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European Commissioners Louis Michel and Peter Mandelson to participate in UN High Level Dialogue on Financing for Development in New York

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Monday, 27 June 2005

European Commissioners Louis Michel and Peter Mandelson to participate in UN High Level Dialogue on Financing for Development in New York

European Commissioner for Development Louis Michel and European Commissioner for Trade Peter Mandelson will be in New York on June 27 and 28 2005 to participate in the UN High Level Dialogue on Financing for Development. This event is an important step in the preparation of the UN Summit in September, which will assess the progress towards the Millennium Development Goals. Both Commissioners call on all to ensure that the UN Summit is followed by concrete efforts to do more, faster and better in the fight against poverty.

Commissioner Michel will stress the strong political commitment of the European Union to accelerate progress towards the Millenium Development Goals, in particular through an increased level of Official Development Aid, as confirmed by the last European Council. Speaking in New York, Commissioner Michel said: “By setting ambitious targets, the EU has consolidated its position as world’s biggest aid donor. The undertaking to increase Overseas Development Assistance to 0.56% by 2010 and 0.7% by 2015 also sets the example for the rest of the donors, looking ahead to a UN Summit which must deliver a dramatic improvement in the lives of millions of people. Business as usual is not an option”.

Commissioners Michel and Mandelson will participate in the Ministerial meeting on June 28. Both Commissioner Michel and Commissioner Mandelson with meet UN Secretary General Kofi Annan. Commissioner Michel will hold meetings with, among other leaders, the President of the General Assembly, Jean Ping. He will present the Commission’s view of the sustainable development, linking it with broader issues including security, environment, health, gender and globalization. On June 28 Commissioner Mandelson will address a Council of Foreign Relations breakfast on the subject of ‘The Progressive Case for Open Markets’.
Agreed at a UN Summit in 2000 by 191 countries, the Millennium Development Goals set out to achieve 8 key poverty-reduction objectives by 2015. These include cutting by a half the number of people living in extreme poverty (less than $1/day), cutting by two thirds children mortality and providing access to primary school for all children.
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