Thread: UN Urges $1 Trillion For Developing World

UN urges $1,000bn for developing world
By Harvey Morris at the United Nations

Published: March 25 2009 16:10 | Last updated: March 26 2009 00:38

Ban Ki-moon, United Nations secretary-general, on Wednesday called on Group of 20 leaders to support a $1,000bn stimulus package for developing countries threatened by the global financial crisis.

In an interview with the Financial Times, Mr Ban said he would use next week’s G20 summit in London of leading developed and emerging economies to call for developed countries to meet unfulfilled overseas aid targets, to provide funding to tackle climate change in poorer regions, and to help with liquidity for emerging economies.

EDITOR’S CHOICE
[quote][b]Ban Ki Moon’s letter - Mar-25In depth: G20 - Mar-05

“I will ask them to provide a truly global stimulus package that meets the needs of all developing countries and I would suggest $1,000bn over the next two years,â€

In a time when the USA is hemorrhaging jobs to developing nations I can think of nothing better to do with our remaining wealth than giving it to those developing nations so they can drain any chance of American success from all angles

Cripes, we have already given them $5 trillion in the form of offshoring and immigrant wire transfers!!!

How about they give us $1 trillion back!!!!

"In a pre-summit letter to G-20 leaders, Mr Ban wrote: “While this is a large sum, most of it could be mobilised through existing mechanisms and institutions."

Aren't these the same 'existing mechanisms and institutions' which brought us massive financial fraud in the "Oil for Food Program" administered by the U.N. in Iraq?