Escoto

High-level officials to convene at UN to tackle global economic crisis

A major high-level United Nations gathering aimed at tackling the global economic meltdown and its effects on the developing world is set to kick off on Wednesday at the world body’s Headquarters in New York.

Assembly President urges Latin America, Caribbean to support economic summit

The President of the General Assembly has called on the Rio Group, an alliance of 23 Latin American and Caribbean nations, to play a central role in shaping the future of the global economy to truly reflect the needs and concerns of the region.

Assembly President calls on China to support reform of financial institutions

The President of the General Assembly today appealed to China to support United Nations initiatives to transform international financial, economic, monetary and trade policies in response to the current global economic and financial crises.

General Assembly President says idolatry of markets caused financial crisis

Unrestrained worship of the market has led to the current worldwide financial crisis, General Assembly President Miguel D’Escoto said today, calling for solidarity between individuals and governments and a renewed faith in the value of regulation to resolve the economic problems.