In this paper we assess the outcomes of the London Summit and the UK government's progress towards the 12 recommendations set out by the Put People First platform in March 2009. G20 leaders have not yet gone far enough on the fundamental changes the world needs. The communique appears to have made progress on some critical issues but there were also missed opportunities, especially on building a green economy, and some areas where it moves in the wrong direction.
London Summit
Tax Havens and the Financial Crisis
posted by fincrisis | Thu, 07/05/2009 - 11:02When an entire global financial system collapses, it is reasonable to expect some bickering over the ultimate fixing of things. Rumors of dissention and talk of stimulus-paved roads to hell made everyone squeamish going into the April summit of the G20 group of large and industrialized nations in London. French President Nicolas Sarkozy even threatened to walk out on the whole thing if he didn’t get his way.
A development-blind G20 outcome that empowers an unreformed IMF
posted by pchowla | Wed, 08/04/2009 - 10:57
The G20’s London communiqué of 2 April promised to repair the global economy by taking action in major areas such as restoring growth, jobs, confidence and lending, strengthening financial regulation, funding and reforming the international financial institutions (IFIs), rejecting protectionism and pursuing recovery through a green economy.
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Fixing the IMF
posted by fincrisis | Fri, 03/04/2009 - 17:26The leaders of the G20 will meet on April 2 in London. One item on their agenda will be to consider enhancing the International Monetary Fund's role in international financial governance. This can only be successfully achieved if the IMF undergoes substantial reforms that require either difficult political compromises or amendments to the Fund's Articles of Agreement.
ANTI-POVERTY GROUPS RAISE CONCERNS ABOUT G20 COMMITMENT OF FUNDS TO IMF
posted by Anonymous | Fri, 03/04/2009 - 15:59With the heads of state at the G20 committing to a massive increase in funding for the International Monetary Fund, development, health and education organizations are applauding the funding -- but raising alarm bells about the IMF.
End Poverty 2015 - UN Millennium Campaign vows to support citizens’ monitoring of commitments made by G-20 leaders
posted by fincrisis | Fri, 03/04/2009 - 15:20The UN Millennium Campaign welcomes the recommitment from G-20 leaders to the Millennium Development Goals (MDGs) and the needs of the world’s poorest. The Campaign also welcomes the massive resources pledged by G-20 leaders to developing countries – in both recommitments to previous aid commitments and new pledges.
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Put People First reaction to the London Summit
posted by pchowla | Thu, 02/04/2009 - 17:33
The G20 appears to have made progress on some critical issues but there are also missed opportunities, especially on building a green economy, and causes for real concern in other areas. G20 leaders have not yet gone far enough on the fundamental changes the world needs.
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G20 to agree trebling of IMF funding to $750bn
posted by fincrisis | Thu, 02/04/2009 - 14:06Around $750bn (£512bn) could be made available to help countries pull through the global recession as a result of a decision to treble IMF funding expected to be agreed at the G20 summit in London this afternoon.
G20 draft communiqué
posted by pchowla | Thu, 02/04/2009 - 09:56The G20 draft communique has been released ahead of the London Summit. Sources say the text is unlikely to change substantially ahead of the April 2 summit.
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G24 Statement to G20 leaders
posted by fincrisis | Wed, 01/04/2009 - 12:16
This special Statement is being issued to convey the views of the Ministers of the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development in advance of the London Summit of G20 Leaders.
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