Tagged: Financial Transaction Tax
The World Development Indicators report released today by the World Bank shows that sub-Saharan Africa is off-target, overall, on all Millennium Development Goals. It lays bare the human cost of rich countries' failure to deliver on their aid promises.
The fact that the IMF is proposing that adaptation efforts are funded by grants rather than loans is positive. But this will only work if developed countries ensure the money is there to resource this vital assistance to vulnerable countries.
G7 finance ministers meeting in Canada this weekend must agree to a Financial Transaction Tax to leverage billions needed to help poor nations deal with the impact of the global economic crisis.