NEW UN PARTNERSHIP TO FOCUS ON TRADE REFORMS AND POVERTY REDUCTION IN ARAB COUNTRIES

---------- Forwarded message ----------
From: UNNews <UNNews@un.org>
Date: 2 May 2013 18:00:00 -0400
Subject: NEW UN PARTNERSHIP TO FOCUS ON TRADE REFORMS AND POVERTY
REDUCTION IN ARAB COUNTRIES
To: news11@ny-mail-p-lb-028.ptc.un.org

NEW UN PARTNERSHIP TO FOCUS ON TRADE REFORMS AND POVERTY REDUCTION IN
ARAB COUNTRIESNew York, May 2 2013 6:00PMA new partnership announced
today between the United Nations and the International Islamic Trade
Finance Corporation (ITFC) seeks to fight poverty and create jobs
through trade reforms in the Middle East and North Africa.

"Today we find ourselves at a global turning point, with countries of
the South increasingly driving global growth and making rapid progress
on poverty reduction and job creation,"
<"http://www.undp.org/content/undp/en/home/presscenter/pressreleases/2013/05/02/undp-and-the-international-islamic-trade-financing-corporation-join-hands-to-fight-poverty-in-the-arab-world-/">said
the Associate Administrator of the UN Development Programme (UNDP),
Rebeca Grynspan at an event in New York.

According to UNDP, youth unemployment rates in the Arab World are
close to 30 per cent in some countries, and region-wide, only one in
every four women is active in the workforce. The sluggishness of the
economy is partly due to underperforming regional trade.

The 'Aid for Trade Initiative for Arab States' partnership seeks to
spearhead trade reforms with the aim of bringing about economic growth
to poor populations.

"UNDP's priority in the region is to help Arab countries find the path
to sustainable human development, and employment generation is perhaps
the most important step on that journey," said UNDP Assistant
Administrator Sima Bahous, who heads the organization's bureau for the
Arab States region.

The initiative was endorsed by the 3rd Arab Economic and Social
Development Summit, held in January in Riyadh, Saudi Arabia. It is
funded by the International Islamic Trade Finance Corporation – a unit
of the Islamic Development Bank Group – as well as the Governments of
Kuwait, Saudi Arabia and Sweden, and UNDP.May 2 2013 6:00PM
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