UN General Assembly
2009

The world situation is rapidly changing because of the financial and economic crisis. It not only undermines our efforts and capacity to achieve the Millennium Development Goals, but imposes new and complex tasks. We highly appreciate the United Nations role and efforts to address the current threefold crisis and mitigate its consequences. It is well known that the global financial and economic crisis was caused primarily by the most advanced and wealthy countries, which unreasonably inflated banking assets on the basis of unsecured loans. We therefore believe that these countries must bear their share of responsibility towards the developing countries, whose already difficult situation was further aggravated by the global financial crisis. Partial write- offs of the debts incurred during the crisis, ongoing increases in donor assistance and rational management of labour migration would be very helpful in this situation. In my opinion, it is high time for a number of forums to be replaced by practical support for the efforts of the developing countries to mitigate and overcome the impact of the crisis. If the crisis should 09-52228 6