Global South-South development expo opens in Kenya
29 October 2013, 08:42
Nairobi - The 2013 global South-South development expo was opened in Nairobi on Monday with UN Deputy Secretary General Jan Eliasson expecting emerging nations to contribute more to a peaceful and prosperous world.
"The global South has made tremendous progress in all aspects of human endeavor for the last decade. Developing countries are the new frontier for economic and technological progress that has impacted on the entire world," Eliasson said.
Since its launch in 2008, the expo has fostered fruitful cooperation in tackling global challenges including hunger, poverty, climate change and diseases.
The international community supports partnership among emerging nations to share experience and best practices that would catalyze sustainable development.
The conference brought together senior delegates from 150 countries and across the UN system to discuss development challenges by harnessing and exchanging innovative solutions developed in the global South.
According to the UN, over 5 trillion U. S. dollars in reserves are today held by countries of the South, which now also account for 47 percent of global trade. This unmatched economic development opportunity could be one of the main engines of growth in the years ahead.