from Commonwealth Finance Ministers Meeting
At a meeting that proved to be a gathering that stimulated
discussions about the current situation in the world economy and the
future development prospects, Finance Minister last week attended the
Commonwealth Finance Ministers held in Brunei.
The meeting also focused on a special theme concerning the attainment
of development goals and the delivering of basic services to the poor.
The World Bank, which was present for the meeting, submitted its World
Development Report for 2004 which highlighted the need to make services
work for poor people.
These well-attained analysis provides a basis on what action needs to
be taken to secure an ongoing progress towards the possibility of eradicating
global poverty Various interventions, including that by Minister Dalli,
expanded on opinions and remarks on solutions aimed to combat world
Most of the attending Commonwealth states also made reference to last
weeks WTO meeting in Cancun and which failed to secure positive
trade developments. A number of small island states contributed by zooming
in on their specific problems and challenges, such as market access,
the effects of global warming and the adherence to strict fiscal regulations
such as those emanating from the OECD and FATF bodies.
Other interventions voiced their concern on serious health matters such
as the HIV-AIDS crises have on their economies. A number of progress
reports which were forwarded, provided for an analytical observation
of the past year and generated active participation by Commonwealth
The areas covered included action towards the promotion of investment.
The meeting proved to revive the ongoing process at attaining progress
towards the millennium development goals, which basically aim at eradicating