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Deputy Prime Minister and Minister of Foreign Affairs Jean Asselborn co-chairs a round-table at the Conference on the World Financial and Economic Crisis and its Impact on Development

Publié le jeudi 25 juin 2009

The Deputy Prime Minister and Minister for Foreign Affairs, Mr. Jean Asselborn, participated on 25 June 2009 in the United Nations Conference on the World Financial and Economic Crisis and its Impact on Development. The leaders gathered at the headquarters of the UN in New York addressed the worst economic recession that the world has known since the Great Depression of the early 1930s. The outcome document [lien kënnt no] which was adopted on 26 June 2009 outlines the way ahead to mitigate the impact of the crisis, in particular on the most vulnerable populations.

Together with his colleague from Laos, the Deputy Prime Minister and Minister of Foreign Affairs Tongloun Sisoulit, Minister Asselborn co-chaired a round-table on coordinated and collaborative actions and appropriate measures to mitigate the impact of the crisis on development. Other participants in this round-table included the Secretary General of the United Nations Conference on Trade and Development, Mr.Supachai Panitchpakdi, the Executive Secretary of the UN Economic and Social Commission for Asia and the Pacific, Ms. Noeleen Heyzer and the Executive Director of the South Centre, Mr. Martin Khor.

In his speech (version française) (English version) to the plenary, Minister Asselborn pointed to the grave social consequences of the economic and financial crisis, and underlined the necessity of respecting the commitments taken under the Millennium Development Goals, in terms of quantity and quality of the aid, and in terms of agreed timetables, warning that “downscaling official development aid including trade aid at this stage would not only be irresponsible and immoral, but also totally counterproductive. Instead of saving money, we would halt progress.” He confirmed that Luxembourg intends to continue to take its responsibilities in this regard : having spent 0.95 % of its Gross National Income on ODA in 2008, Luxembourg maintains its objective to bring its ODA up to 1 % of its GNI in the coming years.”

In the margins of the conference, Deputy Prime Minister Asselborn met with Secretary General Ban Ki-moon.

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