« | Home | »

Wash-up from the G20 meeting…Finally!

By Michael Cebon | June 16, 2009

Wow – it’s been almost 2 months since there was any movement on this blog – sorry for the long hiatus, but hopefully you’ll forgive me once you see some of the great new posts that are in the pipeline…

So, to pick up where I left off, I did promise a follow-up on the G20 meeting in April.  You don’t really remember it? Don’t worry: not that much ended up happening anyway.

Quick summary for those with not much time: The IMF won, ordinary people lost.

For a more in-depth analysis, the Bretton Woods Project has a good summary of what was decided (more money for the IMF and for its Special Drawing Rights) and and what was glossed over (real reform of the IMF, real money for the world’s poorest, and concrete commitments to slowing greenhouse emissions) at the meeting.

The Third World Network also offered some great analysis of the outcome – you can get a flavour of it with article titles like “A DEVELOPMENT-BLIND G20 OUTCOME THAT EMPOWERS AN UNREFORMED IMF” and “Reality behind the hype of the G20 Summit

Online think tank Foreign Policy in Focus also featured a great analysis from  John Cavanagh and Robin Broad titled: “London Econ Summit: Born of Good Intentions, But Ends in Disastrous Results“.  Needless to say, they weren’t impressed at the outcomes either (note to John & Robin: don’t give away your punch-line in your title!)

And just released today (!) is a new report from organisations involved in the Put People First alliance in the UK, which finds that progress at the April G20 was insufficient to create “transformative” economic change.  The report argues that G20 leaders strengthened  institutions like the IMF which hace been responsible for overseeing the policies that caused the global financial crisis in the first place. But luckily there are a variety of positive recommendations for changes that governments should make at the next G20 meeting (in November), in areas like

You can download the full report from the Put People First website here.

Please leave a comment if you’ve seen some other, incisive analysis of the meeting….

Update: Just remembered: if you want more analysis, check out G20 Voice, an initiative of Oxfam GB bringing together 50 bloggers to analyse the G20 meeting.

Topics: G20, Global Economics, Globalisation & Development, IMF & World Bank | Comments Off

Comments are closed.