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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 3/May-Jun 2009

Contents

* The Potential of Special Drawing Rights. The G20's unfinished business
The Group of 20 (G20) recently endorsed the issuance of $250bn of Special Drawing Rights (SDR) by the IMF, but it made no arrangements for rich countries to transfer their allocations to poor ones. The idea was not even mentioned. Yet that is where the real benefits of an SDR issue would come from. It could fill two distinct gaps in the current financial architecture. A memorandum by George Soros

* Compensating Poor Food Importers. A modest proposal
High food prices are putting the health and lives of the world’s poorest at severe risk. A mechanism to compensate for the effects of higher import prices on the poor is needed and can be implemented immediately. It must be without conditions. Historical experience suggests that in order to avoid undue conditionality creeping in, any meaningful compensation mechanism must be based at the UN, rather than the Bretton Woods institutions or any other organization dominated by the North. By Kunibert Raffer

* Supporting Global Expansion of Aquaculture. The new strategy of the European Commission
Globally, fish is by far the most traded agricultural commodity, and aquaculture is the fastest growing food production activity. Asia is the leader, with 80% of global production. However, with its Aquaculture Strategy of April 2009, the European Commission provides a red carpet to European industry, reports Susanne Gura.

* World Bank Suspends Controversial Labour Indicator. Move points to new development thinking
In an important shift in the World Bank’s approach to development, only two days after this year’s spring meetings the Bank announced the suspension of the controversial “Employing Worker” Indicator (EWI) and a commitment to re-examine and revise both the EWI and the “Paying Taxes” Indicator in its annual country-ranking exercise called Doing Business. WDEV reports from Washington.

* Seperately (as free content): The European Civil Society Round-Up

WDEV 3/May-Jun 2009 as PDF file for subscribers >>> HERE


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