Business News

UN General Assembly to hold economic crisis debate June 24-26

May 26, 2009, 16:17 GMT

New York - The UN General Assembly on Tuesday rescheduled its failed efforts to hold a debate on the global financial and economic crisis at the end of June, three weeks later than the original date. Last week, the 192-nation assembly cancelled the so-called economic summit originally scheduled for June 1-3 because several government leaders could not attend even though the event had been scheduled and publicized months ahead. Another reason for the postponement was the lack of time to negotiate an outcome document. 'Delegates had expressed concern that they require more time to negotiate the draft outcome document that is to be adopted by world leaders,' assembly president Miguel d'Escoto Brockmann said in a statement. It said d'Escoto Brockmann consulted with all major regional groups in recent days on the proposed three-week deferral and achieved consensus on the change. He also asked governments to complete the outcome document by June 15. 'We believe that success will depend on a positive and forward- looking outcome document and the active engagement of the political leadership of the member states at the highest possible level,' d'Escoto Brockmann said in an address to the assembly, which convened Tuesday to decide on the new date. He called on UN members to show political will and good faith when negotiating the outcome document.

Business News

UN General Assembly to hold economic crisis debate June 24-26

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