The meeting is being held at the Fondation Félix Houphouet-Boigny pour la recherche de la paixThe meeting is notably expected to review the implementation of the platform for the development of the South, which was recommended by the 2nd South-South Summit and the operationalization of the Development Fund of the South and Humanitarian Assistance.
President Gbagbo has blamed the current food crisis facing developing countries on the limitations of a skewed economic model dating back to the 19th century, saying that it had created a culture of "dependence on industrialized nations."
"The current food crisis shows clearly... the limitations of certain economic orientations dating back to the 19th century. An economic model that has notably created a situation whereby developing nations depend on the industrialized ones," said President Gbagbo. In order to overcome the current situation, the head of state called on the United Nations to put in place a "fund for the stabilization of staple foods," before adding that the G77 should also move forward and create the "Southern Fund for Development and Humanitarian Assistance" as agreed during a 2005 summit.