AFRICA'S NATURAL RESOURCES CAN FUEL ECONOMIC TRANSFORMATION -- UN REPORT

---------- Forwarded message ----------
From: UNNews <UNNews@un.org>
Date: 27 May 2013 10:00:00 -0400
Subject: AFRICA'S NATURAL RESOURCES CAN FUEL ECONOMIC TRANSFORMATION
-- UN REPORT
To: news11@ny-mail-p-lb-028.ptc.un.org

AFRICA'S NATURAL RESOURCES CAN FUEL ECONOMIC TRANSFORMATION -- UN REPORT
New York, May 27 2013 10:00AM
Africa must tap into its agricultural, mining and energy resources to
boost its economic growth, argues a new report released in Morocco
today by the United Nations and its partners.

The African Economic Outlook 2013 states that African countries must
take full advantage of their natural resource wealth to accelerate the
pace of growth and ensure the process can benefit ordinary Africans.
It also stresses that this must be accompanied by inclusive social
policies that seek to reduce inequality in the continent.

"Now is the time to step up the tempo of economic transformation, so
that African economies become more competitive and create more gainful
jobs," said the authors of the report, adding that "widening the
sources of economic activity is fundamental to meeting this
challenge."

The report says the continent's economic prospects for 2013 and 2014
are promising, with the economy projected to grow by 4.8 per cent the
first year and accelerate further to 5.3 per cent the next.

However, it emphasizes that economic growth alone will no be enough to
reduce poverty, tackle persistent unemployment, and address income
inequalities and deteriorating levels of health and education.

"Growth is not enough," said Mario Pezzini, Director at the
Organisation for Economic Co-operation and Development (OECD)
Development Centre. "African countries must provide the right
conditions for turning natural resources into jobs, optimise their
resource revenues through smart taxation and help investors and locals
to make the most of linkages."

According to the report, four key elements are necessary for inclusive
growth. These consist of: creating the right conditions for
transformation including infrastructure and the creation of more
competitive markets; implementing more effective tax systems as well
as improving land management; ensuring proceeds from natural resources
are invested in projects that benefit civil society; and actively
fostering economic diversification.

"Ultimately, transformation means opening opportunities so people can
find jobs, create businesses, as well as invest in health, education
and food security. In turn, higher levels of human development for
all, including the most vulnerable, can accelerate the pace of
economic transformation, leading to a virtuous cycle of growth and
development," the UN Development Programme (UNDP) said in a news
release.

The report is produced annually by the African Development Bank
(AfDB), the Development Centre of the Organisation for Economic
Cooperation and Development (OECD), the Economic Commission for Africa
(ECA) and UNDP.
May 27 2013 10:00AM
________________
For more details go to UN News Centre at http://www.un.org/news

Follow us on Facebook (http://www.facebook.com/UN.News.Centre) and
Twitter (http://twitter.com/UN_News_Centre)

To change your profile or unsubscribe go to: http://www.un.org/apps/news/email/



--
President of The United States
Guy Ralph Perea Sr President of The United States
Weatherdata1046am0426 a Discussion Group of
Weatherdata<http://groups.google.com/group/weatherdata1046am0426>
USFMSC
http://www.cityfreq.com/ca/avalon/>
QUALIFY QICP
OCCUPS
http://www.occupationalinfo.org/02/025062010.html
goldlandabstracts; link check
own search engine - The United
States International Policies
http://apps.facebook.com/faceblogged/?uid=1340855784
http://lnk.ms/8d5gl aol
http://groups.google.com/group/united-states-of-american
http://twitter.com/ptusss Federal Communication
Commission<http://columbiabroadcast.spaces.live.com/>

Ambassador Chevy Chase; Kevin Corcran; Jack Nickolas; Cher; Shirley Temple
Black; Liza Minnille; Ansari; Ernest Tascoe; Food, Drug and Cosmetic Act
Agent Jodie Foster; Department of Veterans Affairs Director George H.W. Bush
Title 22 USCS section 1928 (b) The e-mail
transmission may contain legally privileged information that
is intended only for the individual or entity recipient, you are hereby,
notified that any disclosure, copying, distribution, or reliance upon the
contents of this E-mail is strictly prohibited. If you have received this
E-mail transmission in error, please reply to the sender, so arrangements
can be made for proper delivery. Title 42
USCS section 192 etseq Margie Paxton Chief of Childrens Bureau
Director of The United States Department of Human Services; Defendant
Article IV General Provisions Section 2
(Supreme Law of The Land) The Constitution of The United States "Any thing
in The Constitution or Laws of any State to the Contrary Notwithstanding"
Contrary to Law (of an act or omission) illegal;
https://twitter.com/presidentus1