Experts address missing pieces of crisis response ahead of Canadian 2010 G8/G20 meeting
On October 19th and 20th the Halifax Initiative co-hosted a conference with The North-South Institute and the University of Ottawa on “What’s missing in the response to the global financial crisis?” The conference sought to engage the Canadian government in discussions with national and international academics, activists and policy-makers ahead of next year’s G8/G20. The conference touched upon a range of issues related to the causes of the crisis, policy and regulatory remedies, governance of the international financial institutions, tax havens and unfettered private capital flows, an emerging debt crisis, alternatives to the renewal of the Doha trade round, and the respective roles of the United Nations and G20. A policy brief with clear recommendations for the government is forthcoming.

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.

Executive Summary
2010 will be a decisive year for Canada, and for the world.  The deadline for meeting the world’s Millennium Development Goals (MDGs) is only five years away.   Our decisions on economic reform and climate change will determine the success of world’s efforts to reduce poverty and reverse dangerous global warming for the next generation and beyond.  As host of the next G8 and G20 Summits, Canada can make the difference between relegating these aspirations to a distant hope in an uncertain future and confirming the possibility of achieving these goals in our lifetime.  The consequences of reneging on our promises are unthinkable for the millions around the world looking towards a new model of globalization that is socially responsible, economically sustainable and environmentally just.

G8 down, but not out, as G20 makes pledges on crisis
If the big headline for April’s G20 Summit (See IU April 2009) was the $1.2 trillion pledged to tackle the financial crisis, this month’s showcase was the G20 itself, as the 20 countries crowned themselves the premier fora on global finance. Next year’s G8 in Canada will in fact be preceded by a G20 meeting, which Ottawa will co-host with 2010 G20 chair Seoul. Earlier this month, Liberal opposition leader Michael Ignatieff went one step further, suggesting that the G8 not bother meeting any more, and calling for a permanent G20 secretariat in Canada.