PRESIDENT DE MARCO RECEIVES THE SECRETARY GENERAL OF THE COMMONWEALTH THE RT. HON. DONALD C. MC KINNON.

The President of Malta Prof Guido de Marco this morning received the Secretary General of the Commonwealth the Rt. Hon Donald Mc Kinnon. Mr. McKinnon is in Malta to participate in the Commonwealth Finance Ministers' meeting. This meeting is held every year in a Commonwealth country.

President de Marco reflected on the impact of the process of globalisation in various spheres, not least the economic sphere. He observed that onwealth ministers will certainly give consideration to issues affecting the disparities existing between the rich and the poor countries. The President mentioned the privatisation processes and asked how these could be modified to suit particular situations and countries. President de Marco said that he felt sure that the ministers will also be discussing the current high price of fuel oil and the impact this will have on economies.