Annan appeals to rich countries to break trade deadlock
25 Apr '06
3 min read
Citing decisions reached at that meeting, ECOSOC President Ali Hachani of Tunisia said that the Council would review progress on the MDGs and related goals annually, and would convene a global Development Cooperation Forum.
Hachani also warned that continued strong worldwide economic growth “should not lead to complacency,” but rather should be seized on as an opportunity to more rapidly advance national and international action on development goals.
The chairman of the Bretton Woods' Development Committee, Colombian finance minister Alberto Carrasquilla, noted that two thirds of the increase in world energy demand over the next 25 years will come from developing countries, where 1.6 billion people currently lack access even to electricity.
He told the meeting that required investments of about $300 billion a year to meet these needs should be directed toward more efficient carbon energy.
Carrasquilla also called on the Bretton Woods institutions to address the need to foster greater participation by developing and transition economies.
This echoed a call made by Annan in an address delivered by Under-Secretary-General José Antonio Ocampo to the weekend meeting in Washington.
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