Tag Archives: kofi annan

Opinion: Development in a downturn

Writing in the Guardian, former UN Secretary-General Kofi Annan has added his support to the growing chorus of voices demanding that the needs of the world’s poorest to be placed at the heart of international efforts to stabilise and boost the global economy. With unemployment and financial hardship at home making the headlines, we cannot and must not overlook the potentially enormous problems facing the developing world as a consequence of a situation for which they are entirely blameless.

Last week the G20 finance ministers met in Sussex to set the agenda for the forthcoming London Summit. Although it was encouraging to note that the communiqué that emerged from this meeting clearly indicated recognition of the need to support the developing world at this time of crisis, the extent to which these sentiments will be carried forward to the leader’s summit and reflected in significant new financial or institutional commitments remains unclear.

The G20 summit cannot achieve its aims without putting into place a comprehensive framework of support for vulnerable nations. Declining levels of Foreign Direct Investment, shrinking remittance flows and low commodity prices will all have a disproportionate impact on the lives of people within the developing world, with the World Bank estimating that the economic slowdown could keep an additional 53 million people in poverty in 2009. The complex and urgent nature of the task at hand should be reflected in the solutions offered by the G20; short term entitlement protection must be accompanied by more substantive reforms if the London summit is to successfully set the scene for an economic recovery and longer-term stability.

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  • User AvatarAl 25th Aug - 10:48pm
    There is no change of position as the First Minister made clear at Tuesday's press conference. She said from the outset that all options will...
  • User AvatarGlenn 25th Aug - 10:36pm
    Mathew, Do you not think that part of the problem is that political parties sort of hear what they want to hear at least as...
  • User AvatarPeter Davies 25th Aug - 10:28pm
    The problem is not that the working groups do their job badly. It's the wrong job. We shouldn't have groups of experts selecting one option...
  • User AvatarCaron Lindsay 25th Aug - 10:20pm
    @andy allan: Russell's record speaks for itself. The Stow College affair for a start. http://www.scotsman.com/news/education/stow-college-chairman-quits-over-unwarranted-attack-by-mike-russell-following-secret-recording-row-1-2631477. He is not the person I would ever choose to...
  • User AvatarJohn Peters 25th Aug - 10:06pm
    That's not the impression I have formed. I get the impression that a significant proportion of Scots don't see Nicola Sturgeon as statesmanlike, they take...
  • User Avatarcrewegwyn 25th Aug - 9:56pm
    Dave Orbison, Regular overcrowding on that service? Not today.