Azerbaijan, Baku, Oct. 11 / Trend , G.Dadashova /
Counsellor of the Kazakh mission to the UN Tleuzhan Seksenbay said the growing globalization of economic processes called for a paradigm shift in the economic dimension of United Nations programs and activities, the UN News Center reported.
The world needed an early-warning system that could identify the stresses and systemic problems besetting world financial markets well in advance, and address them speedily and appropriately, Seksenbay said at the 7th and 8th meetings of the Second Committee of the 66th General Assembly this week.
Kazakhstan recognized that financial and economic crises had highlighted the need to strengthen multilateral surveillance with a view to enhancing fairness and effectiveness, he said, adding that emerging and developing economies therefore should have a greater voice and representation in international financial institutions.
To realize long-term international commitments, he said, it was important to improve cooperation between Governments, international organizations, the private sector and non-governmental organizations so as to overcome important weaknesses in international cooperation and coordination.
The United Nations system, and the Economic and Social Council, in particular, should play a central role not only in monitoring processes, but also in their coordination and implementation, Seksenbay said.
He stressed that world leaders should demonstrate strong political will and committed efforts to seek effective solutions to the global financial and economic problems from the development perspective.