600 NGOs form all over the world call for an inclusive UN conference on the financial crisis
Brussels, 07/01/09: At the occasion of the presentation of the Social Watch Report 2008 to the European Parliament today, Social Watch, a network of over 600 citizens’ organisations from 70 countries, calls for an inclusive international UN conference to review the international financial architecture.
“It is critical that all countries have a say in the process to change the global financial architecture”, said Roberto Bissio, Social Watch coordinator. “Only an international conference convened by the UN and with full representation of developing countries will have the necessary capability and legitimacy to define a better and more just global financial system.”
The financial crisis has jeopardised the efforts undertaken to fight poverty, disease and climate change in the developing world. And while the financial architecture has been under review recently there cannot come a lasting and viable solution from meetings where only a few countries are represented and the majority of states – the developing world, which is the hardest hit – is excluded.
“The world faces a global emergency created by an unprecedented financial crisis, rising food prices, climate change and growing inequities”, said Mr. Bissio. “The Social Watch Report shows that human rights have been violated as a direct consequence of the same global economic order that has created this chaos. A rights-based approach to development with human rights, gender equality and decent work at its core must be the main guiding principle to any answer to the crisis.”
The report’s data show that between 1990 and 2005 the rate of progress on all social indicators has slowed down – in such a way that the Millennium Development Goals are impossible to be met – unless donors, among them prominently the EU, end their business-as-usual-attitude. The same neoliberal ideology of promoting deregulation, liberalisation and privatisation, that has led to the current global crisis has reverted social progress all around the world.
The Social Watch Report 2008 features:
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