Calls for fairer global financial structure - preview
As the world struggles to resolves the international economic crisis, Oliver Robertson speaks to campaigners with plans for a different future
The global economic crisis offers a chance to make international finance fairer, say campaigners
Two processes are currently underway, one under the auspices of the United Nations and the other between the G20 group of leading industrialised and developing countries However, a frenzy of activity by pressure groups aims to ensure that it goes beyond resolving the ‘credit crunch’ and gives smaller, poorer countries a greater say in the world’s financial institutions
Peter Chowla of the Bretton Woods Project, which monitors the International Monetary Fund (IMF) and World Bank, argues that while it is right for the forthcoming G20 summit to deal with the immediate banking crisis, reform should be wider ‘It’s very clear that there are some policy areas where we need action taken That won’t happen in a day summit’, he said This view was supported by Nick Dearden, director of the Jubilee Debt Campaign, who explained that ‘what we’re worried about is that we could be back in the situation where there is this cyclical lending and debt… that we were set up to campaign against’
Oliver Robertson
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News round-up
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Calls for fairer global financial structure
Oliver Robertson
A new story on climate change?
Laurie Michaelis
Comment
Trish Carn & Barbara Tonge, Eva Hopwood and Tim Baynes
Letters
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He’s not the messiah…
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The plot twists of 4 November
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Every note has a colour
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Body theology
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Web extra – Quaker Tapestry wins award
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