G20 must not forget developing world
By Kofi Annan, former Secretary General of the UN, Amartya Sen and Michel Camdessus, former managing director of the IMF – The Austrailian
The Australian, September 25, 2009
First, G20 leaders need to follow through with the commitments they’ve made to a Global Plan for Recovery and Reform. Having recognised its “collective responsibility to mitigate the social impact of the crisis and minimise long-lasting damage to global potential”, the group now needs to review how much support has reached or become accessible to developing countries…Skeptics fear that now that the collective financial threat is perceived, rightly or wrongly, to be manageable, the Pittsburgh Summit will result in a weak compromise that reflects divergent national interests rather than a sense of urgency about tackling climate change, chronic poverty and ineffective global governance. G20 leaders need again to manage difficult domestic pressures, overcome narrow agendas and resist populist temptations – and prove the skeptics wrong.
