In 24 hours, world leaders will converge at the London G20 summit to fix the global economy. As they meet, a number of emerging economies are on the edge of collapse - if they fail, it will plunge millions into poverty, and pull the world deeper into crisis.
An urgent proposal is on the table for rich countries to use democratically reformed international bodies to provide a $250 billion rescue package for these vulnerable economies. Click here to use our tool to send a message directly to your own country's leader to support this vital rescue plan:
http://www.avaaz.org/en/g20_messages
Economic crises spread fast in our global economy. Protecting the most vulnerable economies is not just about saving millions of families from crippling poverty. It's also the smartest way to turn around a deepening crisis. The responsibility is clear, but each country wants others to shoulder the burden - we need them all to act together.
On Saturday, thousands of Avaaz members marched in London (see picture above) to bring our call for a global rescue package and a green recovery to the G20, and our petition was hand-delivered to the head of the International Monetary Fund (IMF) and other leaders. A democratically reformed IMF could administer the global rescue funding.In the final hours, let's flood our leaders with direct messages demanding that they rise to this global challenge:
http://www.avaaz.org/en/g20_messages
With hope,
Ricken, Paul, Veronique, Brett, Paula, Graziela, Ben, Pascal, Iain, Alice, Luis and the whole Avaaz team
Sources:
Financial Times, "Protect the periphery countries from a storm created in the developed world", George Soros, 22 March 2009
http://www.ft.com/cms/s/0/9007adf4-170b-11de-9a72-0000779fd2ac.html
Joseph Stiglitz, "The task is to build a new financial architecture. If we flunk it, the pain will strike most cruelly in the world's poorest countries", 27 March 2009
http://www.guardian.co.uk/commentisfree/2009/mar/27/global-recession-reform
The Observer, "The protesters have it right -- and we're about to hear some innovative solutions", Will Hutton, 29 March 2009
http://www.guardian.co.uk/commentisfree/2009/mar/29/g20-summit-protests
VoxEU economists' forum on the specific benefits of international reserve funds or Special Drawing Rights for developing countries in this crisis (Ted Truman): http://www.voxeu.org/index.php?q=node/3208
Fwd by
John Willemsens,
Advayavada Foundation.
<http://www.euronet.nl/~advaya/index.htm>
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