Print this article Email this article

Financial, climate crises could threaten development gains in Asia-Pacific – UN

ESCAP Executive Secretary Noeleen Heyzer and Indonesian Foreign Minister N. Hassan Wirajuda

9 December 2008 – Challenges facing the Asia-Pacific region – the food, energy and financial crises, as well as climate change – could unravel development successes, a top United Nations official warned today.

Addressing the start of a two-day UN-backed meeting in Indonesia, Noeleen Heyzer, Executive Secretary of the UN Economic and Social Commission for Asia and the Pacific (ESCAP), said that these issues have resulted in enormous human, environmental and economic costs for the region.

“But the convergence of these crises has also brought an opportunity to take a fresh look at our policies and reshape our development agenda – for that, we must act together and act now,” she told participants at the high-level meeting.

Ms. Heyzer cautioned that the food, financial, energy and climate predicaments threaten to roll back progress in the Asia-Pacific in many development areas, such as reducing unemployment and hunger.

News Tracker: past stories on this issue

Ban welcomes global leaders' call for joint action on financial crisis

Related stories

Copenhagen talks heading towards agreement on new climate deal – UN

UN crisis relief fund raises record $424 million in pledges as humanitarian needs mount

Tough times ahead for shipping industry owing to economic crisis, reports UN agency

Continued economic stimulus measures key for job creation – UN report

Related press releases

United Nations Committed to Working with Caribbean Community, Hard-Hit by Climate Change, Global Financial Crisis, Says Secretary-General

Poverty Eradication, Climate Change, International Financial System among Key Agenda Items as Second Committee Approves Organization of Work

Council of General Assembly Presidents Meets in Seoul, Republic of Korea, Discusses Climate Change, Millennium Goals, Global Financial Crisis