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Saturday, January 11, 2003

Following the success of Tunisia's National Solidarity Fund which has helped to reduce poverty to around 4% the UN's General Assembly has passed a resolution to establish an equivalent World Solidarity Fund.

Mark Malloch-Brown, the Administrator of the UN Development Programme (UNDP), welcomed the passing of this resolution and said “We certainly hope that the Fund will be well endowed, and look forward, in UNDP, to making full use of this instrument of world solidarity as we move to implement the Millennium Development Goals, especially the overarching goal on halving poverty by 2015.”