AIRLINK 81.10 Increased By ▲ 2.55 (3.25%)
BOP 4.82 Increased By ▲ 0.05 (1.05%)
CNERGY 4.09 Decreased By ▼ -0.07 (-1.68%)
DFML 37.98 Decreased By ▼ -1.31 (-3.33%)
DGKC 93.00 Decreased By ▼ -2.65 (-2.77%)
FCCL 23.84 Decreased By ▼ -0.32 (-1.32%)
FFBL 32.00 Decreased By ▼ -0.77 (-2.35%)
FFL 9.24 Decreased By ▼ -0.13 (-1.39%)
GGL 10.06 Decreased By ▼ -0.09 (-0.89%)
HASCOL 6.65 Increased By ▲ 0.11 (1.68%)
HBL 113.00 Increased By ▲ 3.50 (3.2%)
HUBC 145.70 Increased By ▲ 0.69 (0.48%)
HUMNL 10.54 Decreased By ▼ -0.19 (-1.77%)
KEL 4.62 Decreased By ▼ -0.11 (-2.33%)
KOSM 4.12 Decreased By ▼ -0.14 (-3.29%)
MLCF 38.25 Decreased By ▼ -1.15 (-2.92%)
OGDC 131.70 Increased By ▲ 2.45 (1.9%)
PAEL 24.89 Decreased By ▼ -0.98 (-3.79%)
PIBTL 6.25 Decreased By ▼ -0.09 (-1.42%)
PPL 120.00 Decreased By ▼ -2.70 (-2.2%)
PRL 23.90 Decreased By ▼ -0.45 (-1.85%)
PTC 12.10 Decreased By ▼ -0.89 (-6.85%)
SEARL 59.95 Decreased By ▼ -1.23 (-2.01%)
SNGP 65.50 Increased By ▲ 0.30 (0.46%)
SSGC 10.15 Increased By ▲ 0.26 (2.63%)
TELE 7.85 Decreased By ▼ -0.01 (-0.13%)
TPLP 9.87 Increased By ▲ 0.02 (0.2%)
TRG 64.45 Decreased By ▼ -0.05 (-0.08%)
UNITY 26.90 Decreased By ▼ -0.09 (-0.33%)
WTL 1.33 Increased By ▲ 0.01 (0.76%)
BR100 8,052 Increased By 75.9 (0.95%)
BR30 25,581 Decreased By -21.4 (-0.08%)
KSE100 76,707 Increased By 498.6 (0.65%)
KSE30 24,698 Increased By 260.2 (1.06%)

A summit of G77 leaders plus China wrapped up Sunday with a call for an end to poverty by 2030, after a demand by Bolivia's President Evo Morales to eliminate the UN Security Council. The accord, largely ironed out in advance in New York by the 133 members, also set goals for sustainable development and national sovereignty over natural resources - a key concern for China, the world's second-biggest economy and with increasing clout in Latin America.
"Ending poverty is the biggest problem the world faces and indispensable for sustainable development," said a statement read out by host Bolivia's UN Ambassador Sacha Llorenty on the last day of the summit in Santa Cruz, a dynamic business center. "We stress that eradicating poverty must continue to be the main goal and driving force behind the agenda for development beyond 2015," the statement added, calling poverty "an affront to human dignity."
They earlier deliberated on calls for a new economic world order - and a fairer international system. Morales, a leader of Latin America's hard left and the group's current president, called for "eliminating world hierarchies." "The UN Security Council should be eliminated because it has encouraged wars and invasions by imperial powers to appropriate natural resources of invaded countries," he said. Morales, the first democratically elected indigenous president of South America's poorest country, also called for "replacing financial institutions like the IMF."
With massive purchases of commodities and exports of its manufactured goods to the region, China in recent years has emerged as a main trade partner of many Latin American countries. China, which is not a G77 member, was participating in the summit partly in a nod to its expanding trade ties in the region, although President Xi Jinping was not in attendance. The summit marks the 50th anniversary of the group's founding. It has grown from 77 developing countries to 133 countries.

Copyright Agence France-Presse, 2014

Comments

Comments are closed.