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UN assesses economic crisis impact on poor

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UN assesses economic crisis impact on poor


The impact of the financial crisis on developing countries comes under the spotlight at a three-day UN General Assembly that opens today.

However, diplomats are warning that a deal on reforms will be difficult, with no agreement on draft proposals. There are major differences over whether the General Assembly should have more say in fighting the crisis. General Assembly President Miguel D’Escoto Brockman said: “The proper and most fitting type of venue to discuss this type of problem is the United Nations, ‘the G-192.’ After all, we’re talking about global problems, they should be discussed globally.” However, some Western envoys to the UN say there is dissatisfaction with the assembly president from Nicaragua, who is charged with organising the conference. Few Western leaders, if any, are expected to attend, and there will only be 14 presidents and prime ministers, mostly from Latin America and the Caribbean.

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