UNIDO, Global Federation of Competitiveness Councils commit to promote sustainable economic growth

Kandeh Yumkella - Director General of UNIDO

The United Nations Industrial Development Organization (UNIDO) and the Global Federation of Competitiveness Councils (GFCC) will work closely to promote sustainable economic growth after both signed a joint agreement for the purpose, a statement from the UN Agency March 25, 2012 has said.

UNIDO’s Director-General, Kandeh K. Yumkella, and the Chairman of the Global Federation of Competitiveness Councils, Charles Holliday, who is also the Chairman of Bank of America Corporation signed the joint declaration.

“UNIDO and GFCC are establishing a strategic partnership to mobilize a critical mass of leaders and experts in order to promote sustainable economic growth and develop effective global competitiveness policies and strategies, high-value innovation business activity, scientific and technological collaboration and innovation-based growth,” said Yumkella, according to the statement.

He added “Our cooperative effort will create a platform for mutual exchange and innovative activities that will fuel productivity growth and economic prosperity. Our aim is to further engage in the global economy, manage risk and achieve resilience – as these are critical drivers for long-term, sustainable growth and competitiveness. Building strategic innovation partnerships with public and private sector leaders abroad provides opportunities to gain insight and leverage in the arena of global competition.”

Yumkella and Holliday co-chair the UN Secretary-General’s High-level group on Sustainable Energy for All, which is working to implement three complementary targets 2030: to ensure universal access to modern energy services; to double energy efficiency; and double the share of renewable energy in the global energy mix.

By Ekow Quandzie

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