Fernandez at the UN
In an address to the United Nations 63rd General Assembly, President Leonel Fernandez rallied for the world’s richest countries to provide the same emergency funding to achieve the United Nations’ Millennium Development Goals (MDGs) aimed at slashing global poverty, hunger and other social ills as they have provided for bailing out failed financial institutions.
“What is certain is that at this moment, in order to achieve the Millennium Development Goals, we need from the international community a financial rescue plan, a kind of ‘bailout,’ as they say these days,” he said, citing World Bank figures that $50 billion is needed annually to reach the MDGs by their target date of 2015.
Referring to the “stupefying” rise in the price of oil, he said that the extra $5 billion that the Dominican Republic has had to pay since 2004 could fund all public investments needed to achieve the MDGs [...]
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