Special Report: Global Financial Crisis
DOHA, Dec. 2 (Xinhua) -- The four-day UN conference on financing economic development wrapped up here Tuesday with a call for additional support for developing countries to combat global financial crisis.
The meeting made the call with the adoption of the Global Outlook Report reviewing the implementation of the Monterrey Consensus adopted by UN members at the International Conference on Financing for Development in 2002 with an aim to achieve the internationally agreed development goals adopted during the previous decade, including the Millennium Development Goals.
In the Global Outlook Report, or the final statement, the Doha conference stressed that the global financial crisis is also hurting growth and employment and urged for measures to combat the effects of the crisis that "must include additional support for developing countries."
Highlighting the importance of reform of the global financial system, the statement stressed that the reform must considers the interests of developing countries, especially the least developed countries and the emerging markets.
"Measures taken to deal with the crisis should include reforms that ensure a more equitable and stable global financial system, which would provide the basis for sustainable and equitable development for all countries," said the statement.
It called the international community to resist simplistic short-term solutions to the global financial crisis as they "will not deal with the basis causes of the crisis."
UN Secretary General Ban Ki-moon opened the UN-sponsored Doha international conference on financing for development on Saturday.
Leaders and delegates of 145 UN member states attended the conference under the scheme of "Addressing Common Concerns Through Renewed Cooperation."
Stressing the need of a truly global stimulus plan that meets the needs of emerging economies and developing countries, the UN chief said that the international community must deal with threats and challenges the world is facing "as one."
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