Doha, Qatar (BBN) – A United Nations conference set to begin on Saturday in Doha provides a vital opportunity to plan a globally coordinated response to the financial crisis to ensure the well-being of millions worldwide, especially the poor, Secretary-General Ban Ki-moon stressed on Friday.
Such a response “can protect developing countries, underpin our drive to a green economy, and stimulate a commitment to a renewed multilateralism,” the UN chief told a news conference in the Qatari capital on the eve of the Review Conference on Financing for Development.
The four-day meeting will focus on ensuring sufficient financing to meet key development goals amid mounting concern about the impact of the current global economic slowdown on poor nations.
“The Doha conference is crucially important for the well-being of people everywhere,” added the Secretary-General, who held a closed discussion attended by about 30 delegations, including 10 Heads of State, government and international agencies, on the implications of the financial crisis.
Mr. Ban also told reporters that the financial crisis is not the only crisis the world faces. “We also confront a development emergency and accelerating climate change. These threats are inextricably linked. They must be dealt with as one.”
“It is also very timely, falling just two weeks after the emergency G-20 summit on the financial crisis,” he said, referring to the meeting in Washington on 15 November of the leaders of the so-called Group of 20 nations, aimed at promoting dialogue between advanced and emerging countries on key issues regarding economic growth and stability of the financial system.
He emphasized the need for a truly global stimulus plan that meets the needs of emerging economies and developing countries. This includes protecting the poorest, as well as not reneging on commitments regarding official development assistance (ODA), which remains a crucial part of development finance for many countries.
It also includes ensuring resources to help countries meet the Millennium Development Goals (MDGs) – the anti-poverty targets world leaders have pledged to achieve by 2015.
BBN/SI/SSR/AD-29November08-2:24 PM (BST)