the friend online
20 March 2009


‘G-force’ pressures on world leaders ahead of summit - preview

The London summit on reviving the global economy and reforming the world’s financial institutions is just under a month away. We ask what it will achieve

At the start of April leaders from the G20, a group of major developed and developing nations, will gather in London to try to fix the global economy and pull the world out of recession
  • From the one-day summit (plus ongoing preparatory talks) they hope to stabilise financial markets, reform the global financial institutions and create ‘sustainable economic growth’

  • The importance of this is becoming increasingly apparent: the World Bank has warned that ‘the financial crisis is fast becoming a human crisis’ and considers that fifty-three million more people could be pushed into poverty this year as a result of the world economic situation
  • Peter Chowla of finance-focused NGO the Bretton Woods Project estimates that 2
  • 8 million children will die because of the crisis

  • Oliver Robertson

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