressing youth unemployment?" Costello told reporters in Brisbane.
"Strong decisive action is needed by G20 leaders."
The C20 met alongside G20 task groups in the run-up to the leaders' summit and submitted a communique urging the forum to address economic inequality, job creation, infrastructure development, climate change, and tax avoidance and corruption.
-- SPA
11:18 LOCAL TIME 08:18 GMT
تغريد


Clic here to read the story from its source.