G20 Urges U.S. Action on IMF Reforms by April

The Group of 20 (G20) industrialised and emerging economies on Sunday formally expressed frustration with the ongoing inability of the United States to approve a major reform package that would see governance at the International Monetary Fund (IMF) shift more towards developing countries.

OECD in “Game-Changing” Move to Halt Tax Evasion

A major grouping of rich countries has unveiled a new model for the automatic exchange of certain individual financial information between countries, aimed at significantly cutting down on offshore tax evasion.

Key Global Financial Agencies Fall Short on Poverty Reduction

Key multilateral institutions charged with improving regulation of the international financial system are failing to democratise their governance and adequately consider the impact of their actions on the world's poor, says a new report by anti-poverty groups.

Obama Increasingly Isolated on Syria Military Action

With a week of intense lobbying behind him, U.S. President Barack Obama looks increasingly beleaguered - both at home and abroad - in his effort to rally support for a military strike against Syria to punish its government for its alleged Aug. 21 chemical-weapons attack outside Damascus.


Urgent Action Is Needed to Restore Growth

The global economy weakened significantly towards the end of 2011 and further downward pressure emerged in the course of 2012. The growth rate of global output, which had already decelerated from 4.1 percent in 2010 to 2.7 percent in 2011, is expected to slow down even more in 2012 to around 2.3 per cent. Developed economies as a whole are likely to grow by only slightly more than one per cent in 2012, owing mainly to the recession currently gripping the European Union (EU).

José Graziano da Silva, director-general of the Food and Agriculture Organisation of the United Nations (FAO). Credit: FAO News

Better Governance to Achieve Food Security

Despite a sudden increase in July this year, prices of cereals on world markets remained fairly stable. But there are no grounds for complacency, as cereals markets remain vulnerable to supply shocks and disruptive policy measures. In this context, the good harvests that are expected in the Southern Hemisphere are important.


Multilateralism is at a Crossroads

Multilateralism is at a crossroads. This is a crucial matter for environmental and sustainability issues, as we have seen in the Rio+20 Summit, and for trade and other economic matters. The G20 Summit in Los Cabos, Mexico, focused precisely on improving our collective response to the current economic turbulence, which is at the heart of developments in the European Union (EU) as well.

G20 to See Showdown on IMF Reforms

The head of the International Monetary Fund (IMF), Christine Lagarde, on Wednesday urged countries to act on a suite of reform measures that would significantly increase the voices of developing countries within the agency.

Private Interests Infiltrate G20 Summit

Business will push for the freeing up of trade in green goods and services, at the upcoming summit of heads of state of the Group of 20 (G20) industrialised and emerging countries in Mexico.

Manza Village near Inga Dam on Congo River. Grassroots activists say such mega projects overlook the social, economic and environmental costs. Credit: International Rivers/CC BY 2.0

World Bank Accused of Ignoring Lessons on Mega Infrastructure

In a renewed funding focus on large-scale infrastructure, the World Bank, Group of 20 (G20) countries and other multilateral groups are wilfully overlooking lessons learned decades ago, a new report by International Rivers warns.

Q&A: Busan Beckons With New Promise

For a start, stop calling it "aid", Brian Atwood, chair of the Development Assistance Committee at the OECD, tells IPS.

Sylvia Meltina, a Kenyan woman, says her family can no longer afford regular meals because of rising food and fuel costs.  Credit: Peter Kahare/IPS

G20 Remiss in Tackling Food Security

Last Friday Benoit Miribel, President of Action Against Hunger, delivered a strong indictment of the outcome of the Group of 20 (G20) summit in the south of France: "The G20 meeting in Cannes has been a missed opportunity."

China Looks at Life After Euro

If Chinese detractors of liberal democracy and unbridled market development ever needed more fodder for their attacks on the West, then last week's Greek farce provided plenty. But behind the headlines announcing "the collapse of Europe" there is little sense of ideological triumph. Instead Beijing is busy drawing up contingency pans for the break up of the eurozone and absorbing the lessons of welfare state excesses.

Heads of the Group of 20 (G20) major economies meet at this year's summit in Cannes, France. Credit: UN Photo/Evan Schneider

G20: Final Push for Financial Transactions Tax

While the Greek bailout and stimulus package dominated discussion among the Group of 20 (G20) major industrialised and emerging market economies at the high-level summit in Cannes, France, this week, the proposed financial transactions tax (FTT) received meagre attention.

French honour guards at the G20 Summit at the Palais des Festivals in Cannes, France. Credit: UN Photo/Evan Schneider

At G20 Summit, Civil Society Demands ‘People First, Not Finances’

While the 20 heads of state of the Group of 20 (G20) industrialised and emerging countries gather in southern France to deliberate on the future of the global economy – particularly the crises unfolding in the Eurozone – pockets of activists are amassing around the summit to make their voices heard.

A police car burns at last year's G20 summit in Toronto, Canada. Credit:  Marty Olauson/IPS

IBSA: In Conflict with the EU

When the G20 leaders meet for their fifth summit in Cannes, France, on Thursday, they will be confronted with several worsening global economic and trade issues. Among them is how to strengthen the international trading system and how to overcome the developmental deficit that continues to create an uneven playing field for poor countries.

Anti-G20 Summit Prepares Its Case

Anti-globalisation and anti-capitalist groups are gathering ahead of the G20 meeting in Cannes in the south of France next week.

G20 Steps to Boost Economy Welcomed Cautiously

Responding to pressure from civil society and members within their own ranks, the Group of 20 industrialised and emerging countries on Saturday said they were committed to reforming the financial sector and were examining innovative methods to fund development.

SPAIN: ‘Rich Must Share Cost of Crisis’

As global working-class outrage against corporate capitalism explodes in organised protests around the world, scores of citizens in Spain are demanding an end to tax breaks for the wealthy.

Bill Gates to Support “Robin Hood” Tax

Microsoft co-founder and billionaire philanthropist Bill Gates appears poised to endorse the adoption of a controversial financial transactions tax (FTT) to be used as a new source of development aid for poor countries.

China, India Score With Untied Aid

Armed with a smile, Don Marut exposes the pitfalls of Western aid to developing countries. At a conference here, the Indonesian recalled the story of how 40 electric-train carriages were sent from Germany to his country for a journey to nowhere.

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