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.
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.
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 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 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.
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.
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.
G20 communiqué steers clear of protectionism
posted by fincrisis | Wed, 01/04/2009 - 10:24Leaders of the world’s 20 leading and emerging economies meeting in London this week are set to reiterate a pledge to avoid protectionism and complete stalled global trade talks but offer little to those calling for more economic stimulus.
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.