Nov 26 2008 |
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Doha to host UN meeting on global crisis fallout
DOHA: A UN conference to formulate recommendations to fuel development in key sectors is set to open here on November 29, 2008. The four-day event will be the first major conference to discuss the impact of the global economic slowdown.
The meeting is a follow-up to the International Conference on Financing for Development that took place in 2002 in Mexico. Heads of state, government ministers, top officials from the World Bank and IMF, and financial experts from international organisations will attend the meet.
UN Secretary General Ban Ki-moon has invited heads of state to an advance meeting on November 28, co-hosted by the Emir H H Sheikh Hamad bin Khalifa Al Thani, to discuss responses to the economic slowdown. The Emir, who is also the president of the General Assembly of the conference, will address the opening session.
Kemal Dervis, Administrator of the UN Development Programme remarked that the Doha conference was taking place at a "very difficult" time. The potentially serious consequences of the crisis for development, he said, stress the need to act to prevent the financial crisis from becoming a human crisis. The Doha meeting, in this context, takes on added significance, agencies quoted him as saying.
The Doha conference culminates a year of extraordinary turmoil in the financial markets. It also has been a year of heightened UN activity on development, including the 12th UN Conference on Trade and Development and the formation of a system-wide task force on the global food crisis in the first half of 2008.
The conference will include eight plenary meetings, which will be held on Saturday and Sunday.
The conference will also feature six interactive multi-stakeholder round tables on six major thematic areas. Each round table will be open to participation by representatives of all member states; 21 representatives of observers, relevant entities of the United Nations system and other accredited intergovernmental organisations; seven representatives of accredited civil society organisations; and seven representatives of accredited business sector entities.
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Comments By Our Users (1)
Yes, we can prevent the financial crisis from becoming a human crisis.
POLITICS: World Bank, IMF Heads Under Fire for Skipping Summit
By Thalif Deen
http://www.ipsnews.net/news.asp?idnews=44859
SNIP
UNITED NATIONS, Nov 25 (IPS) - The chief executive officers of the World Bank and the International Monetary Fund (IMF), two financial institutions based in Washington, have come under heavy fire for their decision to skip a major U.N. conference on Financing for Development (FfD), scheduled to take place in the Qatari capital Doha over the weekend.
"They are not coming," Father Miguel d'Escoto Brockmann, president of the 192-member General Assembly, told reporte
Without identifying the United States by name, he said the two Bretton Woods institutions “are controlled by a member of the United Nations who is anti-United Nations.” UNSNIP
Without the IMF and World Bank, it is possible that the real issues will be tabled.
If the USA will also be absent in Doha,
then there may be a very real possibility that the dollar-regime will be questionable in Doha.
Financing for Development (FfD)
Posted: 24-Nov-2008
http://blogs.zawya.com/goldiswealth/081124072208/
SNIPS
The international conference on Financing for Development (FfD), scheduled to take place in Doha, Qatar, from 29 November to 02 December 2008, should examine the causes of the crisis.
These causes are the monetary policies of “our” central banks, that is, for the moment their policies of lowering interest rates. The solution is to call for an end to trade cycles by taking monetary policy out of the hands of governments.
+
Let us hope that this conference will stop maintaining the corrupt dollar-regime at all cost.
Let us hope that this conference will stop caricaturing everything (oil, gas, gold, euro, etc.) which does not suit the said regime.
Let us hope that this conference will call for an end to trade cycles by taking monetary policy out of the hands of governments.
I am not sure a conference of heads of “state” is likely to do that.
Hence, we shall forever remain underdeveloped.
UNSNIP
Who knows? Now that the parasites are absent, there may be a useful discussion.
The economic model is broken
By Ron Beasley
http://www.newshoggers.com/blog/2008/11/the-economic-model-is-broken.html
Ivo:
If the economic model is broken,
then we should replace it with something else.
That is what is meant by a NEW Bretton Woods agreement.
Yes, we can conclude a new Bretton Woods agreement without the IMF, without the World Bank and without the USA.
Ivo Cerckel
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