Go Finance Reporting in JAKARTA - The last few years Asian experience in the development and advancement of the attention on the millennium development target program or the Millennium Development Goals (MDGs).
However, homework is piling up. Therefore, there are still 900 million people of Asian society living below the poverty line and 1.9 billion people who do not get the Asian community sanitation access, 450 million people access clean water difficulties.
Managing Director of Asian Development Bank, Rajat M. Nag Rajat claimed all this time his side has a role to help countries in Asia to achieve the millennium development targets.
He said the ADB has provided loans amounting to three times more specific for MDG-related programs. He considered, the role of the private sector is very important and need huge investments.
"Because, from 14 developing countries in Asia Pacific need to be approximately $ 8 billion a year to achieve the MDGs," said Rajat, "in discussions about the MDGs in the title of the World Economic Forum on East Asia, in Jakarta on Monday (06/13/2011) .
The amount of financing and funding needs can be exploited by optimizing the revenue from the taxation sector. Because, he said, countries in Asia, have a collective level of taxes collected on average only 10 percent (tax ratio). It should be carried out not only boost the mobilization of tax revenue, but also improve the system and tax management.
UN Secretary General Special Adviser to Jeffrey Sanchs MDGs program proposed for optimizing the withdrawal of tax to fight poverty and achieve other MDG targets.
He emphasized that countries in Asia were asked not get your hopes up and rely on aid budgets of developed countries. "The United States does not have a policy of budgetary allocations for social programs. Wall Street bonuses are too large, so they forget to donate to poor countries, "said Sanchs.
Assistant Secretary-General of inter-agency policy coordination and Thomas Stelzer reaffirmed the commitments made by leaders of both developed and developing countries to achieve MDGs by 2015.
According to him, in the year, the level of welfare and community life of the world, including in Asia, should be better. Governments in each country have a hard enough task. Therefore, there is still one billion people are starving the world community. While poverty rates in Asia, have declined by 13-60 percent, and only the remaining 19 percent in East Asia.
Related to funding, in general, the investment will come in and can be maximized to finance the MDGs. The private sector must be embraced to not only invest for the sake of profit alone, but also care about social life.
Although less desirable, it still saw great potential for public funding through investments in social sector. "CSR can be done, but now also started to Corporate Social Investment," said Thomas. (GoFinance)
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