The financial crisis threatens to push 90 million more people into extreme poverty according to a report this month from UK Department for International Development. For a crisis of this scale, we need a comprehensive global solution.
World leaders will gather in London for the G20 Summit early next month. With the right leadership, the summit can provide the opportunity to mitigate the impact of the financial crisis on the developing world. As President Obama steps onto the international stage for the first time, he is uniquely positioned to urge other leaders at the summit to take action.
Below is a link to a petition you can feel free to sign.
Remember, in dealing with the fundamental roots of poverty, we will address the exploitation it perpetuates, such as issues of human trafficking
http://www.one.org/international/obamainlondon/o.pl?id=879-4115292-imvDKsx&t=3
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Some results of the G20 meeting:
Resources: The G20 announced US $50 billion for low-income countries—although we are concerned this includes existing funding—and a further US $100 billion in lending for development banks.
Reform: Developing countries will have some greater representation in the international financial institutions, and election to World Bank/IMF leadership will be based on merit.
Regulation: The G20 announced they would take action to regulate of illicit tax havens.
On top of that, all G20 countries re-affirmed their commitment to the Millennium Development Goals and commitments made at the 2005 Gleneagles G8 Summit.
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