China's Vice Finance Minister Li Yong said in Rome Wednesday that efforts should be made to work out better strategies in reducing poverty around the world.

Addressing the 28th session of the International Fund for Agriculture Development (IFAD) meeting, Li, who heads the Chinese delegation, said the international community should work together to find a more coordinated global strategy of poverty reduction, a fairer and more efficient aid mechanism for development and a wider and more significant anti-poverty strategic partnership in order to achieve the UN Millennium Development Goals (MDGs).

Developing countries as a whole was put into a disadvantaged position when faced with the challenges of economic globalization, he said, adding that these countries have the common problems of development fund shortage, heavy debt burden, worsening trade conditions and backward technologies.

Industrialized countries should give more consideration to the interests of the developing countries and adopt favorable policies in opening market, increasing aid, transferring technologies and reducing debt to create a better environment for them to a chieve asustained and stable development, he said.

Developing countries, Li said, should take a more active part in international cooperation and participate in a constructive way in the process of economic globalization.

They should also make efforts to increase the capacity of self-development and attach greater importance to institutional and technological renovation in order to have a better share in the fruits of economic globalization and sci-tech progress, he added.

Meanwhile, international development organizations, including the IFAD, should give a better play to their respective advantages and strengthen cooperation and coordination among one another to promote resource shift and spread scientific development concepts, he said.

The IFAD is a specialized UN agency founded in 1977 to combat hunger, poverty and famine in developing countries, especially in rural areas.

Lennart Bage, a Swede, was re-elected as president of the organization during the present session and will serve for another four years until April 2009.

Bage had worked in the Swedish Foreign Ministry for many years. He was elected the fourth president of the IFAD in February 2001, the first from an industrialized nation.

Source: Xinhua