IFI governance

Roy Culpeper

Thematic overview of the crisis, its impacts, current responses and future opportunities

Roy Culpeper, President, The North-South Institute

Questions and answers and discussion Monday 5:30pm panel

Thinking the unthinkable – The global financial crisis as an opportunity for transformative and systemic change?

Dr. José Antonio Ocampo

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.

Jomo K. Sundaram

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 

HI Resource Types: 

Chuck Freedman

Causes of, and responses to, the global financial crisis
Chuck Freedman, Co-Director, Centre for Monetary and Financial Economics, Carleton University.

Government of Canada: 

Monday Evening - Moderator's Introduction

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

What's missing in response to the global financial crisis: Presentations and Speeches (podcasts)

 Topic  Presentation  Speech
KEY NOTE: Thinking the unthinkable – The global financial crisis as an opportunity for transformative and systemic change?    Podcast
Causes of, and responses to, the global financial crisis - Chuck Freedman, Co-Director, Centre for Monetary and Financial Economics, Carleton University

Event: Conference on What's missing in the response to the global financial crisis? - October 29-20, 2009

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? 
Rethinking the international financial system during a time of 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

Monthly Issue Update: July 31, 2009

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.

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