Arab Economic, Social and Development Summit issues "Kuwait Declaration" 2 Kuwait

These challenges, at the local level, were poverty, unemployment, low
living standards, low trade levels and inter-Arab investments, it
noted, as well as the migration of capital and qualified workforce,
weak infrastructure, inadequate education levels and incompatibility
with labor market requirements, food and water security, climate
change, energy, and inefficient use of resources.

As for international challenges, the declaration said the global
economic crisis and unrest in international financial markets, threat
of recession and economic crunch and the impact this could have on
Arab development had all prompted economic blocs and financial
institutions around the world to find suitable means to tackle these
issues and prevent their growth, and this included Arab efforts.

As for Arab economic and social integration, the declaration agreed
on the need to double efforts to achieve comprehensive economic and
social integration among Arab states and to steer clear of any
political aspects and to make it a means to achieve sustainable
social and economic development and achieving the aspirations of the
people for integration in global economy and dealing with
international political and economic blocs.

On the global economic crisis, the declaration called for following
monetary and financial policies that boost the capability of Arab
states to face the global meltdown and actively participate in
international efforts to guarantee the world's financial stability,
as well as activating the role of Arab financial institutions to
increase inter-Arab investments and support Arab economy.

--More