I think now is the time to change the policy stance and also strategies. Global financial resources may have in recent years been directed toward financing of unsustainable financial deficits and debt-ridden countries, and little toward growth and job creation.
In the continuing search to establish an international financial framework conducive to helping developing countries eliminate poverty, the international community, in early 2002 came up with a new paradigm which, in principle, could signal a new partnership in international co-operation between the multi-lateral agencies, the industrialized and developing countries.