UN chief says for first time, business representatives attend poorest summit

The head official of the United Nations called on public and private sectors to act together to build up a more sustainable future.

UN chief says for first time, business representatives attend poorest summit

The head official of the United Nations (UN) called on public and private sectors to act together to build up a more sustainable future.

Turkish Prime Minister Recep Tayyip Erdogan hosted a luncheon in honor of guest heads of state and government, chairmen of delegations and CEOs of leading companies who are currently in Istanbul to attend The Fourth United Nations Conference on the Least Developed Countries (LDC-IV).

Speaking at the gathering, Ban said it was the first time representatives of the business world attended the conference.

Noting that such participation was of great importance in terms of voicing both the supply and the demand, Ban said a collective movement was needed in order to achieve a sustainable development, reduce poverty and fight with climate change.

The secretary general said that sessions to be held as part of the Istanbul summit would expose the opportunities least developed countries offered for the business world.

Pointing to the private sector's growing interest and investment need in least developed countries in the past decade, Ban said such countries should expand their private sectors in order to increase their production capacities and boost their economies.

Describing corruption and lack of transparency as major problems of least developed countries, the secretary general also noted that these problems blocked the way to peace and long-term investments as well.

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Last Mod: 10 Mayıs 2011, 10:24
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