“Official development aid should be reserved for the poorest countries,” said Development Cooperation Minister Alexander De Croo (Open VID) on Saturday at the 91st Commission on Development, organized in the framework of Spring Meetings of the International Monetary Fund (IMF) and the World Bank in the United States.
The Belgian Deputy Prime Minister has listed a series of developments relating to development aid. According to him, the private flows towards these countries have quintupled since 2000, so that, at present, private investment exceeds public aid to developing countries development in Asia, South America and Africa.
“In a world in perpetual change, the financing of development must also evolve, “he says.” Public aid must remain important, but it must serve the poorest countries “.
According to the minister, “smart financing for development is necessary to foster the emergence of private capital and own financial means. The budget for development aid must be invested effectively, “he added, adding that the World Bank is on the right track.
“We must ensure that quantity goes hand in hand with quality, that supply and demand balance and that the means be used effectively to reach the most disadvantaged “.
For the Minister, it is necessary to invest in the reduction of the digital divide between countries. According to him, the World Bank is well placed to support universal access to the Internet. “The new technologies contribute to the development of societies “, He continues. “In sub-Saharan Africa, more than 55% of the population has no identity document. Gold with identity cards people could access health care more easily and education “.
According to him, women tend to invest more in care health and well-being of their families than men. Since then, “If women have access to online payment services, they can invest more easily in the future of their children. ”
Alexander De Croo, who was in New York earlier in the week for a meeting of the United Nations, had already stressed the importance of digitization for development financing. He took part the first negotiations on the draft outcome document the Conference on Financing for Development, which will be held in July in Addis Ababa (Ethiopia). This agreement must focus on the new objectives of sustainable development, which will be adopted in September during a summit meeting the United Nations and which will be broader than the millennium goals.