icdalogo


Welcome to ICDA
This site is best viewed with

ICDA LATEST


ICDA Latest News
Programme areas
ICDA History

ICDA MEMBERS


Current Members

WTO IMPACT LIST


Subscribe Here
What do you think?

CENNT


Latest News
IWGGT (in construction)

PUBLICATIONS


Latest ICDA Journal (in construction)
Latest ICDA Update (in construction)

VACANCIES


Internship

Book Keeper/Part time administrative Assistant

HELP


FAQ's
About Us
Contact Us
   Search this site or the web        powered by FreeFind
 

 
Site search Web search

icdalogo

LDCS >> 2001 DEVELOPMENT REPORT PREDICTS CATASTROPHE FOR LDCS
By: Panafrican News Agency ; Jedna Deida

The repercussions of global recession could be catastrophic for developing countries, UNDP resident representative in Mauritania, Michel de la Taille said in Nouakchott.

At a programme to launch the UNCTAD-prepared 2001 report on trade and development in the world de la Taille Tuesday emphasised how the document is highly critical about the status of the global economy due to the decline in the US economy.

He said that despite the economic recovery accelerated by the commercial "boom" induced by the new technologies, the global economy is following the trend of economic recession in the US, thus casting doubts over possible worldwide economic recovery.

The report recommends that a regulatory body be established to help streamline the global economy.

In response to how Africa could cope with the problem, de la Taille hailed the accelerated sub-regional groupings and integration of African countries to mitigate adverse effects of global economic recession.

Citing the growth rate for Mauritania at 5.4 percent, he recommended prompt diversification of the export sector and the creation of a more favourable environment for business and industry.

----------------------------------------------------------------------------

Copyright 2001 Panafrican News Agency. Distributed by AllAfrica Global

Please click here to go back to WTOMC Page


Last Updated: Friday 9 November 2001 @ 12:16pmCET

Copyright ©E.K.BENSAH II PRODUCTIONS. 1998-2001