Egypt participates in preparations for International Development Conference

UN Economic and Social Council held a meeting on preparations for the International Development Conference.

Egypt Permanent Delegate to UN, Ahmed Abul-Gheit said that the meeting covered financing of development projects within the framework of UN efforts to prepare for the International Development Conference due in Mexico next March.

"The developing countries face trouble due to globalization and economic changes," he added.

"The meeting also tackled means to put into action the agreements signed during the Millennium Summit last September," added Abul-Gheit.

"On top of the meeting agenda came poverty combat and access of developing countries products into the markets of developed countries," said Abul-Gheit.

"The developed countries were required to allocate 0.7% of its Gross National product(GNP) to the development projects in the developing countries," stated Egypt UN Permanent Delegate.