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Sustainable development promotes intra-and inter-generational equity - MILLENNIUM BIM CEO, MÁRIO MACHUNGO

The Millennium BIM is a partner of the United Nations in the preparatory round table on the Conference on Sustainable Development Rio +20, that focuses on themes such as green economy and sustainable energy for all. What prompted the Bank to join this initiative?

The Millennium BIM is a partner of the United Nations in the preparatory round table on the Conference on Sustainable Development Rio +20, that focuses on themes such as green economy and sustainable energy for all. What prompted the Bank to join this initiative?

The Millennium BIM joined this initiative because it believes that somehow sustainable development brings together the social responsibility that is an activity that the Bank has taken on and which corresponds to the call made by the United Nations (UN). The BIM considers social responsibility an integral part of sustainable development because the Bank is developed in a society that has human and material components that need harmony. Many experts in the field recognize that sustainable development not only contributes to a robust economic growth, but also promotes intra-and inter-generational equity and is based on a mission of balanced economic and environmental objectives that are taken into account in the levels of public and private decision. This event has already taken place in Johannesburg and now it is our country specific and I think that the Bank should not be out from this event. We joined this challenge the UN launched because we know that we are not going anywhere, Mozambique is our home, we are to stay with Mozambique and for the Mozambicans.

It is hoped that this event - Rio +20 - result in a national consensus on how we can progress economically without compromising the welfare and environmental sustainability. Any thoughts on how this goal can be achieved?

Because the events consider Man as the object of their useful decisions, we have to echo them. It is therefore paramount that indeed Man is at the centre of their decisions taken. This also means that Mozambique has had a raised awareness of action that have to be taken in order to maintain the wellbeing of Mankind. So this will not be the first time that such factors are implemented to achieve environmental sustainability. As an example, we have implemented campaigns to curb uncontrolled fires. These were major campaigns undertaken by Mozambique to promote environmental sustainability and advocate sustainable economic development and at the same time defending the natural capital of Mozambique, to serve Mozambicans for a very long time.

Another example is the campaign to plant trees that Mozambique has undertaken as it implements its development activities. This is a conscious decision to avoid the use of polluting resources which many of the developed countries throughout history used as a means to attain their development especially those that decide to partially substitutes polluting resources with others that were nevertheless also had polluting features although not in their entirety. It was a conscious decision Mozambique took which I think is a very important one for the present and future generations.

The result of this event should take place at the medium-and long-term and its sustainability depends on the scope and level of involvement of various social actors in the country. What advice would give the participation at this roundtable?

The fight against poverty can only be achieved with a right efficiency. Society must understand and be convicted that only broad-based economic growth can effectively contribute to poverty eradication. This cannot sustain itself in two or three pillars, the problem is complex, not easy to face, define or implement, and today it takes into account the equitable distribution of wealth and assumed economic growth as a developmental model that can be sustainable when it involves a paradigm shift in resource usage. In this 21st century is urgent to use the natural capital for economic development and Mozambicans have to take it into consciousness and learn to combine its strategic location and its natural integration into the global economy as well as the need to defend their resources for economic growth.

 

O País Económico // Tuesday, June 4, 2012