
UNITED NATIONS, April 7 (UPI) -- The United Nations will hold a summit in June to determine the effect the global recession is having on development, officials announced Tuesday in New York.
"In the midst of the most serious economic downturn since the Great Depression, we now have the opportunity and the responsibility to search for solutions that take into account the interests of all nations, the rich and the poor, the large and the small," Assembly President Miguel D'Escoto said in a news release.
The global gathering is to be held June 1-3.
"In agreeing to hold this United Nations conference at the highest level, member states are recognizing the vital importance of assuring that all nations have an opportunity to participate equally and fully in the common search for solutions that meet the concerns and needs of all countries, large and small," D'Escoto said.
The conference also is to focus on ways to reform and strengthen the international financial and economic system and architecture.
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