HUMAN SECURITY MUST FEATURE IN FINANCIAL SECTOR REFORM: BAN KI-MOO
This interesting news here, thanks to professor Saito, from El Salvador (good luck in your new post!)
In advance of this weekend’s G-20 summit on financial markets in Washington, D.C., the Secretary-General has sent a letter to leaders of those countries. In it, he underlines the need to prevent the financial crisis from becoming a human crisis that could assume overwhelming political and security dimensions. One important way of doing this will be by meeting existing commitments on aid, he says.
Reforms cannot be restricted to financial sector regulation alone, the Secretary-General adds. They must also deal with the broader challenges for human security, including climate change, conflict prevention and the eradication of poverty. An early resolution of issues holding up the Doha trade round would also be a significant contribution to overcoming the crisis.
“These broad challenges can only be met through a reinvigorated and inclusive multilateralism,” the Secretary-General says. “The United Nations has much to contribute and remains the anchor of such a system.”
