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POOR COUNTRIES RAILROADED INTO WEAK COMPROMISE AT UN FINANCIAL SUMMIT
Sylvia Borren
JULY 2009 (IPS) - After weeks of negotiations, the conclusion of the UN High Level Conference on the Financial and Economic Crisis (24-26 June) was a huge disappointment, writes Sylvia Borren, co-chair of the Global Call to Action Against Poverty (GCAP) and Worldconnectors.
At the UN Conference, Borren, who also represented the 170 million workers of the International Trade Union Confederation (ITUC), stated "I bring to you the voices of women in the numerous Poverty Hearings organized by the Feminist Task Force of GCAP. They are but a few of the billion poorest and hungry in the world nearly all girls and women, as the feminization of poverty is on a sharp increase in this time of multiple crises."
In this article, Borren writes that most developing nations feel they have been railroaded into accepting a very weak compromise with only an ad-hoc UN working group to continue the process. Civil society is angry that no concrete bailout measures have been agreed on for the most affected: women and the socially marginalised.
According to the UN Millennium Campaign, world leaders spent ten times more money last year on bailing out the financial world than they spent in 49 years on development aid. The world's most powerful political leaders are maintaining their disregard for human rights by not taking responsibility for the effects of the economic and climate crises that they have caused.
(*) Sylvia Borren, co-chair of the Global Call to Action Against Poverty (GCAP) and Worldconnectors.
//NOT FOR PUBLICATION IN CANADA, CZECH REPUBLIC, IRELAND, POLAND, THE UNITED STATES, AND THE UNITED KINGDOM//
(END/2009)
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