India Signals Its Position

India called on the world body to use its universality to coordinate an international response, which is crucial to overcoming the crisis.

During a discussion on the annual report of UN chief Ban Ki-moon, Indian Ambassador Nirupam Sen attacked the Secretariat for ignoring the economic crisis that is now "crushing" the poor around the globe and for lacking any vision for the future or how the organisation could help developing countries deal with the serious looming challenges.

The 'Relevance' Of UN

The value of the of this criticism of the UN, is clearly symbolic - to signal India's position of a broad based, multi lateral financial system, based on equity.

Kamal Nath had suggested a multi-lateral body to manage the world financial system - unlike the closed, extractive Bretton Woods system.

Without The G-7

It may be

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