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IMF chief
calls for end of poverty after pie in the face
The managing director
of the International Monetary Fund (IMF), Michel Camdessus, has called for
fresh efforts to eliminate poverty.
Mr Camdessus told a conference
of developing nations in the Thai capital, Bangkok, that the growing gap
between rich and poor was morally outrageous.
Mr Camdessus said
poverty was the greatest concern of our time, adding the widening gaps
between the most affluent and most impoverished nations were morally
outrageous, economically wasteful and potentially socially explosive.
But there have been wide-ranging critics of the IMF's policies in
the rescue of the Asian economies in the past two years.
Pie
Earlier, Mr Camdessus became the latest
victim of a notorious pie-throwing protest group, after a lone
demonstrator landed a pastry on his face at the talks.
He joins
Microsoft boss Bill Gates, former World Trade Organisation (WTO) leader
Renato Ruggiero and film director Jean-Luc Godard as embarrassed victims
of Patissiers sans Frontieres (Bakers without Borders - PSF).
Mr
Camdessus, who was about to deliver his last major address as IMF managing
director before retiring on Monday, was targeted by the self-styled
"pastry commandos" as he arrived at the venue hosting the United Nations
Conference on Trade and Development (UNCTAD).
As he approached the
lectern, the protester walked up casually to within arm's length of the
IMF chief and unleashed the pie.
Security personnel quickly moved
to surround Mr Camdessus, who appeared shocked by the attack.
The
protestor, US national Robert Naiman, was later released by police after
the UN declined to press charges.
UN Secretary-General Kofi Annan
later said the attack was "a bit rude" adding Mr Camdessus and the IMF had
"done a lot for the international system".
PSF says the
pie-throwing is designed to poke fun at prominent figures and those who
are judged to take the public creamings with good humour are never
bothered again.
Security
UNCTAD's Thai hosts
have erected a massive security curtain around the meeting, anxious to
prevent a repeat of the violence at WTO talks in Seattle last year and at
the World Economic Forum in Davos last month.
However, 1,000
activists marched on the conference Saturday, calling for radical changes
to the global financial system, which they say keeps much of the world
locked in poverty.
UNCTAD, which has earned a reputation as an
advocate of developing nations, is attended by many delegates hostile to
the role of world financial bodies.
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