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New York, 11 May 2012

Joint Statement on the High Level Thematic Debate on the State of the World Economy and Finance in 2012

The President of the General Assembly, H.E. Mr. Nassir Abdulaziz Al-Nasser, and the Secretary-General, H.E. Mr. Ban Ki-moon, are jointly convening a High-Level Thematic Debate on the State of the World Economy and Finance in 2012, on 17th and 18th May, to explore ways of improving the overall global economic and financial situation and to discuss its impact on development efforts and social processes. 

This High Level Thematic Debate (HLTD) is an important contribution to the consultations mandated by General Assembly Resolution 65/313. At the request of the President of the General Assembly, the consultations have been co-chaired by Ambassador Daniele Bodini, Permanent Representative of San Marino, and Ambassador Ertugrul Apakan, Permanent Representative of Turkey.

Heads of State and Government, Ministers in charge of financial, economic and Foreign Affairs, as well as senior officials of the relevant international agencies will be participating.  Top officials of Regional Development Banks will also be attending. Distinguished experts have been invited to provide their technical advice.

 The event will consist of four round table discussions focusing on:

  • Combating unemployment, creating jobs, addressing poverty and social protection,
  • Debt sustainability and managing inflation/deflation,
  • Creating an environment for increasing production, trade and investment, and
  • Increasing stability, predictability and transparency in the global financial system.

The HLTD will be organized in an informal setting to facilitate an exchange of views among leading policy makers on the state of the world economy. This should contribute to ongoing international efforts to achieve a sustained, inclusive and equitable recovery of the world economy.  Particular focus will be given to sustainable development, thereby addressing specifically the needs of the world’s poorest and most vulnerable people.

The President of the General Assembly and the Secretary General believe that the United Nations has an important role to play in the deliberations on the world economy. They envision that this High-Level Thematic Debate will also contribute towards the success of many related UN processes and events, including most notably the upcoming UNCSD (Rio+20) as well as the discussions taking place in informal fora, such as the G20 summit in Los Cabos, Mexico.


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