Leaders attending the 2007 Langkawi International Dialogue, LID2007, have been urged to become more practical in implementing policies to facilitate infrastructure development as an effective mechanism for poverty reduction.
About 16 African and Asian leaders, attending the Eighth Dialogue, have been urged to become more innovative in devising new sources of value required for the creation of wealth.
Malaysian Prime Minister, Abdullah Ahmad Badawi, said leaders in developing countries should shift from concentrating on economic rhetoric to becoming innovative by putting in force policies that would create a strong foundation for infrastructure development as a prerequisite for economic growth and poverty reduction.
Mr. Badawi was speaking during a State Dinner hosted in honour of the Heads of State and Government attending the LID 2007 taking place at Berjaya Beach and Spa Resort on the Island city of Langkawi in Malaysia.
The Malaysian leader pointed out that human resource was another significant element in the development process and implored governments and the private sector in developing countries to place priority to the development of skilled human capital.
“Given the central role of people in the development process, it is crucial for developing countries to give priority to the development of skilled human capital,” Mr. Badawi said.
President Mwanawasa is among the 16 African and Asian leaders attending the LID 2007 which is being held in the resort town of Langkawi, Malaysia.
This year’s Dialogue is being held under the theme ‘Poverty eradication through human capital development and capacity building’.
“But for those of us who are decision-makers and public servants, we have a specific role to play; we must create the necessary infrastructure and a police environment which is necessary not only for social and economic development but also conducive for achieving the ultimate objective, that is the eradication of poverty in our community,” He added.
The Malaysian Prime minister was of the view that the development of the small and medium scale industries could effectively generate economic activity and help reduce unemployment levels
among the people.
He challenged participating leaders at LID2007 to put in place deliberate policy measures that would facilitate the channeling of Foreign Direct Investment towards activities that focus on poverty reduction in the respective nations.
LID 2007 is focusing on identifying practical measures that could help reduce the devastating impact of poverty among the people in African and Asian countries.
The Dialogue initiated in 1995, creates a platform for governments, private business sector and civil society to discuss and find solutions to issues affecting the economic developments of the people.
Mr. Badawi said Malaysia has significantly reduced poverty levels through a programme that brought on board the business sector in the provision of healthcare, education, housing and skills training for the people.
Earlier, Lesotho President, Pakalitha Mosisili,said the Smart Partnership principles that promote south-to-south cooperation should be promoted to address the problem of poverty and disease in African countries.
Professor Mosisili was confident that wealth creation should be encouraged as a sustainable measure of supporting efforts of combating the HIV/ AIDS pandemic and poverty that have ravaged people in Sub-Saharan Africa and other developing countries of the world.
He acknowledged the enhanced networking among countries towards the goal of promoting investment for economic growth and improving the living standards for the people.
About 500 delegates are attending the Three-day Dialogue that officially opened today.
President Mwanawasa, as an active member of the network involving governments, would on Tuesday August 7, be convener of a session under the theme ‘capacity building for poverty eradication.’
LID creates a forum for government and the private business sector to exchange views, experiences and lessons on issues affecting economic and social development of African countries.
The Dialogue which was initiated in 1995, has been an effective avenue for the promotion of foreign direct investment in developing countries.