UN chief: tackle global food crisis
www.chinaview.cn 2008-04-15 05:25:09   Print

Filipino children living in a slum area Jordan Buhawi, 5, (L) and his sister Sunshine, 4, (R) eat a meal of rice mixed with noodles and dried fish in Manila. Pressure mounted Monday on global farming powers to ramp up production in the face of warnings that soaring food prices could drive 100 million people deeper into abject poverty.(Xinhua/AFP Photo)
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    UNITED NATIONS, April 14 (Xinhua) -- The United Nations hosted on Monday a high-level meeting of international trade and finance officials to discuss measures to deal with policy challenges and emerging issues in development finance.

    Participants at the annual high-level meeting of the UN Economic and Social Council (ECOSOC) included senior officials from the World Bank, the International Monetary Fund, the World Trade Organization (WTO) and the UN Conference on Trade and Development (UNCTAD). The officials came to the UN meeting to consult with the ECOSOC following their weekend talks in Washington.

    Addressing the opening session, UN Secretary-General Ban Ki-moon spotlighted the growing global food crisis, calling for both immediate and long-term measures to tackle it.

    "The rapidly escalating crisis of food availability around the world has reached emergency proportions," he said, warning that the crisis could not only push millions of people deeper into poverty but also have larger political and security implications.

    "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 said.

    Turning to the theme of meeting, 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.

    ECOSOC President Leo Merores said that new initiatives on financing for development could play a crucial role in increasing and complementing existing official development assistance.

    "In a true partnership for development, developed and developing countries have come together to explore further innovative ways of financing for development," Merores said, adding that the council could play an important role in strengthening that international cooperation in the future.

    Despite the progress already achieved, many middle-income countries continued to face challenges to the alleviation of poverty and inequality, the improvement of trade competitiveness and the building of solid infrastructures, Merores added, urging greater international cooperation to help resolve those issues.

    The high-level gathering focused on new and emerging issues, including financing of climate change responses, sustainability of financial markets, impact of trade on middle-income as well as least developed countries and -- in a mid-term year for the Millennium Development Goals -- identifying and mobilizing new resources for supporting development.

    The meeting was held as a follow-up to the 2002 Financing for Development summit held in Monterrey, Mexico, and as preparation for a major inter-governmental development financing review which is to take place at the end of this year in Doha.

    The Conference on Financing for Development in Doha will assess progress made in the areas of trade, aid, debt, international investment, domestic resources and the architecture of the international financial system. 

UN chief urges concerted efforts to defuse global food crisis

    UNITED NATIONS, April 14 (Xinhua) -- UN Secretary-General Ban Ki-moon on Monday called on the international community to take "urgent and concerted action" to tackle the growing global food crisis.

   "The rapidly escalating crisis of food availability around the world has reached emergency proportions," Ban told international finance and trade officials attending an annual high-level meeting at the UN Headquarters in New York. Full Story

Food price hike haunts world

    BEIJING, April 14 (Xinhua) -- A soaring food price has swept the world and presented a gloomy picture for people, especially those from poor countries. Full Story

World Bank: Rising food prices threaten poverty reduction

    WASHINGTON, April 9 (Xinhua) -- High food prices are threatening recent gains in overcoming poverty and malnutrition, and are likely to persist over the medium term, according to a new World Bank Group policy note released Wednesday. Full Story

UN chief concerned about global rise in food prices

    UNITED NATIONS, April 7 (Xinhua) -- UN Secretary-General Ban Ki-moon was deeply concerned about the global rise in food prices, UN spokesperson Michele Montas said Monday. Full Story

WB: East Asia should cope with rising food prices

    DA NANG, Vietnam, April 4 (Xinhua) -- East Asian economies are facing major economic challenges in the coming months as they deal simultaneously with higher prices and slower growth, said a press release by the World Bank (WB) here Friday. Full Story

Steps urged to rein in food prices

    BEIJING, March. 24 -- Top agriculture experts yesterday warned against further rises in food prices, calling for effective measures to ease the impact on society. Full Story

Editor: Mu Xuequan
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