Chinese FM calls for int'l co-op on development to address global financial crisis
UNITED NATIONS, June 25. KAZINFORM -- Chinese Foreign Minister Yang Jiechi Wednesday called on the international community to enhance cooperation on development in a bid to tackle the global financial and economic crisis. In an address to the UN conference on economic and financial crisis began Wednesday in the UN headquarters in New York, Yang said as the international financial crisis is still unfolding, resources for international development cooperation are dwindling, Kazinform cites Xinhua agency.
"Though developing countries did not cause this crisis, they have turned out to be the hardest hit," Yang told the high-level meeting. Should the development situation continue to worsen, the whole world will feel the pinch in this era of economic globalization, Yang said, adding it will hold down global demand and slow the pace of global economic recovery.
Yang said the international community should therefore look at the development issue from a broader perspective and in a wider context, and take resolving the development issue and easing the development crisis as a key part of the effort to tackle the financial crisis. "To this end, we should deepen global development partnership, strengthen development institutions, increase input in development and ensure unimpeded progress towards the attainment of the Millennium Development Goals," he said.
China is ready to work with the rest of the international community in a spirit of partnership for win-win development to tackle the financial crisis, achieve early recovery of the world economy, contribute to the attainment of the MDGs on schedule and build a harmonious world of enduring peace and common prosperity, the foreign minister said.
The UN Conference on the World Financial and Economic Crisis and its Impact on Development was mandated at the United Nations Follow-up International Conference on Financing for Development in Doha at the end of last year.
It is the first time for the UN to hold a high-level meeting on the economic and financial crisis in its history. Nearly 150 countries out of 192 UN member states are attending the three-day meeting, Kazinform informs citing Xinhua.
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