Laos calls for coordinated global response to global financial crisis

(KPL) Laos on Wednesday called for “a concerted, coordinated and comprehensive global response” to the current global financial crisis, Xinhua reported on 24 June.
The statement came as Thongloun Sisoulith, the Lao deputy prime minister and foreign minister, was speaking at the high-level UN Conference on the World Financial and Economic Crisis and its Impact on Development, which opened here on Wednesday morning and is to end on Friday.
“The global problems unquestionably demand a concerted, coordinated and comprehensive global response,” he said. “Today, more than ever, the international community has the responsibility and also the opportunity to strengthen international cooperation in jointly addressing the crisis as no country can weather these challenges alone.”
“The world is experiencing the deepest economic and financial crisis it has ever faced in decades, compounded by earlier food and energy crisis as well as overarching problems of climate change,” he said.
“What started off as a financial crisis in developed countries has now become the global economic crisis that spread to all regions of the world, causing serious human and social impact,” he said.
“While developing countries are the least responsible for the crisis, they are nonetheless the most severely affected, bearing the brunt of its impact as the financial and economic crisis turns into a reduction, pushing as many as 50 million people into extreme poverty, particularly women and children,” he said.

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