NGOs offer proposals to address global financial crisis
Source: Xinhua
By Xinhua writer Gu Zhenqiu
UNITED NATIONS, April 21 (Xinhua) — As the world is haunted by the worst financial crisis since the Great Depression in the 1930s,efforts to address the crisis are really not a business for governments only. Non-governmental organizations (NGOs) can also play a constructive role in this regard.
NGOs showed themselves as one of the actors in the front against the global financial crisis by offering some proposals at a United Nations Non-governmental Liaison Service-sponsored press conference on Monday at the UN Headquarters in New York.
The press conference was organized to highlight the “warm-up event” for a high-level meeting of the UN Economic and Social Council (ECOSOC) with the International Monetary Fund (IMF), World Bank, World Trade Organization (WTO) and United Nations Conference on Trade and Development (UNCTAD) on April 27. The event also came on the eve of the spring session of the World Bank and the IMF, slated to be held in Washington.
John Foster of the North-South Institute, based in Canada, said civil society organizations have been very active lately, most recently at the Global Conference on Financing for Development in Doha, Qatar in November 2008, in making proposals to address the need to meet the challenge of legitimacy.
International groups such as the G-20, the G-8 and others lacked the “fundamental grounding in representation,” he said, adding that those not represented in such groups suffered most from the global crisis.
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