Rich and Poor Nations Divided Before U.N. Finance Meeting |
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June 23, 2009
Rich and poor nations edged closer to a deal on proposals for reforming the global financial system, but diplomats said there would have to be changes if a U.N. conference this week is to adopt them.
Rich and poor nations edged closer to a deal on proposals for reforming the global financial system, but diplomats said there would have to be changes if a U.N. conference this week is to adopt them.
A three-day U.N. General Assembly meeting on the financial crisis and its impact on the developing world, originally scheduled for June 1-3, was postponed to June 24-26 when it became clear negotiators had no agreement on draft proposals.
Although the meeting has been billed as a summit, no Western leaders are expected to attend and only 14 presidents and prime ministers will show up. The other 112 countries taking part will send lower-level delegations.
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