UK'S LORD
MARK MALLOCH-BROWN ON FINANCIAL CRISIS AND DEVELOPMENT (MaximsNews Network)
Lord
Mark Malloch Brown, Minister of State for Africa, Asia and the United Nations in
the Foreign and Commonwealth Office of the United Kingdom of Great Britain and
Northern Ireland, addresses a United Nations Conference on the World Financial
and Economic Crisis and its Impact on Development at the UN General Assembly on
June 2009. UN Photo: 40139: Emma Simmons
LORD
MALLOCH-BROWN: UN CONFERENCE ON WORLD FINANCIAL & ECONOMIC CRISIS AND ITS
IMPACT ON DEVELOPMENT: VIDEO & FULL-TEXT: 28/06/2009 (MaximsNews Network)
UNITED NATIONS - / MaximsNews Network / 28
June 2009 - The following is the full-text of the statement by Lord
Mark Malloch Brown, UK's Minister of State for Africa, Asia and the United
Nations, that was delivered at the UN Conference on World Financial and
Economic Crisis and its Impact on Development at the UN General Assembly on
June 2009:
"I would like to thank the
President of the General Assembly and the delegates and co-facilitators that
have worked to produce the excellent outcome document which we will adopt
tomorrow.
I believe that our ability to come together in this way at this time
is a testament to the determination of each of our counties to tackle the
crisis that faces us, and to the value of the United Nations as a forum for
our collective endeavour.
I speak today as a British
Minister in a government that has championed reform in the Iris and the UN,
that has made the most significant commitments to the MDGs in our history, and
that is delivering on those commitments every day, increasing our ODA to
record levels and acting in every field to support the interests of developing
countries.
I speak as a European in an EU
that is making the reduction of global poverty a primary objective of its
international action. And I speak as a lifelong supporter of strong
international institutions that have the capacity to support all of us in times
of crisis and drive forward international efforts to reduce poverty.
Since the financial and
economic crisis began last year nations have come together in different
groupings to decide on a response.
The UN met in Doha. The World Bank
and IMF met in their Annual and Spring meetings.
The G20 has held two
Summits, and will hold another in Pittsburgh in September. And the 00
will meet shortly in Italy.
Other organisations and groupings have held
other meetings too. We have a good understanding of the origins of the
crisis and know how serious its impacts are.
And we have started to take
action.
At the Washington G20 Summit we set out the measures needed to stabilise
the financial system and start to rebuild confidence.
At the London G20
Summit we agreed on measures to stimulate developed and emerging
economies and renew growth. We also agreed a $50 billion package of
support for low income countries.
We are proud of what our Prime
Minister Gordon Brown was able to do to expand African and Asian
representation at the summit and to champion a developing country
agenda.
At the G8 Summit too we
need leadership from the richest countries to secure delivery of our ODA
commitments, action to reduce maternal and child mortality, agreement on
innovative financing for health systems, and increased support to tackle
food security at a time when more than a billion people go hungry every
day.
This is an extraordinary
UN Conference, not just because of the context of crisis but also
because it has united us when it could easily have divided us.
As at
Doha in December, we now have an agreed agenda.
First, we know that this
is an economic crisis that is critical for the poor around the world. It
affects different counties and regions in different ways.
We need to
restore global growth through coordinated stimulus and strengthened
regulation that restores confidence in the financial system.
There are
lessons for every country in the world — about the importance of
regulation, and about the importance of the market.
And there are
choices for all of us in getting the balance right between them.
Second, we need strong
international financial institutions to take the actions we have agreed
to increase liquidity and promote growth.
The Bretton Woods Institutions
have rarely been popular but they have never been so necessary. Overall,
they have responded quickly, flexibly and in a transparent way to the
demands we have all placed on them.
But it is essential that
the reforms that have been started are carried through so that all
countries are equitably represented, and so that the IFIs are as
responsive as possible to the developing countries whose needs they are
helping address.
Third, we need a more
effective UN. More effective at country level and more effective at
headquarters revel.
We know what steps are needed at country level:
streamlined operations that coordinate analysis and response effectively
across the UN system and help countries respond effectively to the
challenges they face.
At headquarters level we must be ready to take
bold action to reshape funds, programmes and agencies so that they fit
today's challenges and reduce overlap and costs.
The more effective and
efficient the UN is the more it can focus on giving all of us the voice
and the forum we need to address concerns and find common ground.
Fourth, members of the UN,
all the counties represented here today, need to take responsibility.
All of us must play our part by providing resources, by committing to
action and then taking that action, by sharing power so that we can all
be better off, by building responsive institutions at home.
That applies
to reforms at national level, to efforts to achieve an agreement on
climate change at Copenhagen later this year, as well as to action to
deliver on the commitments we have made to increase ODA. Global action
will not happen without national leadership.
Our work here will not
change anything and the political energy we brought here will fade
unless we use it to build momentum to deliver bigger change and tackle
big challenges.
Some of those challenges are a crisis, but others have
remained the same through the aim We need to protect the poor during
shocks, we need to strengthen health care systems to reduce maternal and
child mortality, we need universal education and we need better
infrastructure and regional integration to build trade and growth.
We
need to achieve the MDGs and provide the political, economic and social
rights that we have promised to all the people of the world.
Divided we will fail in
our efforts and break our promises.
Together, in the spirit of this
conference and as united nations we will achieve the reforms we have
long been working for and provide the leadership our communities need to
end global poverty, tackle climate change and build the stable and
prosperous countries that we all want."
MaximsNews
Network
NEWS NETWORK FOR THE
INTERNATIONAL COMMUNITY
MaximsNews
Network
is a Global News Network
that is read worldwide, in 201 countries and territories. MaximsNews Network is associated with MediaChannel.org and Globalvision News Network, global news and media information services with more than 350 news affiliates in 135 countries.
Established in 1999, MaximsNews Network now publishes in
the six UN working languages: English, French, Arabic, Chinese, Russian and
Spanish.