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UN nuncio on financial crisis: Remember the world's poorest

March 29, 2010

Urging the international community to turn greater attention to the world’s poorest nations during the financial crisis, Archbishop Celestino Migliore, apostolic nuncio to the United Nations, told the UN General Assembly on March 24 that “we should not forget that the same world that could find, within a few weeks, trillions of dollars to rescue banks and financial investment institutions has not yet managed to find 1% of that amount for the needs of the hungry-- starting with the $3 billion needed to provide meals to school children who are hungry or the $5 billion needed to support the emergency food fund of the World Food Program.”

Archbishop Migliore lauded the “concern shared by governments and citizens all over the world” for the effects of the financial crisis upon the poor as well as “unprecedented international political cooperation” in the wake of the crisis.

At the same time, the nuncio called upon the international community to allow the world’s poorest nations a greater opportunity to have a say in international development. Archbishop Migliore noted the “urgent need to reform, strengthen, and modernize the whole funding system for developing countries as well as UN programs” as well as “the urgent need to proceed with the reform of the International Monetary Fund (IMF) and World Bank.”


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