IMF: G20 meeting underscores need for greater surveillance, changes in global governance
Saturday, November 15th, 2008
DPA, EarthTimes.com
November 15, 2008
Washington – The International Monetary Fund (IMF) on Saturday said leaders of the world’s top 20 economies took a significant step toward resolving the global financial crisis but cautioned that critical reforms in governance were needed for there to be any lasting impact. Leaders of the Group of 20 nations – a mix of wealthy and developing countries – met for the first time ever at an emergency summit in Washington in a nod to the increasing clout of emerging economies like China, India and Brazil.
Today’s summit was significant because of the people present. A new world economic order is developing that is more dynamic and more inclusive than any we have yet seen,” said Dominique Strauss-Kahn, the IMF’s managing director.
Strauss-Kahn also noted the leaders’ commitment to adopt broad government spending plans to boost demand in their economies. The IMF has forecast a global recession for 2009, but government actions could still pull them out of the downturn. [Ed. Note: It's amazing that people still believe this in this day and age]
We live hyperactively.
BEIJING–One man stands at the entrance to the alleyway tugging on a cigarette, glancing right and left.
Schools are in desperate need of more social workers and counsellors as one way to help combat youth violence, lawyer Julian Falconer said in a speech yesterday.