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Article

28 Jun 2001

Author:
United Nations

press release: Proposals by Zedillo panel to fight poverty would alter international financial skyline

Eleven top financial leaders urge improved governance and economic management, more resources for the poor, creation of an International Tax Organization; consideration of an international tax on carbon emissions and of an Economic Security Council; new SDR allocations by the IMF; a consolidated Global Environmental Organization, "common pool" aid mechanisms and a more democratic WTO. - Far-reaching recommendations on financial mechanisms to ensure stable global development and to turn the tide against poverty were presented today to United Nations Secretary-General Kofi Annan.