Washington, US (PANA) - The President of the African Development Bank (AfDB), Donald Kaberuka, Friday joined US President Barack Obama, several African heads of state and leaders from the public and private sectors in Washington for the launch of a new initiative that aims to reduce poverty and stimulate economic growth.
The launch of The New Alliance for Food Security and Nutrition coincides with the Group of Eight (G8) Summit, which is being hosted at Camp David, the US Presidential retreat near Washington. The G8 consists of the world’s largest economies.
According to an AfDB press statement, the new alliance aims to strengthen food security and nutrition by bolstering agricultural investment, spurring innovation and engaging more partners from the private sector.
G8 member nations will support these efforts and ensure accountability.
During a panel discussion at the launch, Kaberuka spoke about the steps that must be taken to improve food security and stimulate economic growth, saying that improving Africa’s infrastructure, transportation, access to water and trade would drive economic growth in the same way that it has in countries like India.
He added that it would not only take money, but imagination as well.
The panel was immediately followed by a keynote speech from President Obama, who stressed the importance of food and nutrition security not only for developing nations, but also for the good of the global economy.
He told the audience that improvements in this area were “Not only a moral imperative, but an economic imperative as well.”
Presidents Obama and Kaberuka will be together again on Saturday with other G8 leaders, several African heads of state and a select group of executives from the private sector for an intimate session at Camp David. Again, the topic will be food and nutrition security and its influence on Africa’s economic prospects.
-0- PANA PR/VAO 18May2012