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Sunday, 25 March 2012

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

NEW YORK, 25 March 2012 – The Global Federation of Competitiveness Councils (GFCC) and the United Nations Industrial Development Organization (UNIDO) will work closely to promote sustainable economic growth.

A joint declaration on this was signed in New York today by UNIDO Director-General, Kandeh K. Yumkella, and the Chairman for the Global Federation of Competitiveness Councils, Charles Holliday, who is also the Chairman of Bank of America Corporation.

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.

“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.

“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.”