World: Current financial crisis requires global solution.

Section: General News - The Monday special high- level meeting at the UN Headquarters in New York helps to strengthen the consensus of the international community that the current economic and financial crisis is a global issue that requires global solution, a UN expert said here on Tuesday.

Dr. Hong Pingfan, chief for Global Economic Monitoring in the UN Department of Economic and Social Affairs, said in an exclusive interview with Xinhua that the high-level meeting of the Economic and Social Council (ECOSOC) with the Bretton Woods Institutions ( BWIs), the World Trade Organization (WTO) and the UN Conference on Trade and Development came at a time when the world is deep in the worst economic recession since the Great Depression in the 1930s, thus attracting worldwide attention.

The UN Charter established the ECOSOC as the principal organ to coordinate the economic, social, and related work of the …