INTRODUCTION: As the North-South dialogue between rich between rich and poor countries ended in Paris on Wednesday (1 June), disagreement still remain on the central issues of aid, debt relief and energy.
GV & SV North-South conference centre, Paris, France, and conference sign (2 shots)
SV PAN U.S. State Secretary Cyrus Vance arriving for meeting
SV PAN S. Arabian Oil Minister Sheikh Ahmed Yamani arriving and shaking hands
SV PAN Indian Foreign Minister Atal Vajpayee arriving
CU PAN Algerian Foreign Minister Abdelaziz Bouteflika arriving
CU INTERIOR Conference press officer Paul Doucet speaking to reporters (in English)
SV PAN Vance and Yamani leaving conference centre
TRANSCRIPT: DOUCET: "Two points have emerged this morning one, an understanding on the question of access to capital markets, and there are signs of an emerging agreement on investment, mainly investments from developed countries into development ...developing countries (INDISTINCT) suitable investment finance
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Background: INTRODUCTION: As the North-South dialogue between rich between rich and poor countries ended in Paris on Wednesday (1 June), disagreement still remain on the central issues of aid, debt relief and energy. Foreign ministers from 27 industrial and developing nations have been taking part in the three-day conference in the French capital
SYNOPSIS: The meeting began with a promise from United States Secretary of State, Mr. Cyrus Vance, for new moves towards a fairer international economic system. But according to officials a great deal of ground still needed to be covered.
One of the main issues of the meeting has been the use of energy, and conference has agreed to set up an international institution to monitor it. Other major problems discussed included the extent of aid to developing countries and the establishment of a multi-billion dollar fund for the developing countries. M. Paul Doucet, the conference press officer, spoke to newsmen afterwards about the issue.
Although the conference has ended, details of the fund and many other financial and economic problems will continue to be negotiated in future meetings.