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VIENNA, Nov. 29 () -- Poverty reduction and green industrial development are of equal importance in the Asia-Pacific region, said a representative of the Asia-Pacific Round table Tuesday.Noting the large population living below the global poverty line in the region, UNIDO (United Nations Industrial Development Organization)'s representative in China Edward Clarence-Smith pointed out that industrialization is the solely effective means to shed poverty, but not at the cost of environment.Future green development should focus on new green industries such as renewable energy development, said Clarence-Smith, calling on the governments to increase financial investment and to introduce supportive policies.UNIDO Director General Kandeh K. Yumkella said that there are still many less developed countries in the Asia-Pacific region. The task of eliminating poverty is hard in the region but the importance to green and sustainable industrial development must be also attached.The Asia-Pacific round table, with the theme of "prosperity for the billions in Asia and the Pacific: green growth and poverty reduction", was hosted by UNIDO.
RIO DE JANEIRO, Feb. 14 () -- Brazil's GDP growth rate could be as low as 4 instead of 5 percent this year if the global financial crisis persists, Finance Minister Guido Mantega said Tuesday."We had said before that, if the crisis was solved, the growth rate would be five percent. But if the crisis persists, the growth rate will be four percent. We have decided that 4.5 percent would be an adequate margin for us to pursue in 2012," he said.The minister stressed that Brazil will grow more this year than in 2011. Even though the official figures will only be released in March, the 2011 growth was estimated at about three percent, which represents a significant fall from 7.5 percent registered in 2010.Mantega also said government investments will grow 10 percent in 2012.In addition, he assured that the budget curtailment for 2012, which has yet to be released, will allow for the rise in the investments and the fulfillment of the primary surplus target of three percent of GDP.The government is expected to announce the curtailment at the end of this week. Special Report: Global Financial Crisis
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