ENB:03:04
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The current world economic order is unequally structured and the
ecological crisis that we face today requires equitable global
economic adjustment with the North bearing the brunt of the burden
since it has been mainly responsible for resource depletion, Razali
continued. A key to this equitable adjustment is a reform of the
international economic institutions, an improvement in terms of
trade, and an increase of ODA. Without this, developing countries
may opt to ignore commitments made in Rio. He stressed the
importance of restructuring the GEF and commented that the level of
resource commitment for the restructured GEF is a serious cause for
concern. He also mentioned the importance of the transfer of
environmentally sound technology, the reduction and eradication of
poverty and the elimination of unsustainable consumption patterns.
He stressed that while supportive of the various initiatives being
undertaken in the area of sustainable development (Social Summit,
Population Conference, Women's Conference), Malaysia wants to be
certain that the end results do not marginalize Agenda 21.
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