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Disarmament could shift money to crisis

UNITED NATIONS, Feb. 19 (UPI) -- The U.N. secretary-general said Wednesday in New York that through disarmament, money can be reallocated to counter the global recession.

U.N. Secretary-General Ban Ki-moon addressed the U.N. Advisory Board on Disarmament Matters in New York and said that the global recession and disarmament are connected. He said the immense resources used by countries to invest in weapon systems could instead be used to invest in development, the United Nations reported.

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Ban called on the international community to end the 10-year deadlock over establishing a multilateral disarmament and nuclear non-proliferation plan through the Conference on Disarmament. He said that if just a fraction of the global investment in military expenditures were spent on countering the food crisis, poverty or climate change, significant differences could be made.

"While disarmament and non-proliferation are urgent goals in their own right, they are also linked inextricably to development, human rights and peace," Ban said in a statement.

"By achieving progress in disarmament, we free up vast resources to meet other challenges."

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