The United Nations will convene a global summit in June to assess the impact of the world economic crisis on development, after the General Assembly agreed on the arrangements for the conference. “In the midst of the most serious economic downturn since the Great Depression, we now have the opportunity and the responsibility to search for solutions that take into account the interests of all nations, the rich and the poor, the large and the small,” Assembly President Miguel D’Escoto stated after the 192-member body adopted a resolution on the 1 to 3 June summit.