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UN meets on financial crisis
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Chinese Foreign Minister Yang Jiechi (1st L) attends the United Nations Conference on the World Financial and Economic Crisis and Its Impact on Development at the UN headquarters in New York June 24, 2009. The UN kicked off a three-day high-level meeting on Wednesday to assess the worst global economic downturn since the Great Depression. [Gu Xinrong/Xinhua]

Chinese Foreign Minister Yang Jiechi (1st L) attends the United Nations Conference on the World Financial and Economic Crisis and Its Impact on Development at the UN headquarters in New York June 24, 2009. The UN kicked off a three-day high-level meeting on Wednesday to assess the worst global economic downturn since the Great Depression. [Gu Xinrong/Xinhua] 



Ban Ki-Moon, UN Secretary-General, says, "surely, if the world can mobilize more than 18 trillion dollars to keep the financial sector afloat, it can find more than 18 billion dollars to keep commitments to Africa."

Chinese Foreign Minister Yang Jiechi told the conference that resources for international development cooperation are dwindling.

He called for deepening global partnerships in the form of coordinated macroeconomic policies, and opposition to trade protectionism.

Yang Jiechi also joined a number of other speakers in calling for an end to the "inadequate representation" of developing countries at the IMF, World Bank and other international financial institutions.

(CCTV June 26, 2009)

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