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 Avatarfrankie 26th Feb - 12:14pm
    @peter Watson The Liberal Democrats exist to build and safeguard a fair, free and open society, in which we seek to balance the fundamental values...
  • User AvatarRichard Underhill 26th Feb - 12:07pm
    The broadcasters need to be more careful about how they achieve balance. A Radio 4 programme "Call Nick Ross" had one guest, billed as an...
  • User AvatarRichard Underhill 26th Feb - 11:50am
    When computers crashed the deadline for electoral registration was extended slightly and the Leave side complained. There was an increase of registrations during that short...
  • User AvatarPeter Watson 26th Feb - 11:42am
    @frankie "The conversation may change your views and policies or it might lead you to trying to change the opinion of the public." But what...
  • User AvatarDr Jay 26th Feb - 11:41am
    To clarify 64% of REGISTERED VOTERS in the age group 18-24 years voted. A large proportion of would -voters in that age group were not...
  • User AvatarPeter Watson 26th Feb - 11:26am
    @Andrew McCaig @Dan Walker @John I am concerned that there might be a confusion between "turnout" (i.e. the proportion of 18-24 years who were registered...