United Nations Financing for Development conference in Doha in the United Nations approves a conference to discuss the financial crisis in 2009 - to reach this consensus, were numerous and important measures to combat poverty in the path.
Doha, December 2, 2008 - The body of the Episcopal Conference (KOO) welcomes the decision of the international community, a UN conference to discuss the financial crisis and its impact on development in the coming years. This was the key decision of the three-day conference to review the Monterrey Consensus in Doha, yesterday came to an end.
The impact of financial crisis felt all countries, rich or poor. But developing countries will suffer twice. Hilde Treetop, KOO representative at the conference said: "The EU and U.S. to pump billions of dollars into its economy to the worst effects of the crisis situation. Together with other measures discussed in a forum G20 of the largest nations. But more than 160 nations, including Austria, are excluded. Many of them have no direct access to financial packages in order to save its economy. It may not stand in the rain left. "
The United Nations Conference on the analysis of the financial crisis, which next year will take place, could address this unfair situation. This is the first test of the newly created "Doha consensus" is. Industrialized countries and especially the new U.S. under President Obama will have to demonstrate that - unlike here in Doha - and seriously, with the participation at the highest level, they are ready, the Monterrey Consensus into practice. In 2002, the world community agreed to "promote sustainable development and an inclusive and equitable global financial system" to fight.
The political will to make this conference a success in order to assess, it is even more important that their decisions are rather modest. Doha to achieve consensus, there were specific in the context of trade facilitation to the south, global tax justice and binding of the implementation plans of increasing ODA to the negotiation altar sacrificed. Taxes on financial transactions and innovative financing instruments for the development or strengthening of the UN Committee on fiscal issues were not included in the final document. Moreover, little new in relation to debt relief and said the small promises remain rather vague.
The entire conference rather disappointing results to the calls for help from those who are particularly interested in the current financial crisis have to suffer. Again, these votes were here in Doha over the past few days to hear clearly. KOO remains the big question of whether the conference announced for 2009 to be successful, the key challenges of a global financial architecture can jointly respond. If Barack Obama is a breakthrough win?
Doha, December 2, 2008 - The body of the Episcopal Conference (KOO) welcomes the decision of the international community, a UN conference to discuss the financial crisis and its impact on development in the coming years. This was the key decision of the three-day conference to review the Monterrey Consensus in Doha, yesterday came to an end.
The impact of financial crisis felt all countries, rich or poor. But developing countries will suffer twice. Hilde Treetop, KOO representative at the conference said: "The EU and U.S. to pump billions of dollars into its economy to the worst effects of the crisis situation. Together with other measures discussed in a forum G20 of the largest nations. But more than 160 nations, including Austria, are excluded. Many of them have no direct access to financial packages in order to save its economy. It may not stand in the rain left. "
The United Nations Conference on the analysis of the financial crisis, which next year will take place, could address this unfair situation. This is the first test of the newly created "Doha consensus" is. Industrialized countries and especially the new U.S. under President Obama will have to demonstrate that - unlike here in Doha - and seriously, with the participation at the highest level, they are ready, the Monterrey Consensus into practice. In 2002, the world community agreed to "promote sustainable development and an inclusive and equitable global financial system" to fight.
The political will to make this conference a success in order to assess, it is even more important that their decisions are rather modest. Doha to achieve consensus, there were specific in the context of trade facilitation to the south, global tax justice and binding of the implementation plans of increasing ODA to the negotiation altar sacrificed. Taxes on financial transactions and innovative financing instruments for the development or strengthening of the UN Committee on fiscal issues were not included in the final document. Moreover, little new in relation to debt relief and said the small promises remain rather vague.
The entire conference rather disappointing results to the calls for help from those who are particularly interested in the current financial crisis have to suffer. Again, these votes were here in Doha over the past few days to hear clearly. KOO remains the big question of whether the conference announced for 2009 to be successful, the key challenges of a global financial architecture can jointly respond. If Barack Obama is a breakthrough win?
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