✂ Fed’s first rate cut since 2020: Use our free Stock Screener to find new opportunities fastExplore for FREE

UPDATE1-UN financial summit may be postponed -spokesman

Published 05/22/2009, 09:38 PM
Updated 05/22/2009, 10:16 PM

(Adds comment from spokesman that a decision will be made Tuesday)

UNITED NATIONS, May 22 (Reuters) - A U.N. summit to discuss the global financial crisis planned for early June may be postponed by a few weeks, the spokesman for General Assembly President Miguel D'Escoto Brockmann said on Friday.

Enrique Yeves told reporters that in the past few days some member states had asked about the possibility to postpone the summit, which had been set for June 1-3, for a few days or weeks.

A letter posted on the General Assembly's website said many representatives have asked for a brief deferral to June 24-26 due to conflicting meetings.

The summit is called the United Nations Conference on the World Financial and Economic Crisis and its Impact on Development and its aim is to identify emergency and long-term responses to mitigate the impact of the crisis, especially on vulnerable populations.

Yeves said in a statement late on Friday that a decision on the date would be made on Tuesday.

"Delegates have expressed concern that they require more time to negotiate the draft outcome document that is to be adopted by world leaders," he said in the statement.

The statement said that the General Assembly met informally on Friday but failed to reach consensus on the delay. It will reconvene on Tuesday. (Editing by Bill Trott)

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.