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China supports UN playing key role in financing for development

0 CommentsPrint E-mail Xinhua, March 24, 2010
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China said?on Tuesday that the United Nations should continue to lead in solving the financing difficulty of the international development process.

Speaking at the UN high-level dialogue on financing for development, Li Baodong, permanent representative of Chinese Mission to the UN, said as the most representative and authoritative international organization, the UN should "continue to play a leadership role in financing for development, and facilitate the establishment of extensive partnerships among governments and all sectors of the society to ensure the coordination and coherence of the relevant international policies."

"The world economy is now moving slowly out of deep decline, and has embarked on a more obvious upward trajectory," Li said. " Developing countries, hit hardest by this financial crisis, are faced with shortage of resources, degradation of development environment and other difficulties."

He proposed that countries should galvanize political will, mobilize international resources and push for implementation of the Monterrey Consensus and Doha Declaration on Financing for Development.

Besides, the international society should strengthen coordination of macro-economic policies, accommodate the interests of various parties, and promote balanced growth of the world economy.

Efforts should also be made on promoting further opening of the market, said Li, urging firmly opposition against trade protectionism, to improve global governance and effectively increase the representation and voice of developing countries.

China attaches great importance to development, Li said. "We have laid out a development strategy that is suited to our national conditions, and compatible with the MDGs and other international developments goals," he said.

China has achieved ahead of schedule the goals of eradicating extreme poverty and hunger, providing universal primary education, lowering children mortality rate, and preventing and curing malaria, he added.

He stressed that China's assistance to other countries will not be compromised by the impact of the financial crisis, adding that China will continue to do what it can to help other developing countries within the framework of South-South cooperation.

"China will continue to be actively engaged in the implementation of the Monterrey Consensus and the Doha Declaration on Financing for Development, and make contribution to international cooperation for development," Li said.

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