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MR proposes G15-G8 ties

17 May 2010 11:33 am - 17     - {{hitsCtrl.values.hits}}

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President Mahinda Rajapaksa, who took over the chairmanship of the G15 in Tehran today, proposed that the G 15 work very closely with the G 8 to promote constructive dialogue on all major aspects of development. He said a clear methodology needs to be worked out for this dialogue to be realistic and fruitful.

Addressing the G 15 Summit in Tehran, President Rajapaksa said that the G 15 with its unique composition representing about 33 % of the world population, with clearly identified objectives has the potential to play a constructive role in promoting people- centered development initiatives in global economic and social policy dialogues.

For this reason the G 15 stresses the need for reforms in the international financial architecture to better enable it to monitor, respond and to prevent financial and economic disasters. To attain this objective there must be an open, inclusive and transparent dialogue.

President Rajapaksa added, that the Bretton Woods Institutions when working with the developing countries should take into account their specific conditions as well as structural constraints they confront. ‘These Institutions should refrain from imposing conditionalities which we see in retrospect, did lead in their own way to fuelling the recent crisis,’ he continued.

President Rajapaksa also said ‘the developing world has not run away from its responsibility to contribute to the progressive liberalization of global trade. It is all the more regrettable that we are yet waiting the conclusion of the Doha Round of negotiations in the WTO and the delivery of its development mandate. The G 15 must remain firm that the final package should address the concerns of the developing countries.’

The Sri Lankan President stressed that there must be increased market access for the goods and services of export interest to us. They should not tie up with politically motivated conditionalities.
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  Comments - 17

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  • Monday, 17 May 2010 01:23 PM

    G 15 like the SAARC has missed the boat. we have to first pursue proper fiscal policies and then tread into foreign waters. Let us cut down on waste, grandiose celebrations and projects. First concentrate on infrastructure, massive losses iin state ventures, wind up what is not profitable or give it to organisations with good track records to manage. as for the SAARC the earlier we get out of it the better.

    Tuesday, 18 May 2010 04:14 AM

    Congratulations Mr President for being elected to the Chair. However, what plagues the G15 is corruption, nepotism, disregard of law...etc, not the decisions of G8. Until we put our house right, others will impose their conditions to safeguard themselves from us!

    Monday, 17 May 2010 01:35 PM

    Everytime there is a crisis in Sri Lanka the president seems to be abroad!! I wonder what this means???

    Monday, 17 May 2010 03:06 PM

    Well, Mr. President,

    We hope you would focus Sri Lanka, not those countries now you are presiding.

    Monday, 17 May 2010 06:12 PM

    A day-dream?

    Monday, 17 May 2010 06:30 PM

    Did he actually say all of this in English?

    Monday, 17 May 2010 07:11 PM

    The G-15 are losers - countries mired in corruption!

    Monday, 17 May 2010 10:49 PM

    Let us consider this idea without prejudice and with an independent approach. Can there be any harm in making efforts to promote dialogure and understanding between power blocks? If it is feasible, it will certainly be for the good of the mankind.

    Monday, 17 May 2010 11:23 PM

    Is not most of the G-8 group that has deniend S L the GSP privileges because of our disregard to human rights and discrimation of minorities.\. MR repeatedly has said they do not want these western countries to tell them how to run S L government affairs.

    Tuesday, 18 May 2010 12:18 AM

    There's a great distance between saying and doing. G8 would laugh at G15.

    Tuesday, 18 May 2010 12:59 AM

    Firstly he is the president of sri lanka, other things may be important but should not overtake the sri lankan priority.

    Tuesday, 18 May 2010 02:05 AM

    If possible Tie Tamils & Sinhalese !.

    Monday, 17 May 2010 11:37 AM

    Good for him but who knows?????

    Monday, 17 May 2010 11:50 AM

    boru baila

    Monday, 17 May 2010 11:51 AM

    Till the cows come home we will be discussing.
    Just another NATO (no action talk only).

    Tuesday, 18 May 2010 03:54 AM

    Long live as president !!!

    Tuesday, 18 May 2010 03:55 AM

    Only you and Ranil knows English !!


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