A Focus on Poverty, Economic Reform and Climate Change
In 2010 Canada will play host to the world.  The Vancouver Olympics and the G8 and G20 Summits in Muskoka and Toronto will draw the attention of millions to Canada, its geography, its values, policies and practices. If 2008 was the year of China, then 2010 can be the year of Canada.  Around the globe, Canadians proudly sport the Canadian flag in traveling as a symbol of Canadian democracy, openness and concern for human rights.  Yet our great international achievements of the past—Canadian contributions to the establishment of international peacekeeping, the Universal Declaration of Human Rights, the Ottawa Treaty to Ban Landmines and the International Criminal Court—are today clouded by concerns about Canada’s current role in climate change negotiations, Afghanistan, reform of the global economy and addressing global poverty.

Italian G8 serves primi piatti for 2010 G "?" in Canada
Key among the issues addressed at the recent G8 summit in L'Aquila, Italy, were food security, global warming, the Millennium Development Goals (MDGs) and accountability. One of the key outcomes was a three year US$20 billion pledge made by the G8 countries and international institutions, including the World Bank, to boost agricultural production in developing countries. This is seen as one of the biggest aid shifts in decades, to an issue that has been neglected for far too long. But a history of broken promises still has NGOs and civil society on their guard - the G8 pledge at Gleneagles in 2005 of $50bn in development aid by 2010, with half to Africa, is still short by $15bn. G8 leaders also agreed, as developed countries, to reduce their greenhouse-gas emissions by 80 per cent as of 2050, although the Canadian government indicated after the Summit that it would not be budging from its commitment to reduce emissions by 60 to 70 percent by 2050! On poverty, with many of the MDGs - such as reducing the number of women dying in childbirth - already way off track, the summit agreed to a proposal by Gordon Brown to provide an assessment at the 2010 Canadian G8 summit on how the MDGs could be attained in time. Finally, on accountability, the G8 leaders agreed to develop a comprehensive framework to monitor progress on G8 promises, strengthen the effectiveness of their actions, and publish a full report in time for 2010.

Rich countries block real change at UN meeting on crisis
In June the United Nations was the site of a battle being waged between the G77, a group of over 130 developing countries, and the United States, Canada, Japan and the European Union. The fight was over how to address the financial and economic crisis and efforts to transform and democratize the global financial system and its institutions. The final outcome document of the UN Conference on the World Financial and Economic Crisis and Its Impact on Development is positive in that it represents a truly global response and has opened up space for countries to express their views on crisis. But the document falls short because rich countries blocked it from including more substantive solutions (see JUST THE FACTS).  This is particularly distressing given the wealth of ideas generated in the Stiglitz Commission (IU May 2009), one of the key inputs for the meeting.

Tensions build as UN conference on crisis postponed
June 24-26 now mark the new dates for the UN Conference on the World Financial and Economic Crisis and Its Impacts on Development, postponed from the beginning of the month as many European heads of state had said they could not participate because of European Parliamentary elections. The postponement is welcome relief to a process that began last October and has been tense ever since, exposing clear lines between those who favour a truly global response to the current crisis with a real rethink of how the global economy is governed vs. the newly crowned G-20 and their proposal for a status quo plus approach.

This book provides an introduction to a wide range of issues on the World Bank and IMF, including on the institutions

Drop the Debt!

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Join the Call for Debt Cancellation NOW!

Five years ago, as part of the worldwide Jubilee debt campaign, 640,000 Canadians signed a petition calling for the cancellation of low-income countries' foreign debts.

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Version fran'aise

English PDF
Version française

Join the Call for Debt Cancellation NOW!

Five years ago, as part of the worldwide Jubilee debt campaign, 640,000 Canadians signed a petition calling for the cancellation of low-income countries' foreign debts.