G20

The global south is being left at the mercy of the financial markets. We must keep campaigning to prevent a full-blown debt crisis


23 July 2020

While lockdown is easing here in Britain, across the world coronavirus cases continue to rise. In some countries, like El Salvador, health systems have been overwhelmed. In others, including parts of India, strict lockdowns have had to be reimposed in parts of the country. Across Africa, infections are rising rapidly.

Campaigners call for $40 billion of debts to be cancelled in 2020, as IMF announces $0.5 billion fund.

Only the most radical reset, akin to a post-world war overhaul of the international economy, will allow us to rebuild the international economy in a way which means we can tackle future pandemics.

As the G20 group of major economies begins an emergency coronavirus summit online on Monday, anti-poverty campaigners Global Justice Now called for international coordination to secure an unprecedented package of measures to build public healthcare capacity, especially in low-income countries which stand most exposed to the pandemic threat. 

The most powerful countries in the world are driving climate change, violent conflict and a deeply unequal global economy, campaigners claimed today, as the leaders of those countries meet in Buenos Aires, Argentina.

In response to the G20 communique, Nick Dearden, director of social justice group Global Justice Now said:

“Angela Merkel has managed to hold it together – just about. The divisions in the international elite have nearly been papered over by this statement, but at the expense of any meaningful strategy. The statement lacks any vision for getting us out of this crisis, takes no responsibility for the state of the world, and is evidently just so much hot air for most of the countries who signed onto it.

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The global south is being left at the mercy of the financial markets. We must keep campaigning to prevent a full-blown debt crisis


23 July 2020

While lockdown is easing here in Britain, across the world coronavirus cases continue to rise. In some countries, like El Salvador, health systems have been overwhelmed. In others, including parts of India, strict lockdowns have had to be reimposed in parts of the country. Across Africa, infections are rising rapidly.

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Campaigners call for $40 billion of debts to be cancelled in 2020, as IMF announces $0.5 billion fund.

Only the most radical reset, akin to a post-world war overhaul of the international economy, will allow us to rebuild the international economy in a way which means we can tackle future pandemics.

As the G20 group of major economies begins an emergency coronavirus summit online on Monday, anti-poverty campaigners Global Justice Now called for international coordination to secure an unprecedented package of measures to build public healthcare capacity, especially in low-income countries which stand most exposed to the pandemic threat.