Todays article, November 8, 2010 ~ supporting accords made in Pittsburg Link ~UN panel sees sources for Billions for climate' also levies on airline flights and international shipping; taxes on foreign-exchange transactions ...
April 2010 G20 ~ Call for implementation of accords
The action reflects common understanding among the five that a strong political commitment is necessary to put the accords made in Pittsburgh ― such as financial reform, free trade and job creation ― into action ahead of the planned meetings in Toronto in June and Seoul in November, said Sohn Jie-ae, spokeswoman of the Presidential Committee for the G-20 Summit.
Opportunity: Ensure global economic recovery for all
Provide emergency grants for developing countries to pursue their own counter-cyclical policies, including introducing social safety nets, measures to protect livelihoods of the poor, and to strengthen the public provision of essential services. Such grants should be without the harmful policy conditions that limit democratic ownership of country-led development priorities.
Provide 100% debt cancellation for all indebted poor countries, taking account of the impact of the triple crises of finance, food security and climatic change. A renewed G8 debt initiative should support the establishment of a sovereign debt workout mechanism that is fair, transparent and independent. Such a mechanism should help ensure the responsible nature of future lending and advance the debate on odious and illegitimate debts.
Opportunity: Make global rules and institutions fair
Initiate a process with other countries to transform the current structure of the G20 into a forum that kick-starts a new era of multilateral cooperation – one that models democratic principles of inclusion, representation, transparency and accountability.
Lead efforts to transform and democratize the World Bank and International Monetary Fund through meaningful accountability to the United Nations and to internationally agreed standards for human rights, labour and the environment. The G20 should respect the development of regional monetary and financial initiatives that promote sustainable human and economic development.
Commit to full civil society involvement in decision making at the national level and in the world’s workplaces. Basic freedoms and rights to participate should be a hallmark of G20summit decisions, including for workers and trade unions to engage employers for needed production changes and for the poor and vulnerable groups to shape a future that addresses their concerns.
Opportunity: Implement new rules for trade and finance
Create new rules for regulating both the mechanisms and the flows of global finance, including for hedge funds, tax havens and speculative capital flows. Such rules should ensure that financial institutions, markets and financial products are transparent and publicly accountable.
Commit to a new multilateral trade deal that prioritizes development. This should include new mechanisms to regulate the volatility of commodity prices, tools to support infant industry and small farmers in developing countries, and the rapid elimination of harmful agricultural subsidies. Such a deal should allow for more space for poor countries to protect jobs and public health and to control the pace and extent of liberalization, particularly in financial and other services.
Opportunity: Transition to a sustainable economy:
Promote a coordinated international recovery strategy that emphasizes green and decent job creation and public investments. Measures should be introduced to reduce the risk of unemployment and wage losses, and to support the purchasing power of low-income earners, including single earner households that are overwhelmingly female-headed and households with a parent with a disability.
Support innovative financial mechanisms to meet urgent financial requirements for climate change, development and the MDGs, such as the following: supporting the existing levy on airline tickets in 13 European and developing countries; a carbon tax on wealthy countries’ CO2 emissions (or an equivalent mechanism); a global currency transaction tax; and a global financial transactions tax.
http://halifaxinitiative.org/content/g8-g20-2010-agenda-global-development
"G20 role crucial for global financial system" Wolin (U.S. Deputy Treasury Secretary) On Feb. 15th in Jeddah. There is a G20 Meeting this weekend ...
June 26-27-2010 -The G20 Meets in Toronto, Canada
November 11-12 ~ G-20 Summit, Korea will set ‘Seoul Initiative’
Nov. 11-12 ~ The G-20 Seoul 2010 Summit: Strengthening the Global Recovery
