Countries in South America and Africa have pledged to take steps to create a new international financial order
On Sunday on island Margarita / north-east of Venezuela / closed 2nd summit countries in South America and Africa. Participants of the two-day meeting were talking about the creation of a new international financial order to overcome the global economic and financial crisis.

At the summit, representatives of the countries have expressed political commitment to strengthen mutual understanding and South-South cooperation. At the meeting were signed the “Nueva-espartan Declaration”, adopted a plan of action.
The outcome document states that the new international financial order should be based on democratic principles and ensure the full participation of developing countries. It also stresses the need to enhance regional financial and monetary structure to counter the financial crisis.
State participants in the summit agreed to exchange in the future experiences on energy conservation and development of new types of energy, including clean. In addition, they expressed their willingness to strengthen cooperation between the two continents in the energy sector, as well as promote the development of the energy industry and related infrastructure to ensure energy security and integration.
Representatives of the South American and African states in its declaration called on developed countries to assume greater responsibility for environmental protection, as well as placing more stringent targets for reducing emissions of greenhouse gases in the atmosphere. Considerable attention was also focused on strengthening efforts to eradicate poverty and hunger, which is necessary for the implementation of the UN “Millennium Development Goals.
This summit was attended by delegations from 61 countries in Africa and South America. The motto of the two-day meeting - “Bridging the gap, opening possibilities.”
The first summit of South America and Africa was held in November 2006, the Nigerian capital Abuja. The third summit to be held in September 2010 in Libya.









