The Future of Asia 2012

Eliminating Poverty Requires Assistance, Investment Mix

Thursday, May 23, 2013

TOKYO (Nikkei)--Bringing the world's poorest out of poverty requires a combination of assistance and investment if development is to be sustainable, argued the heads of two aid organizations on Thursday in Tokyo.

Fazle Hasan Abed, founder and chairman of development organization BRAC, said that the world's poorest were not able to improve their lives through money alone. He was speaking at the 19th International Conference on The Future Of Asia held Thursday in Tokyo.

"You can help the world's poorest people with assistance more than investment," Abed said. "You need to provide nutrition and education to get the poorest to an appropriate level for entering industry," said the chairman.

"We need to provide skills training so people have an opportunity to earn income," he added.

Akihiko Tanaka, president of the Japan International Cooperation Agency (JICA), said his organization is extending comprehensive support to poor countries, including building schools and providing clean hospitals. By giving such support, "investment in infrastructure will result in reducing poverty," he added.

Titles of speakers, names of companies, etc., were correct as of the time when the forum was held.