The United Nations Economic and Social Council (ECOSOC) on Monday kicked off the special high-level meeting at the U.N. Headquarters in New York with the Bretton Woods Institutions to discuss impacts of the ongoing global financial and economic crisis on development.
Also present at the high-level meeting are representatives from the World Trade Organization and the United Nations Conference on Trade and Development.
U.N. Secretary-General Ban Ki-moon is expected to deliver the opening address at the meeting, chaired by the president of ECOSOC, Sylvie Lucas, the permanent representative of Luxembourg to the United Nations.
The high-level meeting was held one day after the conclusion ofthe two-day spring session of the World Bank and the International Monetary Fund (IMF) against a backdrop of the worst economic downturn since the Great Depression in the 1930s.
The meeting will also convene two successive informal interactive dialogues to discuss the themes: "Addressing the impact of the global financial and economic crisis on development, including issues related to the international financial and monetary architecture and global governance structures" and "Strengthening of the intergovernmental inclusive process to carryout the financing for development follow-up."
Also participating at the meeting are more than 100 senior officials, including ministers of finance, economy, development cooperation from Britain, Bolivia, Germany, Greece, Iran and Slovakia.