UN chief urges G20 leaders not to balance budgets on backs of world's poorest people

13:51, June 27, 2010      

Email | Print | Subscribe | Comments | Forum 

UN Secretary-General Ban Ki-moon Saturday urged leaders of the world's 20 largest economies not to "balance budgets on the backs of the world's poorest people."

Ban made the appeal in a speech delivered at a Group of 20 (G20) working dinner in the largest Canadian city of Toronto.

"Let me emphasize this evening that, under any circumstances we must not balance budgets on the backs of the world's poorest people," Ban told the luncheon, quoted by a readout from his press office.

Citing figures from experts, Ban said: "Fifteen billion U.S. dollars is needed immediately for the 49 least developed countries."

Ban said that he understood concerns about rising budget deficits and public debt and that the severe fiscal problems faced by some countries required urgent action.

"In London and in Pittsburgh, we came together to avert a global depression," he said. "We succeeded. You showed great leadership. Our challenge now is different."

He said the UN's Global Pulse monitoring system showed that the poor and vulnerable need help to make ends meet, "now more than ever."

"We cannot depend on consumption-led recovery alone but also need to mobilize investments to ensure today's recovery and tomorrow's future growth," Ban said.

According to the readout, the UN chief identified agriculture, green recovery and health as three areas of high returns for investment by world governments.

"Let us be determined to turn these three areas of high-return investments into a reality," Ban said. "Tomorrow, the G20 can make clear its intention to do so."

He hoped that world leaders could turn their commitments into a bold, detailed and accountable plan of action to achieve Millennium Development Goals at a UN summit in New York in September.

Source: Xinhua

(Editor:王千原雪)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • A man visits "Thy Word Is Truth, the Bible Ministry Exhibition of the Protestant Church in China", during its opening at Mount Vernon Place United Methodist Church in Washington DC, capital of the United States, Sept. 28, 2011. Through the Bible's various Chinese versions, ancient or modern, as well as pictures, paintings, calligraphy, art works and historical documents, the exhibition was expected to give an overall understanding of how Bible was brought into China, how it was translated, published, distributed and loved. (Xinhua/Zhang Jun)
  • A visitor passes by in the exhibition of Istanbul design week on Sept. 28, 2011 in Istanbul, Turkey. Istanbul design week will be hosting designers and design exhibitions from around the world in Istanbul from Sept 28 to Oct 2 with the participation of 25 countries. (Xinhua/Ma yan)
  • Red flag flies at the Jiuquan Satellite Launch Center in northwest China's Gansu Province, Sept. 28, 2011. A spokesperson with China's manned space program said Wednesday that fuel has been injected into the Long March-2FT1 carrier rocket in preparation for launching the Tiangong-1 space module Thursday evening as planned. (Xinhua/Wang Jianmin)
  • A militant loyal to the Libyan National Transitional Council (NTC) waves in a tank near Bani Walid, one of the pro-Muammar Gaddafi strongholds, on Sept. 28, 2011. (Xinhua/Hamza Turkia)
  • Jewish worshippers pray at the Western Wall, Judaism's holiest prayer site, in Jerusalem's Old City on Sept. 28, 2011, ahead of Rosh Hashanah, the two-day Jewish new year which will begin at sunset on Sept. 28 and conclude at nightfall on Sept. 30. (Xinhua/Muammar Awad)
  • High school student Johanna Choapa is helped by her father after announcing the end of hunger strike in Santiago, capital of Chile, on Sept. 28, 2011. The end of the strike took place to make way for a dialogue with the government, seeking to resolve the four-month crisis in the education sector. (Xinhua/Jorge Villegas)
Hot Forum Discussion