Thematic overview of the crisis, its impacts, current responses and future opportunities
Roy Culpeper, President, The North-South Institute
Thinking the unthinkable – The global financial crisis as an opportunity for transformative and systemic change?
The role of the UN in addressing the crisis - Recommendations from the UN Commission of Experts
Dr. José Antonio Ocampo, Director, Program in Economic and Political Development, School of International and Public Affairs, Columbia University and member of the Commission of Experts of the President of the UN General Assembly on Reforms of the International Monetary and Financial System.
Impacts of the crisis and expanding the agenda for change
Jomo K. Sundaram, Assistant Secretary-General for Economic Development, Department of Economic and Social Affairs, United Nations
Causes of, and responses to, the global financial crisis
Chuck Freedman, Co-Director, Centre for Monetary and Financial Economics, Carleton University.
Thinking the unthinkable – The global financial crisis as an opportunity for transformative and systemic change?
Welcome and introduction to the panel.
Moderator: Kari Polanyi Levitt, Emerita Professor of Economics, McGill University
Presentation regarding the principles for guiding a more democratic, representative and accountable G-20
by Fraser Reilly-King, Coordinator, Halifax Initiative Coalition
October 29, 2009
Thank you for inviting us to appear before the Standing Committee to discuss issues related to next year’s Group of Eight and Group of Twenty meeting in Huntsville, Ontario in June.
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Since September 2008, when the financial crisis took on global dimensions, the Group of Twenty has met three times at the level of Heads of State, and with a seeminly impressive array of commitments on tax issues, emergency finance, trade finance, global governance, regulating private capital, and redefining new roles for existing and new global institutions. But what is missing in their response to the global crisis? Who are the real winners and losers? What has really changed, and what hasn't? And are the levels of change commensurate with the tectonic shifts taking place in the global economy and with the degree of impact on the ground? Perhaps more importantly, are these the type of changes to ensure a crisis like this never happens again? What: What's missing in the response ot the global financial crisis? Who: Organized by the Halifax Initiative Coalition; co-hosted by The North-South Institute and the University of Ottawa. When: October 19 - 20, 2009. Why: The conference will look at current responses to the financial crisis, identify where those responses are falling short, and propose some policy alternatives ahead of Canada hosting the Group of Eight Summit in 2010. |
IN THIS SECTION CONFERENCE DETAILS
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The world of international financial institutions (IFIs) and export credit agencies (ECAs), can be a confusing one - especially when faced with so many different acronyms, terms and actors. To help you stay on track, the Halifax Initiative has produced a number of resources. |
Full Report PDF
Summary Analysis of the June 11, 2005 G8 Debt Proposal
On June 11, Finance Ministers from the G8 countries announced a debt remission proposal that would cancel multilateral debts owed to the World Bank, the International Monetary Fund (IMF) and the African Development Bank's African Development Fund (AfDF) by 18 low-income countries.
The G8 proposal offers 100% debt stock cancellation for debts owed to three multilateral financial institutions for the 18 countries that have reached their 'completion points' through the Heavily Indebted Poor Country (HIPC) Initiative. A further 9 HIPC 'decision point' countries, who have not completed or have stalled in their World Bank/IMF programs, might qualify in the near term. The deal could also potentially be extended to the 11 remaining HIPCs that have not yet reached their decision points.
