UN Secretary-General Ban Ki-moon stressed that efforts to revive the global economy must be based on a long-term vision of sustainable and inclusive development.
Acting within this vision, new dynamism and growth can be generated.
Ban expressed concern, however, with the pace and ambition of the negotiations leading up to the UN Conference on Sustainable Development (UNCSD, or Rio+20).
18 May 2012: In his closing remarks to the UN General Assembly’s (UNGA) high-level thematic debate on “The State of the World Economy and Finance and its Impact on Development,” UN Secretary-General Ban Ki-moon stressed that efforts to revive the global economy must be based on a long-term vision of sustainable and inclusive development.
This debate, held on 17-18 May 2012, was convened jointly by UNGA President Nassir Abdulaziz al-Nasser and UN Secretary-General Ban Ki-moon and included thematic roundtable discussions on: youth unemployment, debt sustainability, trade and investment, and accountability of the financial system.
Al-Nasser said the deliberations would provide input to various UN processes, including the UN Conference on Sustainable Development (UNCSD, or Rio+20), the Financing for Development Follow-up process, discussions on global economic governance, and the future of the Millennium Development Goals (MDGs).
Ban highlighted that the UNCSD will be an opportunity to stimulate global support for a transformative agenda for change. He stressed that acting within a long-term vision of sustainable development, development gains can be achieved and new dynamism and growth generated. He also underscored that Rio+20 must agree to a process to establish sustainable development goals (SDGs) that build on the MDGs after 2015. Finally, he expressed concern with the pace and ambition of the negotiations. [UN Press Release, 18 May] [UN Press Release, 17 May] [Statement of Secretary-General] [UNGA President Opening Remarks] [UNGA President Closing Remarks] [UNCTAD News] [Background and Programme of Debate] [UNGA Meeting Summary]