| Leaders trash trade agreements |
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| Sunday, 05 October 2008 13:36 | |||
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UNITED NATIONS – Every September, Caribbean Community (CARICOM) leaders travel to New York to attend the annual session of the United Nations General Assembly (UNGA) hoping to influence discussions that could affect their socio-economic development. The leaders have traditionally used the forum as a platform on which to outline their concerns about trade, climate change and other global issues and this past week, when the 63rd session convened, was no exception. For instance, they urged a revision of the international financial architecture to advance the development of poorer countries. Among those making the case was Jamaica’s Prime Minister Bruce Golding, who argued that the gap had widened between the rich and poor, within and among countries. Golding also warned of turbulent times ahead for vulnerable societies with the global economy seemingly headed for a severe downturn. He said the international financial system, designed more than 60 years ago, has undergone very little change in its governance structure and practices, adding that Jamaica was supporting the call for reform of the existing financial infrastructure to reflect the new global realities and make it more pro-active and responsive to the needs of the entire world community. "...it must involve more than merely expanding the membership of an exclusive club. It must be development-driven, recognising that poverty anywhere is a threat to prosperity elsewhere,” the Jamaican leader said. His St. Vincent and the Grenadines colleague, Dr. Ralph Gonsalves, also believes there is need for change.
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| Last Updated on Sunday, 12 October 2008 04:03 |
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