Home RSS  Gold   Silver  Join Follow About  Contact Publish Donate! Help
Mathaba.Net Mathaba - bypass the gate-keepers 
Printable version See our news feeds? toolbar

    USA Economy


UN chief urges immediate and long term steps to fight food crisis

Posted: 2008-04-15
From: Mathaba
    Share on TwitterFacebook
Secretary General Ban Ki moon called for both immediate and long term measures to tackle the growing global food crisis, warning that it could not only push millions of people deeper into poverty but also have larger political and security implications.


"The rapidly escalating crisis of food availability around the world has reached emergency proportions," he told a joint meeting in New York of the UN Economic and Social Council (ECOSOC), the Bretton Woods institutions, the World Trade Organization (WTO) and the UN Conference on Trade and Development (UNCTAD).

"We need not only short-term emergency measures to meet urgent critical needs and avert starvation in many regions across the world, but also a significant increase in long-term productivity in food grain production," he said, citing the recent steep rise in prices and World Bank warnings that the crisis could mean "seven lost years" in the fight against global poverty.

"The international community will also need to take urgent and concerted action in order to avert the larger political and security implications of this growing crisis. The UN needs to examine ways to lead a process for the immediate and longer-term responses to this global problem," he added according to UN Information Center.

Turning to the meeting's five key themes, Mr. Ban called for building consensus around measures on development financing that would lead to more stable and predictable long-term resource flows to developing countries.

He noted that middle-income countries need better market access to foster their comparative advantages as well as technical assistance and knowledge sharing to help address critical gaps in their development processes, such as improving infrastructure, integrating into world financial markets and tackling persistent pockets of poverty and growing inequality.

Thirdly, citing trade as an engine of growth for the poorest economies, he appealed for increased investment and technology transfer from donors to help the least developed countries to broaden their exports through diversification and economic capacity-building, thus bolstering "aid for trade" support.

He also called for "innovative and robust regulation to protect financial systems and sustain continued growth and expansion," warning that regulatory checks and balances have failed to keep pace with the "enormous growth" of recent years.

"The current turmoil in world markets demonstrates that this gap is unsustainable," he declared.

Finally he noted that long-term global economic growth and sustainable development is imperilled by climate change.

"Developing countries need external assistance - especially better technology and increased financing - to rise to this challenge," he said, calling on the world community to use the run-up to a major climate change conference in less than two year time to implement new ways to finance adaptation and mitigation measures in developing nations.

Mr. Ban's Special Adviser on Innovative Financing for Development, former French Foreign Minister Philippe Douste-Blazy, told a news conference he supported calls by World Bank President Robert Zoellick for a Marshall Plan to fight poverty and hunger.

"Indeed, what we are experiencing in different countries of the world on hunger, for example, shows that we really need to hurry," he said, citing the urgent need to find new sources of financing for development.

Steps considered have included voluntary measures or levies on such resources as stock exchange transactions and airline tickets. --IRNA
spacer
Twitter Facebook
Related: 
#
  Is this item incorrect? Please click here to report it!  
 E-MAIL THIS    COMMENT ON THIS    HOME PAGE    PRINT THIS   Printable version Share on Facebook Share on Twitter    Email this article
    REDDIT    DIGG    DELICIO.US   FACEBOOK   RE-TWEET it!    MANY MORE OPTIONS... 

 View and/or Add Comments to this Article 

The link for this item is: www.mathaba.net/news/?x=588916   Copyrights!  
Send this article via Outlook or via web/other Email
Mathaba relies on your support for independent as well as investigative journalism. Please subscribe for a small fee and also join our free Daily Briefing. More options here.

:: This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
::  We always mention the author and link the original site and page of every article. Disclaimer




MAIN INDEX PAGE
ALL TOPICS
NEWS ALERTS!

Mathaba Google
Advertise here
Follow us on Twitter


heyu

INFO PARTNERS:^ TOP ^
USEFUL LINKS:^ TOP ^

Webutation Score

Free Web Stats


Check out our Android App!
spacer
RSS Facebook Twitter
  Mathaba Now: click here Reader Information
search

get our free news alerts

Get our daily briefing!

Enter your email address:

Not sure? Try it out! Each Email has an easy unsubscribe link. Or find out why you should sign up:

See Reader Testimonials

Important information tools!
Most Commented:

Recently Commented:


Live chat services by Olark






China Wholesale


Follow Mathaba