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22325
Thu, 10/02/2008 - 10:27
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DPM Thongloun expresses concern over current global crises

DPM Thongloun expresses concern over current global crises

(KPL) Deputy Prime Minister Thongloun Sisoulith expressed concern over the global crises of finance, fuel and food that are need for effective solution to be dealt with together.
This was according to DPM and Minister of Foreign Affairs Thongloun’s statement during he attended at General Debate of the 63rd Session of the United Nations General Assembly, New York, 29 September.
He also supported the UN reform that must be comprehensive, transparent, inclusive and balanced and pursued in an effective and accountable manner.
“We must also reform the Security Council, turning it into a more democratic and representative organ, comprising both new permanent and non permanent members in order to enable it to better preserve and promote international peace and security”, he said. “No less important, we must substantially reinforce the development pillars of the UN, which include the Department of Economic ad Social Affairs, UNCTAD, Regional Commissions and the Development Account, enabling them to better support developing countries to achieve internationally agreed development goals, on the basis of their national development strategies”.In his statement also highlighted that the sudden increase in oil and food price has led to a period of economic instability in many countries. This global phenomenon has had a more amplified impact on developing countries, given their particular low financial and technical capacities to deal with sudden international shocks. To combat this problem, so Dr Thongloun called for international communities to stress the need for the full and effective implementation of the Rome Declaration and establishment of a Global Food Bank and an International Food Fund to ensure long-term food security for developing countries, particularly the most vulnerable among them.
Landlocked developing countries face a unique impediment in not having access to the sea. International cooperation is crucial to the success of the development goals of these countries. We there fore would like to stress the significance of the upcoming mid-term review of the Almaty Programme of Action to be held on 2 and 3 October 2008 in New York which should provide the international community with opportunity to assess progress made, lessons learned, and constraints encountered in the implementation of Almaty Programme of Action. We hope that the session will galvanize the global partnership for development to assist landlocked developing countries in not only strengthening their effective participation in international trade and the world economy, but also in fulfilling the goals of internationally agreed development goals.
He added that being a member country, Lao PDR is gratified to witness the continued stability, growing from strength to strength and deepening integration of ASEAN which is an important contribution to the maintenance of peace and further cooperation in the region and world.
A recent momentous and milestone event is the signing of the ASEAN Charter thus transforming ASEAN into a rule-based regional organization.
The Lao PDR continues to enjoy solid political stability and social order. Thus socio-economic development has registered significant achievements as reflected in high ad sustain GDP growth.
Notwithstanding these achievements, the Lao PDR still faces implements. Rising oil price, inflation and a global economic slowdown all stand in the way of our path to economic prosperity, DPM said.
This year Laos experienced a severe flood, inflicting huge material loss nationwide. Yet, in spite of all this, by improving the quality of basic infrastructure, human resources and cooperating with international partners.
“Lao PDR determined to pursue twin strategies of poverty eradication and regional integration, which hoped to extricate the country from the shackles of underdevelopment by the year 2020.

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