G20 leaders must take four concrete steps during the next few months to demonstrate their promise of a new world economic order will move beyond rhetoric to reality, Oxfam said today.
Finding the opportunity in a crisis is more than a snappy political catchphrase. It is the opportunity for the leaders of the G20 meeting on April 2nd to take long-term decisions in the interests of people and the planet. (a joint agency op-ed on the G20)
The $8.42 trillion promised by rich country governments to bailout banks would be enough to end global extreme poverty for 50 years and a massive step towards ending it forever.
Europe is turning its back on poor countries just when they need help most. At a crucial time just ahead of the G20 Summit in London, the EU is empty-handed and in no fit state to lead the world on the two biggest issues we face today – the economic and climate crisis.
The scale of the losses could outweigh the $103bn developing countries receive annually in overseas aid.
The G20 must avoid small-scale tinkering and instead take immediate, aggressive action to tackle poverty while laying out an ambitious vision for reforming the world economy at its Financial Crisis Summit on Saturday (15 November).