Yes, the global financial sector has upped its game – but not nearly enough
posted by fincrisis | Wed, 07/10/2009 - 11:08Things have changed. The problem is that they have not changed nearly enough.
OECD removes tax havens from list
posted by fincrisis | Wed, 08/04/2009 - 14:30The Organisation for Economic Co-operation and Development (OECD) has removed all four countries from its blacklist of tax havens. The blacklist published last week included Costa Rica, Malaysia, the Philippines and Uruguay. OECD chief Angel Gurria said in Paris that all four countries had now agreed to adopt its regulations.
General Assembly agrees on terms of UN summit on financial crisis
posted by fincrisis | Wed, 08/04/2009 - 14:23
The United Nations will convene a global summit in June to assess the impact of the world economic crisis on development, it was announced today, after the General Assembly agreed on the arrangements for the conference.
G20 should abandon its faith in free trade
posted by fincrisis | Thu, 02/04/2009 - 10:35
While banks are being nationalised, bonuses recalled, and trillions of dollars of debt racked up, while pretty much every other concept, belief or ideal is being interrogated, contorted or just set aside, “Free trade is good” continues to be presented as a totemic truth, ring-fenced from debate or interrogation. Any questioning of this axiom is not even on the G20’s agenda.
Developing countries want say in world finance
posted by Jesse | Wed, 01/04/2009 - 15:03The global financial crisis has opened up an important opportunity for African Ministers of Finance and Central Bank Governors to push for more responsive and supportive multilateral institutions.
On eve of G20 summit, new blow to Gordon Brown
posted by fincrisis | Mon, 30/03/2009 - 14:30Ministers were struggling to maintain momentum for the G20 summit last night after it emerged that any spending decisions would be deferred to a later meeting, further narrowing the scope of this week's London talks, which have been plagued by divisions between European leaders and Gordon Brown.
London calls the street rebels
posted by pchowla | Thu, 26/03/2009 - 16:09The global justice movement is back in town – and planning the biggest rally since the Iraq War march. The difference this time is that the politicians may have to listen
A look at stimulus plans in G20 countries
posted by fincrisis | Wed, 25/03/2009 - 18:07Following are stimulus packages being proposed by some of the Group of 20 nations that will be gathering for talks in London on April 2. The sums do not include help for the banking sector.
UN, not G20, must lead in solving crisis
posted by pchowla | Mon, 16/03/2009 - 12:39The United Nations, and not the G20, should lead in trying to come up with a new financial architecture that would rise out of the current economic crisis, Prof. Walden Bello of the Freedom from Debt Coalition said Friday.
Earth to G-20: The Developing world is too big to fail
posted by neilwatkins | Sat, 14/03/2009 - 17:38Both the former Bush administration and the Obama administration agreed that, in the face of the recession, it’s essential for the government to use deficit spending to stimulate the U.S. economy — the only question is how big the stimulus should be. I would expect that people in poorer countries are hurting even more from the recession than the U.S. is. When the wealthy G-20 nations meet in London on April 2, what can they do to help, and why is it so important?