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G20 ministers pledge support for development

Posted: 23 Sep 2011 10:31 PM PDT

WASHINGTON: The Group of 20 (G20) leading economies' finance and development ministers on Friday pledged to address development challenges as part of the global economic agenda, as developing countries worry about the spillover effect of debt crisis and slowing growth in advanced economies, China's Xinhua news agency reported.

The G20 meeting, which took place on the sidelines of the annual meetings of World Bank and International Monetary Fund in US capital Washington, reiterated the commitment to the Seoul Development Consensus, which put development as a key element of the agenda for global recovery, mapping out the group's work in partnership with other developing countries.

According to a communique issued by the G20, the ministers reviewed ways to

strengthen food security and infrastructure to "maximise growth potential and
economic resilience in developing countries," in preparation for the G20 Summit
due in November in Cannes, southern France.

The ministers said they intend to improve global food security through research, innovation and dissemination mobilizing the G20 agriculture networks.

They also announced a pilot project led by the Economic Community of Western
African States for a targeted regional emergency humanitarian food reserve.

The meeting took place on the backdrop of a worsening Eurozone debt crisis,
which threatens to undermine confidence and throw global economy into
territories of more uncertainty.

The G20 acknowledged that the economic crisis disproportionately affect the
most vulnerable people, and calls for mechanisms to offer better protection and
ensure a more inclusive growth path. It also welcomes participation of the
private sector in the development agenda. - Bernama

Death toll rises to 7 in Colombia mine accident

Posted: 23 Sep 2011 10:30 PM PDT

BOGOTA: Rescue personnel found two more dead miners killed in a coal mine explosion in Colombia's central province of Boyaca Friday, raising the death toll to seven, China's Xinhua news agency reported.

Carlos Ivan Marquez, the National Emergency director, said authorities are still hopeful for survival of four of the 11 people confirmed to be working 300
meters underground in the mine named Diamond when the blast struck.

Rescue workers intensified their efforts Thursday and took advanced
oxygen and artificial respiratory equipment deep down to the spot where the four
miners, whom they believe are still alive, are trapped.

According to authorities, the coal mine, located near the capital, had been
operating with all necessary legal papers.

Colombia has lost at least 45 miners in mining accidents this year alone,
and in most cases, the mines involved were found to have violated safety
regulations. - Bernama

Kredit: www.nst.com.my

Jumaat, 23 September 2011

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