Chiang Mai initiative

Bridge to South Korea: Global civil society meeting on the G20

Bridge to South Korea

Held in Toronto, on Monday and Tuesday, June 21-22, 2010, just ahead of the G8 Summit in Huntsville and the G20 Summit in Toronto, this meeting was intended as a strategy session for civil society organizations, platforms and networks from many G20 countries (and beyond) to discuss diverse perspectives on both the G20 as an institution and priorities with respect to its agenda.

As the outcome of an initial G20 strategy meeting in Washington DC in April of 2010 among various groups, the intention of this broader meeting of national, regional and international networks was three-fold:

  • To develop a greater understanding of the key issues on the G20 agenda as well as alternative agendas seeking to influence the G20;
  • To strengthen and solidify strategic connections among G20 and non-G20 countries in the lead up to the South Korean and French G20 meetings and strengthen the capacities of networks to develop their own analysis and strategies for confronting the G20;
  • To develop concrete ideas and proposals for collaboration with South Korean colleagues for the November Summit.

MEETING DETAILS

Bridge to South Korea

Held in Toronto, on Monday and Tuesday, June 21-22, 2010, just ahead of the G8 Summit in Huntsville and the G20 Summit in Toronto, this meeting was intended as a strategy session for civil society organizations, platforms and networks from many G20 countries (and beyond) to discuss diverse perspectives on both the G20 as an institution and priorities with respect to its agenda.

As the outcome of an initial G20 strategy meeting in Washington DC in April of 2010 among various groups, the intention of this broader meeting of national, regional and international networks was three-fold:

  • To develop a greater understanding of the key issues on the G20 agenda as well as alternative agendas seeking to influence the G20;
  • To strengthen and solidify strategic connections among G20 and non-G20 countries in the lead up to the South Korean and French G20 meetings and strengthen the capacities of networks to develop their own analysis and strategies for confronting the G20;
  • To develop concrete ideas and proposals for collaboration with South Korean colleagues for the November Summit.

MEETING DETAILS

Fifteen years is enough - March 2010

Fifteen years is enoughWhat’s changed in the international financial system and its institutions, what hasn’t and what needs to

Executive Summary
Back in 1995, the G7 met in Halifax during a “time of change and opportunity.” The meeting took place in a context of mounting deficits and debt crises in countries in the South; in the wake of economic collapse in Mexico; and amid strong global criticism from civil society, the media and governments about the World Bank and International Monetary Fund’s (IMF) austere neo-liberal structural adjustment policies.

A lot has changed since then, partly in response to the Halifax G7 Summit and subsequent G7 and G8 meetings. Too many of these improvements, however, exist only on paper. Beyond the surface, the neo-liberal, market-oriented bias that guides the Bank and Fund’s agenda and thinking has not altered.

The 2010 G8 Summit in Toronto in 2010 takes place during another “time of change and opportunity.” The financial crisis has spurred many civil society organizations (CSOs) to insist on far-reaching changes to the global financial system and its institutions. Clearly, as this publication will illustrate, 15 years of refusing to deal with the manifest shortcomings of the global economic system is enough.

Policy Paper: What’s missing in the response to the global financial crisis? - January 2010

Rethinking the international financial system during a time of crisis

Introduction
On October 19 and 20, 2009, the Halifax Initiative held a conference, co-hosted by The North South Institute, the University of Ottawa and the School of International Development and Global Studies (SIDGS), entitled "What’s Missing in the Response to the Global Financial Crisis?" The meeting brought together experts from a range of backgrounds to analyze the challenges facing the global economy, discuss the ways in which the international community has responded to the current financial crisis, and identify shortcomings in these responses.

CSO letter regarding government boycott of corporate accountability conference

Hon. Stockwell Day
Minister of International Trade

Hon. Lawrence Cannon
Minister of Foreign Affairs

Hon. Lisa Raitt
Minister of Natural Resources

Hon. Beverley Oda
Minister of International Cooperation

November 3, 2009

Re: Withdrawal of civil servants from corporate accountability conference

Dear Ministers Day, Cannon, Raitt and Oda:

On October 29, civil servants from the Department of Foreign Affairs and International Trade, Natural Resources Canada and the Canadian International Development Agency suddenly withdrew their participation from a conference jointly organized by the Canadian Network on Corporate Accountability (CNCA) and the Mining Association of Canada (MAC), which is taking place today. These civil servants withdrew not only as speakers on each of the conference’s panels, but also as registered participants.

What's missing in response to the global financial crisis: Presentations and Speeches (podcasts)

 Topic  Presentation  Speech
KEY NOTE: Thinking the unthinkable – The global financial crisis as an opportunity for transformative and systemic change?    Podcast
Causes of, and responses to, the global financial crisis - Chuck Freedman, Co-Director, Centre for Monetary and Financial Economics, Carleton University

Issue Brief: The Chiang Mai Initiative – One step closer to an Asian Monetary Fund? - April 2009

Introduction
When US financial powerhouse Lehman Brothers collapsed last fall, the world saw the start of an unprecedented collapse in global stock markets, bringing with it the loss of billions of dollars of investment around the world and severely shaking the foundations of the international banking system. Gloomy economic forecasts, a loss of investor confidence, and mass capital flight have all contributed to the worsening of the current global financial crisis. A decade ago, a similar situation unfolded in East Asia when market speculation sparked investors to pull out billions of dollars of capital, inflating debt and destabilizing markets in the region. In response, the Chiang Mai Initiative emerged in an effort to protect Asian markets from future crises. But has it stood up to today’s global economic collapse? And is an Asian Monetary Fund on the horizon? This brief explores these, and other, issues.

Final Report: Changing Face of Global Development Finance - April 24, 2008

In 2000, the Halifax Initiative Coalition organized a conference on Transforming the Global Financial System. At that time, the prospect of alternative institutions and mechanisms to the Bretton Woods Institutions (BWIs), for funding international development, were very much a matter of theoretical debate.

Now, just seven years later, the landscape has changed dramatically. There are now new players in the field in the form of alternative institutions, such as the Bank of the South and the Chiang Mai initiative. There are alternative sources of development funding, for example through new bi-lateral donors from China, Brazil and India, or from private sources, such as the Bill Gates Foundation. There are alternative mechanisms for financing development and regulating financial flows, such as airline levies, advance market commitments and currency transaction taxes.

Subscribe to RSS - Chiang Mai initiative