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US to blame for global recession

15 November 2011 22:42 (UTC +04:00)

Baku-APA. A senior Iranian Foreign Ministry official has criticized arrogant US policies, blaming Washington for the current economic crisis across the world, APA reports quoting Press TV.

â€œThe economic crisis has been created due to the unfair economic management of the world by one of the [world]powers and has resulted in a situation in which no country can escape its negative consequences on their development plans,â€ Iran’s Deputy Foreign Minister Mohammed-Mahdi Akhoundzadeh said on Tuesday, IRNA reported.

The deputy foreign minister made the statement during an address at a ministerial meeting of the Indian Ocean Rim Association for Regional Cooperation (IOR-ARC) in Bangalore, India.

Akhoundzadeh blamed some countries for objectifying the world’s economic and political situation for their own benefits.

â€œThere is no prospect of a remarkable change in the world’s economy unless each country plays its role in reforming the current economic situation,â€ he stated.

The Iranian official further addressed the issue of piracy in international waters and called for more cooperation between the IOR-ARC member states.

The regional bloc was established in 1997 with Australia, Bangladesh, India, Indonesia, Iran, Kenya, Madagascar, Malaysia, Mauritius, Mozambique, Oman, Singapore, South Africa, Sri Lanka, Tanzania, Thailand, the United Arab Emirates and Yemen as the member countries.

Seychelles, which had left the organization in 2003, re-joined Tuesday to become the 19th member of the IOR-ARC.