Most Canadians would be surprised to learn that economists from the International Monetary Fund (IMF) annually visit Canada to dispense advice. We tend to think of the IMF as an institution that prescribes strong medicine, known as Structural Adjustment Programs (SAPs), only to less developed countries. In fact our governments regularly follow the same bitter prescriptions.
In early February, Peter Gillespie of the Halifax Initiative testified before Canada's Parliamentary Finance Committee on the role of tax havens in facilitating massive financial losses to developing countries.
L’Honorable James Flaherty
Ministre des Finances
Ministère des Finances Canada
140, O’Connor Street
Ottawa, ON K1A 0G5
Monsieur le Ministre,
Re : consultation 2010-2011 au sujet de la Loi sur la responsabilité en matière d’aide au développement officielle
ODA accountability consultation; World Bank dumps human rights; Bank report on extractives ignores reality.
Submission by the Halifax Initiative and CCIC regarding implementation of the Official Development Assistance Accountability Act.
Return of the financial transactions tax
Embassy Magazine, Feb. 16, 2011
By John Jacobs
In spite of Canada's attempt to bury it at the Toronto G20 meeting, a tax on financial transactions is back on the global agenda and gaining momentum.
French President Nicolas Sarkozy has pledged to use his term as chair of the G20 to reform the global financial system and curb the speculation that contributed to the economic crisis. At the top of his agenda is an international financial transactions tax (FTT) to fund the fight against poverty and climate change.
To sign on to this letter, send the name of the organization and country in which it is based by 5PM Washington DC time on November 3rd to Amy Gray: email@example.com
International Civil Society Statement to the G-20 Leaders Summit in Seoul
We, the undersigned civil society organizations from 32 countries, urge G-20 leaders to make concrete progress towards the introduction of an internationally coordinated financial transactions tax (FTT) at the upcoming summit in Seoul.
G8-G20 summits fall flat, ignore call for sustainable future
This month “Fortress Toronto”, with its 18,000 strong security forces and four kilometer chain link fence, bore witness to a Peoples’ Summit ripe with ideas and alternatives, petitions signed by 1.75 million asking leaders to invest in the future now, a 25,000 strong peaceful protest, media stunts galore, some regrettable violence, and two deeply disappointing summits.
Final script May 22, 2010; release date June 18, 2010.