Following are UN Secretary-General Ban Ki-moon’s remarks at the United Nations Conference on the World Financial and Economic Crisis and Its Impact on Development, in New York today, 24 June:

Vowing to marshal all the resources of the United Nations to monitor the impact of the current financial crisis and chart a path towards recovery, especially for hard hit poor countries, Secretary-General Ban Ki-moon today called for international solidarity to reform outdated global rules and institutions, and a renewed multilateralism to help all countries weather the economic downturn.

The new Permanent Representative of Togo to the United Nations, Kodjo Menan, today presented his credentials to UN Secretary-General Ban Ki-moon.

Following several weeks of intense consultations, the Fifth Committee (Administrative and Budgetary) this afternoon recommended to the General Assembly a peacekeeping budget approaching $7.8 billion for the period from 1 July 2009 to 30 June 2010.

As it wrestled to design a response to the multidimensional and unprecedented global economic downturn, a panel of United Nations and financial experts from several intergovernmental organizations stressed today that, in order to be successful, the world community would have to employ a multifaceted approach addressing employment, trade, investment and development.

As the States parties to the United Nations Convention on the Law of the Sea continued their annual session today, delegates noted progress made in their consultations on budgetary matters, the allocation of judges’ seats on the International Tribunal for the Law of the Sea and the Commission on the Limits of the Continental Shelf, and reducing the Commission’s workload, but said they needed more time to reach agreement on those outstanding contentious issues.

Calling for vigorous international cooperation to blunt the fallout from the global financial crisis, a panel of senior United Nations officials and Government experts today highlighted strategies –- ranging from a temporary moratorium on debt repayment to increased South-South trade and targeted policymaking -– that could help developing countries strengthen their economies, bolster their financial systems and protect their most vulnerable citizens during the economic downturn.

The new Permanent Representative of Australia to the United Nations, Gary Quinlan, today presented his credentials to UN Secretary-General Ban Ki-moon.

Decrying a world economic order that had rewarded the powerful, marginalized the poor and promoted an unbridled capitalism that ignited unprecedented financial contagion, General Assembly delegates today urged swift and concerted measures to restructure international finance bodies and forge people-centred policies that addressed human security.

The following statement was issued today by the Spokesperson for UN Secretary-General Ban Ki-moon: