BY NEW BUSINESS ETHIOPIA REPORTERWith objective of promoting the learning on economic growth and poverty reduction, the China-DAC Study Group shares China's experience to Africans on wealth creation through transformation of poor rural economies.
During the fourth experience sharing meeting of the China-DAC Study Group opened here today (February 16, 2011)) in Addis Ababa at the Hilton Addis, the group is also discussing public policies and private initiative in China and Africa along side shaping basic capacity for enterprise development focusing on human resources, institutions and regulations in China and Africa.
The meeting which will stay for two days focuses on China’s experience of economic growth and poverty reduction and China’s economic co-operation with Africa and the lessons that China and DAC Members can share with each other to increase the collective impact of foreign aid on reducing poverty in Africa.
According to the information newbusinessethiopia.com received from the African Union Communication office, the contribution of international assistance, and its relevance for other developing countries, particularly in Africa will also be assessed.
These themes are being addressed during a series of evidence-based policy dialogue events, which enables a larger number of stakeholders to be involved in the Study Group’s activities.
In order to reflect the needs in many African countries today, the Study Group organized three events during 2009-2010 on topics which influence both the pace of economic growth and the extent to which economic growth contributes to reducing poverty.
The meeting is expected to highlight the significant role that enterprise development, trade and investment play in the creation of local, regional and global value chains and the dynamic impact on economic growth, employment and poverty reduction in China and African countries.
In addition it also plan to map out the course, strategies, achievements and challenges of China and African countries in creating enabling environments for enterprise development and explore the relevance and implications of the lessons from each.
The main findings and emerging lessons from the Study Group’s series of events will be presented and discussed at a policy symposium in Beijing planned for April 2011.
The China-DAC Study Group was established by the International Poverty Reduction Centre in China (IPRCC) and the Organization for Economic Co-operation and Development’s Development Assistance Committee (OECD-DAC) in January 2009.
The Study Group’s first event on “Development Partnerships for Growth and Poverty Reduction” took place in Beijing, China in October 2009. The second event on "Agriculture, Food Security and Rural Development for Growth and Poverty Reduction" took place in Bamako, Mali in April 2010. The third event on “Infrastructure” took place in Beijing, China in September 2010.