In other words, the speed of development and the pace of the reforms should be carefully weighted against people’s capability to absorb relevant shocks. The ultimate goal is to improve people’s living standard. Second, importance should be attached to properly addressing the issues in the development of agriculture and the rural areas, particularly in those countries where agricultural population constitutes the overwhelming majority.
Third, the most effective way to reduce poverty is to help the poor people develop their local economy. African countries play a leading role in their own development. Meanwhile, cooperation and support from the international community are needed. It is worth noting that the economic development is unbalanced among African countries.