Off the wire
• 12 Indian pilgrims killed, 30 others injured in bus accident in Central Nepal  • Australian Tax Office investigates Microsoft, Apple and Google  • Canadian government releases delayed 2015 budget  • New York governor concludes Cuba trip  • Central gov't says HK universal suffrage package "legal", "practical"  • John Wall's 17 assists lift Wizards over Raptors  • Indian stocks open higher  • Vietnam's top player ranks 14th in world junior tennis  • 1st LD Writethru: S.Korea, U.S. reach deal on nuclear energy pact  • 1st LD: HK reveals universal suffrage package for 2017 leader  
You are here: 　 Home

Indonesia calls for new global economic order

Xinhua, April 22, 2015 Adjust font size:

Indonesian President Joko Widodo said here on Wednesday that the management of the global economy cannot be left only to the three international financial institutions.

Widodo told the opening ceremony of the Asian-African Summit 2015 that the mere reliance on the World Bank, the International Monetary Fund and the Asian Development Bank is "an outdated view".

"We must build a new global economic order, that is open to new emerging economic powers," said the president.

He said the world needs a collective global leadership which is exercised in a just and responsible manner.

"We also feel the global injustice when a group of established nations are reluctant to recognize that the world has changed," said the Indonesian president.

This year's Asian-African Conference events, running from April 19 to April 24, hosted leaders and delegates from some 100 Asian and African nations, 15 observer countries and 17 international organizations. Endi