• Short Summary

    Libya and Jordan have called on industrialised powers in increase their assistance to developing countries.


  • Description

    Libya and Jordan have called on industrialised powers in increase their assistance to developing countries.

    The call came on Tuesday (18 May) from Libya's Minister of Economy Abu-Bakr Ali Al-Shareef and Jordan's minister for Foreign Affairs Mauzaoir Abdullah, during the fourth United Nations Conference on Trade and Development (UNCTAD), currently being held in the Kenyan capital, Nairobi.

    Much of the business at the conference so far has been centred around international action to free developing countries from poverty and despair.

    In his address Mr. Al-Shareef pointed out that the economies of the countries of the Third World had deteriorated recently to a greater extent than those of the developed countries. For the developing countries unemployment and inflation had been worse because of the world depression and the loss of their markets for raw materials, he said.

    To counteract this problem Mr Abdullah suggested that industrial powers should increase their assistance to these countries. He stated as an example the aid that the Organisation of Petroleum Exporting Countries (OPEC) had given poorer Arab countries. He also pointed out that the OPEC aid was ten times more than the industrialised world had given.

    However on the first day of the conference, (5 May), U.N. Secretary General Kurt Waldheim cautioned delegates from the 150 nations attending against relying on renewed expansion in the advanced countries to help Third World economies.

    SYNOPSIS: Libya's delegate to the United Nations conference on Trade and Development, Abu-Bakr Ali Al-Shareef.

    (Mr. Shareef speaking in Arabic)
    His remarks were echoed by Jordan's Minister for Foreign Affairs, Mauzaoir Abdullah, who called for increased assistance for the Third World from industrialised powers.

    (Mr. Abdullah speaking in arabic)

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    Reuters - Source to be Verified
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