Antagua

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Manipal, Karnataka, Oct 15 (UNI) Antagua and Barbuda Minister for Finance and Economy Leon Errol Cort warned that the global financial crisis existed today was expected to make volatile the global market affecting both developing and the third world countries.

Participating as Guest of Honour at the third annual day celebration of KMC International Center here, he said that the crisis had posed several challenges for not only developed countries but also developing and third world countries stressing the need for these governments to change their policy regulations and market strategy in several sectors including Health and Education.

"The fallout would was also expected to think for the governments to contribute less in several important sectors such as Health, Education and others," he said.

Stating that by 2020 the US government was expected to face acute financial shortage, he stressed that in view of this situation the government and the private sector need to work together to build a strong and solid economic base to face the challenges by going for Public-Private Participation and Joint Ventures.

UNI MA MSP HVB2040

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