Global General

G8 leaders: Challenges must and can be addressed effectively

(Xinhua)
Updated: 2010-06-27 01:15

TORONTO -?Leaders of the eight richest nations said that major global challenges must and can be addressed effectively through focus, commitment and transparency, and in partnership with other concerned members of the global community.

They made the remarks in a declaration, Recovery and New Beginnings, issued on Saturday when the two-day G8 summit concluded at Muskoka, Ontario, Canada.

The G8 leaders stressed that they are focusing on an effective agenda to address key challenges in development, international peace and security, and environmental protection.

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They pointed out that the undergoing economic crisis exposed and exacerbated vulnerabilities already embedded in integrated global economies, development efforts, and collective security.

"Progress is being made, through the work of the G20, towards the sustainable recovery of our global economic and financial system,"they added.

On the issue of development, they said that a decade of policy commitments and joint efforts with partners has brought significant progress towards the Millennium Development Goals ( MDGs), but both developed and developing countries must do more as the crisis has jeopardized advancement toward meeting some of the 2015 targets.

"As recovery takes hold, we are at an important crossroads where nascent hope and optimism must be channeled into building more secure, equitable, inclusive and sustainable societies globally, where greater attention is paid to improving and effectively assessing the well-being of people,"the leaders added.