Statement, 25 March 2009
Statement at the UN General Assembly Extraordinary Thematic Dialogue on The World Financial And Economic Crisis And Its Impact On Development, New York
1. The extraordinarily serious global economic crisis has its origins in the developed countries. Developing countries are not responsible, but they are severely affected, and in ways that are worse than the developed countries, as they also lack the means to counter the effects.
This article was tagged: Capital Flows, Commodities, Debt Sustainability, Domestic Regulation, Financial Crisis, Group of 20 (G-20), Reform of the International Financial System, Subsidies, Tariffs, United Nations (UN), World Trade Organization (WTO)