One of the main achievements touted by the G20 at their recently held Summit in Pittsburgh was agreement on a “Framework for Strong, Sustainable, and Balanced Growth” with the intention of leading to a correction, and preventing future recreation, of imbalances between countries with high current account surpluses and those with high current account deficits. This article argues that the G20’s attempt to do this without a substantial reform of the reserve and monetary system that has led to the current crisis will render the effort meaningless.

A Catholic News Service article refers to CIDSE /COC reactions to the outcomes of the G20 Summit in Pittsburgh.

A letter sent by International Cooperation for Development and Solidarity Network (CIDSE), a transatlantic network of faith-based development agencies of which Center of Concern is a member, addresses demands to the US and European country members of the G20 meeting in Pittsburgh.  

Center of Concern cosponsors an event in Geneva that asks the question: Are Human Rights Relevant to the Global Financial Crisis Response?  

In a recent report, the Bank of International Settlements argues that the tendency to fragment the hitherto global banking model may harm international trade. But the link between global banking and trade is not as positive as the BIS suggests, this artlcle argues.

An integrated approach that links trade, debt and finance policy is essential for domestic and international economic policies to adequately support national development strategies, especially in developing countries. This publication, edited by Mr. Aldo Caliari and Mr. Vicente Paolo Yu III, takes a first approach to what such integrated approach would entail in practice. It gathers the proceedings of the First  Policy Roundtable on Trade-Finance Linkages for Promoting Development, co-organized by Center of Concern, South Centre and the German Marshall Fund of the US, in Geneva, 2006. 

As the participants in the Group of Eight summit gathered in L'Aquila, Italy, July 8-10, the economic crisis gripping the world was getting lots of attention. In this interview for Catholic News Service, Aldo Caliari speaks about what can be expected from the G8 meeting, and how it relates to the recently held UN Conference on the World Financial and Economic Crisis.