The Algerian President Houari Boumedienne, has defended oil price rises and blamed the industrialised nations' "over-consumption and gadgetisation" for their own economic problems.
TGV President Boumedienne down aisle as General Assembly applauds
GV Chairman and others seated at table PAN TO President Boumedienne as he walks to podium
TGV Egyptian delegates look on
STV President Boumdienne speaking
Initials AE/22.30 AE/22.42
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Background: The Algerian President Houari Boumedienne, has defended oil price rises and blamed the industrialised nations' "over-consumption and gadgetisation" for their own economic problems.
The Algerian leader was speaking to the United Nations General Assembly on Wednesday (10th April), in a special debate on raw material and development. His appearance drew a capacity audience of Ministers and Ambassadors from 135 states.
"It is clearly inexcusable to impute the worsening of inflation to the rise in oil prices", the Algerian President said. He offered sweeping proposals to help poorer countries, and said the industrialised nations and third world members with financial surpluses should foot the bill.
President Boumedienne advocated nationalisation of the natural resources of developing lands, and the cancellection of internaiton debts of many poor states.
Mr. Boumedienne was due to see President Nixon and the Secretary of State Dr. Kissinger in Washington on Thursday (11th April). He criticised the concept of the Washington Energy conference called by President Nixon in February.
It was, he said, "more in the nature of a preliminary to a confrontation than the reflection of a desire for international co-operation."
What was needed was a dialogue to solve economic problems, with the understanding that this must be on the basis of equal consideration for every country's priorities. "No forum is better suited than the United Nations for such a dialogue", he said.