USAID Administrator Delivers Landmark Speech on Economic Growth and Global
Poverty Reduction
WASHINGTON, April 18 /PRNewswire-USNewswire/ -- U.S. Agency for International
Development (USAID) Administrator, Henrietta Fore, delivered the keynote
address at today's inaugural Millennium Campus Network conference, part of the
Global Poverty Initiative hosted by Massachusetts Institute of Technology.
The Administrator outlined USAID's Economic Growth strategy with the goal of
reducing poverty worldwide.
"The most powerful means to reduce poverty is rapid, broad-based and
sustained economic growth... It is the only sustainable means for countries
to generate the resources they need to increase literacy, to improve health,
and to address other development challenges, that will allow them to emerge
from dependence on foreign aid," said Fore.
USAID's Economic Growth strategy is based on the objective of helping its
partner countries to achieve economic growth of at least two-percent per
capita, per year. In order to achieve this goal, USAID economic growth
programs will seek to support systemic reforms of the policies and
institutions that drive growth and that can mobilize much larger savings and
investment by others. The strategy supports initiatives to develop
well-functioning markets, improve access to productive opportunities for the
poor, women and other disadvantaged groups, and to strengthen the
international framework of policies, institutions and public goods that
promote growth in poor countries. USAID's goal is to achieve large and
systemic impacts that result in economic growth that affects thousands of
businesses and millions of people.
The Millennium Campus Network is (MCN) is an organization of university
student groups committed to promoting sustainable international development.
Member organizations of the MCN are actively engaged in projects to eradicate
extreme poverty in the spirit of the UN Millennium Development Goals.
For more information about USAID and its Economic Development programs, visit
www.usaid.gov.
The American people, through the U.S. Agency for International Development,
have provided economic and humanitarian assistance worldwide for nearly 50
years.
Public Information: 202-712-4810
SOURCE U.S. Agency for International Development
USAID Press Office, +1-202-712-4320
