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Saturday, 29 November 2008 - UN, EC call for global stimulus at development meet
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    Read more with google mobile : UN, EC call for global stimulus at development meet

    Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: UN, EC call for global stimulus at development meet AFP - 1 hour 59 minutes ago DOHA (AFP) - - The United Nations and the European Commission called on Saturday for a global stimulus package, but the absence of major leaders at a UN aid conference in Qatar lowered hopes about the outcome. "The financial crisis is not the only crisis we face. We also confront a development emergency and accelerating climate change," UN Secretary General Ban Ki-moon said at the opening of a four-day conference on Financing for Development in Doha. "These threats are inextricably linked. They must be dealt with as one," he told journalists. "We need a truly global stimulus plan that meets the needs of emerging economies and developing countries." Ban hosted a "retreat" for world leaders on Friday with the aim of converting intentions expressed at a Group of 20 summit in Washington this month into "concrete recommendations" ahead of the next G-20 meeting in London in April. However, he admitted that only 10 national leaders were among the 34 or 35 high-level delegates who turned up, and no conclusions were announced. Ban said he still hopes the official development conference, which runs until Tuesday, can come up with concrete plans as well as updating a 2002 Monterrey Consensus on aid to developing countries. "Global crises call for global solutions," European Commission president Jose Manuel Barroso told the conference. "A global answer requires the presence of all regions in the world, representing the voice of the rich, the emerging and the poorest." He said a climate change conference next month in Poznan, Germany, and a summit on global warming in Copenhagen next year will fail unless emerging and poor countries are helped to adapt. "Climate change is going to be crucial for developing countries. Doha and Poznan have to move forward together, hand in hand. Indeed, Copenhagen will not succeed without a serious solution on adaptation," Barroso said. For developing countries, the challenges of climate change come on top of threats to food and energy security and an uncertain impact from the recession in major economies, "while hundreds of millions of people cannot afford basic foodstuffs and risk falling deeper into poverty," he said. The multiple crises mean it is "all the more necessary" to achieve the UN's Millennium Development Goals and other targets, Barroso said, noting that 1.4 billion people live in extreme poverty, on less than 1.25 dollars a day. "It is more important than ever that donors honour their aid volume and aid effectiveness packages," he said, also calling for aid committments to be "further enhanced to respond to new challenges." Aid agencies agree that existing commitments must be met and more money is needed but they doubt whether the conference will reach any major new agreement in the absence of leaders from major economies. Christian Aid and Actionaid said in a joint statement that they are "concerned that the present financial crisis will be used by rich countries as an excuse to renege on aid commitments." The emir of Qatar, Sheikh Hamad Bin Khalifa al-Thani, said too great expectations are being placed on oil producing countries. "Sometimes we have a feeling that there are some attempts to put the whole burden of development on the oil producing countries," he told delegates. "Some views sometimes tend to impose upon the oil producing countries what is beyond their capabilities and sometimes reaches the point of confision." Development is a "peace umbrella" that protects all and is more helpful in peace keeping than "just piling up weapons," he said. Sheikh Hamad told Friday's "retreat" that he agreed the problems facing the world are "multifaceted", affecting countries in different ways. He called for a "representative multilateral forum", which he sees as a requirement in order to find a solution through "a truly multilateral approach". Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy Australian government hands extra $10B to statesAP - 36 minutes ago UN, EC call for global stimulus at development meetAFP - 1 hour 59 minutes ago Australian government hands $10 billion to statesAP - Saturday, November 29 Shanghai to break ground on new tallest buildingAP - Saturday, November 29 Related Articles: Business Australian government hands extra $10B to statesAP - 36 minutes ago UN, EC call for global stimulus at development meetAFP - 1 hour 59 minutes ago Top official denies Mumbai attackers were BritishReuters - 2 hours 53 minutes ago Mumbai death toll rises to 195Reuters - Sunday, November 30 GM suspends $445-million Thai diesel project-paperReuters - Saturday, November 29 Enlarge Photo UN, EC call for global stimulus at development meet Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed World's oldest person dies at 115 years Love handles increase death risk: study Michael Jackson strikes 'amicable' deal with Arab sheikh US clears Bank of America deal for Merrill Lynch Bomber strikes Shiite mosque after Iraq approves US pact View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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