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Europe Global Environment & Development The New South From G8 to G20 The Development Agenda UN Reform Global Finance Doha Final The Euro-zone in Crisis Eastern Europe

Issue 2/Mar-Apr 2009


* New Report: A Global Green Recovery is Possible. G20 should tackle double crisis
Measures of G20 members for economic recovery can trigger a boost of both sustainable growth and climate protection. This is the result of a policy paper presented in Berlin just one week before the London G20 summit. The report was authored by a team led by Ottmar Edenhofer of the Potsdam Institute for Climate Impact Research (PIK) and Lord Nicholas Stern, Chair of the Grantham Research Institute on Climate Change and the Environment at London School of Economics and Political Science (LSE) and prepared on behalf of the German Foreign Office. Michael Monks summarises the main points.

* Proposals for Profound Reform of Financial System. Stiglitz Commission presents interim report
With the world facing the first crisis of the modern age of globalization, a commission of economic experts chaired by Nobel Laureate and former Chief Economist of the World Bank Joseph Stiglitz calls for the creation of a new global reserve system and a global economic coordination council as part of a fundamental reform of the international financial architecture. Carla September reports

* Increased IMF Funding without Reforms? G20 countries should think twice
The G20 summit meeting in London on April 2nd will have a lot on its plate and will certainly fall short of expectations. There is a world recession, the worst for more than 60 years, and the immediate problem of how to get out of it through fiscal and monetary stimulus. Then there is regulatory reform. And sadly, last on the agenda is aid for the poorest countries that pay the biggest price in human terms for a disaster caused mainly by the richest people in the richest countries. By Mark Weisbrot

* On the Wrong Side of the Global Water Divide. 5th World Water Forum in Istanbul
Istanbul is currently hosting thousands of international water bureaucrats, which are convening for the 5th World Water Forum. Their official motto, "Bridging the Divides for Water", poses a daunting challenge. Almost one billion people still lack access to adequate and safe water supply. Yet financial flows to the developing world are rapidly drying up, even for the water sector. Peter Bosshard comments.

* Call for More Say in International Finance Reform. Statement of the BRIC Finance Ministers for G20
Issuing their first-ever communiqué at a G20 finance ministers' meeting, Brazil, China, Russia and India have called for a bigger voice on international bodies - signalling their growing political resolve to influence global affairs. On the eve of the official G20 meeting for the preparation of the London summit on 13 March the group released the following statement. WDEV documents the communiqué in full length.

* Seperately: The European Civil Society Round-Up: Newsblog entries for Mar-Apr 2009
G20 results: Better done than the G8, but a long way to go + G20: Chance for a new globalisation? + G20 summit: We should look at specific numbers + Bank bailout could end poverty for 50 years + Trade unions to G20: Half measures will not fix global economy + Subprime carbon report points on dangers + World Water Forum: Turkey deports International Rivers' staff + Women call for a future based on alternatives to mainstream economics + EU climate approach puts world's poorest at peril
>>> more

WDEV 2/Mar-Apr 2009 as PDF file for subscribers >>> HERE

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