Rich Countries Seek to Block UN From Working on Global Finance Reforms

Thursday, 19 April 2012 08:28  
By Rick Rowden, Truthout | News Analysis 

n important fight between rich countries and developing countries over the question of UN involvement in researching and advocating for a new global financial architecture has spilled into the open in the weeks leading up to the April 21-26 quadrennial ministerial meeting in Doha, Qatar, of the United Nations Conference on Trade and Development (UNCTAD). At issue are apparent efforts by the rich countries to water down and block the key planks of UNCTAD's proposed work plan related to needed reforms in finance and the global financial architecture. The proposed work agenda for the next four years is set to be approved in Doha.