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.

Posted in Europe / International and Op-eds | Also tagged , , and | Leave a comment
Advert



Recent Comments

  • User AvatarPat 1st Apr - 8:54am
    James .... I'm nearly 70 and don't have 'money to burn'. This is the first time in my life I've made donations to a political...
  • User AvatarAmy Finch 1st Apr - 8:49am
    Helen, I am sorry you have resorted to attacking me and my background (which you have not researched) rather than what I am saying. The...
  • User AvatarSimon Shaw 1st Apr - 8:46am
    @JohnTilley "I look forward to all those who were quick to comment in Caron’s earlier thread criticising 38 Degrees now turning up in this thread...
  • User AvatarJohn Roffey 1st Apr - 8:15am
    I make this point because of the fiasco over tuition fees in 2010. Before electioneering mania takes over entirely - wouldn't it be better for...
  • User AvatarJohnTilley 1st Apr - 7:51am
    I look forward to all those who were quick to comment in Caron's earlier thread criticising 38 Degrees now turning up in this thread to...
  • User Avatarjedibeeftrix 1st Apr - 7:23am
    David-1 "It’s an absurd item, but not because it is racist (or, at least, in the current political climate, not exceptionally racist)" I'm curious as...
Sun 5th Apr 2015
Sat 11th Apr 2015
Sun 12th Apr 2015
Sat 25th Apr 2015