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The G20 and the Global Economic Crisis
In April of this year the G20 met in London to address the continuing global economic and financial crisis. At the end of the Summit British Prime Minister Gordon Brown announced pledges of $1.1 trillion to boost the world economy and avoid an economic depression. InterAction urges the G20 countries to continue the progress made at the London Summit. The G20 leaders should fulfill pledges they agreed to in London and take the following actions to reduce the negative impacts of the global economic and financial crisis.
1. The G20 countries must rapidly implement their London Summit pledge of $50 billion dedicated for low-income countries to help them mitigate the impact of the global financial and economic crisis. • Developing countries need to have immediate access to funds and the flexibility to design and implement counter cyclical policies and social safety nets, which most developed countries have already undertaken.
2. The G20 countries should establish a transparent accountability mechanism to monitor their agreed decisions, pledges and disbursements. • This process must be robust, credible, public and inclusive.
3. The International Financial Institutions (IFIs) should be responsive to developing countries’ needs and use innovate mechanisms for a rapid disbursement of funds. • Resources should be in the form of grants, not loans, to avoid accumulation of unsustainable debt and stimulating a new debt crisis. • Developing countries need to be protected from pro-cyclical policies often imposed on them by the IFIs. • IFI governance must be rapidly reformed to reflect the changing global economy and allow emerging economies and developing countries to have representation in the economic decision-making bodies.
4. The G20 should ensure that financial institutions and markets are reformed, held publicly accountable and regulated effectively. Reform measures must include provisions to address abusive and risky activities of hedge funds, “vulture funds,” off-balance sheet transactions and credit rating firms.
Documents à télécharger
Actualités
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G8/G20
El Foro Internacional de Plataformas de ONGs demandó reformas estructurales al G20
25 de diciembre de 2011, El Grupo de Facilitación del Foro Internacional de las Plataformas nacionales de ONGs elaboró un documento donde se demanda que el G20 lleve a cabo reformas fundamentales y de largo alcance del sistema económico mundial, que aseguren un desarrollo inclusivo y sostenible y que ofrezca oportunidades reales para todos los ciudadanos. Miembros del Grupo también participaron en una reunión de trabajo que el presidente Nicolás Sarkozy sostuvo con representantes de ONGs. -
G8/G20
Fórum Internacional de Plataformas de ONGs exige reformas estruturais para G20 en
8 de Dezembro de 2011, Líderes do G20 estão reunidos em Cannes para discutir diversos temas globais, inclusive sobre a possibilidade de uma segunda crise econômica mundial em apenas 3 anos. -
Actualités
Group de Facilitation du Forum International des Plateformes d’ONG : en appelons au G20 pour produire des réformes d’envergure du système économique mondial
7 décembre 2011, Membres du Forum International des Plateformes d’ONG, représentant des milliers d’organisations de la société civile de pays appartenant ou non au G20, en appelons au G20 pour produire des réformes d’envergure du système économique mondial. Des réformes qui vont garantir un développement inclusif et durable et fournir des opportunités réelles à tous les citoyens. Avant G- 20 membres du Group du Facilitation a également participé à la réunion de travail du president Sarkozy avec les ONG. -
ACCIÓN – Asociación Chilena de ONGs : G8/G20
International Civil G8 Dialogue in Rome
29 de abril de 2009, It will take place on May 4th and 5th 2009.
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