Friday, June 25, 2010

UN Chief Asks G20 to Focus on a Sustainable Recovery

Leaders of the group of 20 developing countries (G20) are scheduled to meet in Toronto, Canada, June 26-27, to discuss the recovery of the world economy and the reform of the international financial system in the aftermath of the global crisis.

According to UN Secretary-General Ban Ki-moon, G20 leaders should focus on environment-friendly measures to promote global economic recovery.

In an open letter to the G20 leaders, Mr Ban said,“Based on our collective experience, the best way to enhance the framework for strong, sustainable and balanced economic growth is to put development front and centre, and to invest in a green economic recovery for all.”

“Now, more than ever, investments for the world’s poorest are necessary to recover lost ground in pursuit of development objectives, including the Millennium Development Goals (MDGs),” Xinhua quoted Mr. Ban as saying.

The UN chief welcomed the G20’s intention to include development in its agenda during this week’s summit and at the Seoul Summit in November 2010. “Such an approach can help address food security and climate change, while ensuring job creation,” Mr. Ban said.

The UN is amongst a growing number of organizations that see the green economy as a means of consolidating the recovery, as Mr. Ban said, “Going forward, I encourage support for initiatives that will sustain recovery efforts while enhancing global economic stability, environmental sustainability and achievement of the MDGs.”
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