Tagged: financial crisis
The International Monetary Fund (IMF) board will meet this week [6 April] to discuss how to use the extra $2.8 billion windfall it made from selling 403.3 tons of gold late last year. The windfall profits should be used to cancel the debts of poor countries facing crises outside their control.
The UN Conference on the World Financial and Economic Crisis and Its Impact on Development was a missed opportunity to address the needs of poor countries, Oxfam said today.
This G20 summit delivers a vital pick-me-up for poor countries struggling to survive the economic crisis but much more is needed to ensure their long-term recovery.
The scale of the losses could outweigh the $103bn developing countries receive annually in overseas aid.
Leaders meeting at the World Economic Forum in Davos this week should seriously consider how the economic crisis can be a catalyst for new models of growth and a new way of doing business.
Poznan, Poland: The UN climate negotiations have not shown the urgency and political will needed to fight climate change and keep millions of people safe, Oxfam International said today.
Poznan, Poland: International agency Oxfam called on finance ministers to undertake a concerted effort to address climate change and treat the climate crisis at least as seriously as they have treated the economic crisis, for which they quickly mobilized trillions of dollars.
As governments from across the world gather for a major international conference in Doha, Qatar, this weekend, international agency Oxfam is calling on rich countries not to water down their aid commitments.
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).
