Good evening, ladies and gentlemen,
As you know, the executive heads of the United Nations system, funds and programmes, specialized agencies, had a very good meeting on various issues, particularly on the financial crisis issues.
We agreed that we face the prospect of on-going turmoil in the world's financial markets, coupled with a serious threat of global recession.
Today's crisis will affect all countries. But those who will experience the greatest hardships are likely to be those least responsible – the poor in developing countries.