Arab League pledges funding for NEPAD

Sirte- Libya (PANA) -- Financial institutions and the private sector in the Arab world will contribute to the funding and implementation of the New Partnership for Africa's Development (NEPAD), Amr Moussa, the Secretary General of the Arab League, pledged here Monday.
Addressing the opening of the African Union (AU) summit, Moussa said the League backed the initiative in this direction by Senegalese President Abdoulaye Wade and his Egyptian counterpart Hosni Mubarak.
According to him, African and Arab countries have a common destiny and faced similar challenges which must be addressed through co-ordination of their positions and strengthening of co-operation.
Moussa also said the Arab League supported the AU position on UN reform, and called for the adoption of a new approach and innovative vision to enable Arabs and Africans to overcome their problems.
Urging greater co-operation, he said 70 percent of the Arab population were in Africa, and cited efforts by the AU and his organisation aimed at settling the crises in Sudan and Somalia.
"The Arab League will remain in partnership with the AU in its bid to find a solution to the conflict in Darfur (western Sudan)," Moussa added.
He also said: "we back the AU so that it can implement the Millennium Development Goals (MDGs) by the year 2015, consolidate the rule of law and democracy.
" The Arab League chief recalled joint efforts by Africa and Arab countries in the fight against terrorism and measures undertaken in the cultural field to avert possible distortion of the perception and image of people of the region.
"We can only resolve crises through our collaboration and solidarity within the framework of fraternal relations," Moussa stressed.
The UN Secretary General Kofi Annan, as well as the President of the Palestinian Authority Mahmoud Abbas, and President of the European Commission José Manuel Barroso, were among dignitaries at the opening ceremony of the AU summit under the chairmanship of Nigerian President Olusegun Obasanjo, with host Libyan leader Colonel Moammar Kadhafi also in attendance.

04 july 2005 19:53:00

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