IN the
backdrop of deepening debt crisis of Greece and the slowdown in reforms
to global financial system, the UNCTAD Secretary General has urged UN
to take the
lead on new ways to raise developing countries out of the 2008 recession.
“A
truly inclusive multilateralism must be based on the G192, the number of
all Member States of the UN,” said the Secretary General, urging the
UN to be given the lead in devising reforms, rather than just the G20 group
of industrialized countries.
Speaking
to representatives from civil society, businesses, universities, and parliaments
at the opening of a two-day forum organized by UNCTAD, the Secretary General
noted that since the 2008 crisis, some 53 million people in the developing
world have fallen below the poverty line and more than 100 million additional
people are going hungry.
He urged developing
countries to look to one another for support, through South-South regional
trade and financial arrangements, and cautioned that it was unlikely that
industrialized economies “will constitute reliable
sources of recovery from the current crisis.”
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