Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

CORRECTED - DAVOS-Kofi Annan warns against blinkers in crisis

Published 01/26/2009, 01:43 PM

(Corrects figure to "one hundred million" in paragraph 3)

By Laura MacInnis

GENEVA, Jan 26 (Reuters) - The world's economic woes cannot be allowed to eclipse other key priorities, including protecting people from climate change and feeding the hungry, former United Nations Secretary-General Kofi Annan said on Monday.

In an interview ahead of the World Economic Forum in Davos, Annan also condemned recent fighting in Gaza as "appalling" and said the piracy near Somalia served as another warning of the risks of letting simmering crises fester.

"One hundred million starving people are as urgent as some of the issues we are fully focused on," the WEF co-chair told Reuters in his office at the Kofi Annan Foundation in Geneva.

"I worry about the economy and the financial situation and its impact on the poor and the vulnerable," he said. "I accept that one needs to get the financial system right, and without credit flowing through the system, the economic recovery will be very slow. But I think we should broaden our approach."

Protests over last year's food price spike offered a glimpse into the instability that could result if the world's poorest see themselves sinking further into destitution while trillions of dollars are pumped into banks in rich countries, he said.

"Problems like climate change need to be tackled with equal urgency. We cannot see them sequentially," he said. "I don't think it is beyond human ingenuity to find an approach that tackles these issues across the board."

The soft-spoken Ghanaian said that world leaders needed to take care to ensure their discussions about fixing the economy also reflect basic concerns about jobs, nutrition, and health.

Foreign assistance pledges must also be honoured in order to help vulnerable and marginalised people out of crisis, he said.

"We need to be able to tackle the issues in a way that sends a message to the dispossessed, and the poor, and the weak that their issues are equally important," he said.

"To tell them the problem of Wall Street is the problem of main street does not resolve their problems ... We need to get across a message to the people that those in positions of authority do care."

Annan said the piracy off the shores of Somalia was another illustration of the dangers of letting serious problems simmer too long while tending to other priorities.

"We have pockets in the world where either the crisis is forgotten or is deemed too protracted for anything to be done about it. We cannot leave crises to fester, even in situations of failed states," he said.

And Annan said the recent Israeli offensive in Gaza gave new urgency to finding a sustainable two-state solution to allow both Israelis and Palestinians the chance to live in peace.

"What we saw in Gaza was absolutely appalling," he said.

All parties to the conflict, including Hamas, need to be invited to the table to resolve their long-standing conflict "in an open-minded way," he said, adding the new U.S. administration under Barack Obama should help nudge along the process. (Editing by Charles Dick)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.