Cenomi Centers and Unibail-Rodamco-Westfield forge landmark partnership to shape future of retail real estate in KSA    Saudi Arabia's budget posts quarterly deficit of SR58.7 billion    Saudi Arabia tops in e-government services in MENA region for 3rd year in a row    Israel approves Gaza 'conquest' plan    Brazil police thwart bomb attack on Lady Gaga concert    Trump renews threat of military force to annex Greenland    Hamas executes Palestinians for looting as desperation grows under Israeli blockade    Interior minister launches 911 operations center in Madinah    Indonesian president visits Makkah Route Initiative lounge in Jakarta    African national arrested for transporting 4 women expats to Makkah without a Hajj permit    Al-Rajhi launches package of qualitative initiatives in occupational safety and health "Rate of work-related fatalities drops to less than 1 per 100,000 workers"    Dar Wa Emaar, in partnership with NHC, launches "Saraya Al Sharq" project in Dammam with an investment volume of SR750 million    Firmino named AFC Champions League Elite MVP after inspiring Al Ahli's title run    Al Hilal's Salem Al Dawsari clinches AFC Champions League Elite top scorer award    Al Ahli's Mendy named Best Goalkeeper of AFC Champions League Elite 2024/25    Al Ahli books 2029 Club World Cup ticket with AFC Elite crown    Prince Harry calls for reconciliation after losing UK security appeal    US songwriter Jill Sobule dies in house fire    New Parkinson's Pump therapy introduced at King's College Hospital London in Dubai First-of-its-kind treatment offers a new lease on life for the youngest Parkinson's patient in the UAE and MENA region    King Charles sends heartfelt message to fellow cancer patients    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    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.



Rice, Sirleaf Launch International Development Summit
Published in Saudi Press Agency on 22 - 10 - 2008

U.S. Secretary of State Condoleezza Rice on Tuesday stressed the need for international mutual development is “morally and strategically essential.”
Speaking at the daylong White House Summit on International Development in Washington, DC, she said that though the United States and much of the world is in the midst of a financial crisis, the focus on developing countries must not be lost. The summit was attended by American lawmakers and the international diplomatic corps.
The initiative, which is organized by the White House, also works in conjunction with the U.S.-led Millennium Challenge Corporation (MCC), who is a U.S. initiative that aims to promote good governance, economic freedom, and investments in the citizenry of poor and developing countries. The MCC has allocated $7.5 billion in grants to developing countries.
Calling such an initiative a “special and unique” opportunity, Rice said that the summit takes place as the world is facing “unprecedented challenges,” citing the financial, food, and oil crises.
Despite such challenges facing both the United States and the international community, Rice said we “must focus on the fundamentals… on the people” that are facing poverty and sustainability, and continue to show “enduring support for these men, women and children.”
“When times are hard…every nation is focused on [taking care] of its own interest” adding though, that we cannot forget those internationally that are still very much in need.
While the United States has taken “decisive and necessary action” in addressing the widespread financial crisis, the world must still stress “renewed action to promote global trade” which is the key to prosperity. “There is no aspect of our work together that is more important,” she added.
“Developed nations must help those developing nations,” Rice said, emphasizing the importance of “accountability” for nations that have agreed to be part of the MCC.
But, Rice also made a point to say that the United States does not see impoverished nations as a cause, but as “partners” in the cause of international development.
Rice was also joined by Liberian President Ellen Johnson Sirleaf, who thanked U.S. President George W. Bush for saying “enough is enough,” and working to end the civil conflict in her country five years ago.


Clic here to read the story from its source.